REG - Tirupati Graphite - PDMR/Director Dealing

Tirupati GraphiteAnnouncement

20/03/2024 08:00

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RNS Number : 5743H  Tirupati Graphite PLC  20 March 2024

20 March 2024

Tirupati Graphite plc

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

 

PDMR/Director Dealing

 

The Company announces that Mr. Alastair Bath (Executive Director), a person
discharging management responsibility, purchased a total of 400,011 ordinary
shares of £0.025 each in the capital of the Company, on 19 March 2024 as set
out in the below notification table.

 

Subsequent to the purchase, Mr Bath now holds 940,826 of ordinary shares of
£0.025 each in the capital of the Company, representing 0.76% of the issued
ordinary shares, and is due to be issued a further 54,545 ordinary shares in
April per the recent equity raise as part of the Subscription (see 17 January
2024 RNS).

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Alastair Bath
 2   Reason for the notification
 a)  Position/status                                              Executive 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                                    Purchase of Ordinary Shares
 c)  Price(s) and volume(s)                                       Price      volume
                                                                  Purchase   £0.0497    290,199

                                                                  Purchase   £0.0498    109,812
 d)  Aggregated information                                       As above
 e)  Date of transaction                                          19 March 2024
 f)  Place of transaction                                         London Stock Exchange

d)

Aggregated information

As above

e)

Date of transaction

19 March 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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