REG - Tirupati Graphite - Director/PDMR Shareholding

Tirupati GraphiteAnnouncement

14/05/2024 16:15

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RNS Number : 4195O  Tirupati Graphite PLC  14 May 2024

14 May 2024

Tirupati Graphite plc

('Tirupati', 'TG' or the 'Company')

 

PDMR/Director Dealing

 

Mr. Shishir Poddar (Executive Chairman & Managing Director), a person
discharging management responsibility, has been issued a total of 2,727,273
ordinary shares of £0.025 each, as part of the Subscription (see 17 January
2024 RNS), in the capital of the Company, on 13 May 2024 as set out in the
below notification table.

 

Mr Poddar now holds 3,886,523 of ordinary shares of £0.025 each in the
capital of the Company. A TR-1 (Holdings in Company) RNS has been published
separately to this announcement to show that this takes his holding in the
Company to 3%.

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Shishir Poddar
 2   Reason for the notification
 a)  Position/status                                              Executive Chairman & Managing Director
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Tirupati Graphite plc
 b)  LEI                                                          2138006PQV9F72H17783
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary shares of £0.025

     Identification Code                                           ISIN:  GB00BFYMWJ95.
 b)  Nature of the transaction                                    Allotment of equity shares against remuneration
 c)  Price(s) and volume(s)                                       Price   volume
                                                                   £0.11   2,727,273
 d)  Aggregated information                                       As above
 e)  Date of transaction                                          13 May 2024
 f)  Place of transaction                                         London Stock Exchange

d)

Aggregated information

As above

e)

Date of transaction

13 May 2024

f)

Place of transaction

London Stock Exchange

 

 

ENDS

 

For further information, please visit https://www.tirupatigraphite.co.uk/
(https://www.tirupatigraphite.co.uk/)  or contact:

 

 Tirupati Graphite Plc                          

 Puruvi Poddar - Joint Managing Director       admin@tirupatigraphite.co.uk

                                               +44 (0) 20 39849894
 Optiva Securities Limited (Broker)             

 Ben Maitland - Corporate Finance              +44 (0) 20 3034 2707

  
 FTI Consulting (Financial PR)                 +44 (0) 20 3727 1000

 Ben Brewerton / Nick Hennis / Lucy Wigney     tirupati@fticonsulting.com

                                                

 

About Tirupati Graphite

 

Tirupati Graphite Plc is a specialist Graphite producer and a supplier of the
critical mineral for a decarbonised economy and the energy transition. The
Company places a special emphasis on green applications including renewable
energy, e-mobility, energy storage and thermal management, and is committed to
ensuring its operations are sustainable.

 

The Company's operations include primary mining and processing in Madagascar
where the Company operates two key projects, Sahamamy and Vatomina with a
combined 30,000 tpa of currently installed capacity, producing high-quality
flake graphite concentrate with up to 97% purity and selling to customers
globally.

 

The Company also holds two advanced stage, world class, natural graphite
projects in Mozambique. Work has already commenced to optimise the economics
for development of the Montepuez graphite project, which is permitted for
100,000tpa production and where substantial construction work has already been
undertaken by the predecessor. A table of the Company's projects is provided
below:

 

 Country       Project           Stage
 Madagascar    Sahamamy          In production: 18,000tpa capacity
 Madagascar    Vatomina          In production: 12,000tpa capacity
 Mozambique    Montepuez         100,000tpa permitted, development-initiated
 Mozambique    Balama Central    58,000tpa permitted, development-ready

 

 

 

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