5 February 2024
Tirupati Graphite
plc
('Tirupati', 'TG' or the 'Company')
Directorate Change and
Corporate Governance Update
Tirupati Graphite plc (TGR.L,
TGRHF.OTCQX), the specialist flake graphite
company and supplier of the critical mineral for the global energy
transition, announces that Mr. Hemant Poddar has resigned as
a Non-Executive Director of the Company, with immediate effect, in
order to focus on his other business interests.
Following the appointments of
Non-Executive Directors, Ms Isabel de Salis and Mr. Murat Dogan
Erden, in 2023, the Board initiated various measures as part of a
review of its corporate governance including but not limited
to:
·
The reconstitution of the board committees on
Audit & Risk, Remuneration and Nominations;
·
The creation of a new Sustainability Committee to
keep under review the achievement of the Company's sustainability
goals including on clean energy and waste minimisation, continuing
to target net zero emissions by turn of the decade.
The Board now constitutes three
members, of which two are independent Non-Executive Directors. The
Company will keep the size and composition of the Board under
ongoing review as it looks to grow with a view to expanding its
Board when appropriate.
The Board would like to thank Mr
Poddar for his service to the Company and wish him well for the
future.
Shishir Poddar, Executive Chairman, said:
"On behalf of the board, we would like to thank Hemant for his
contributions to the Company's evolution being a co-founder and
member on the Board since our inception. We wish him well on
his future endeavours."
ENDS
For further information, please
visit https://www.tirupatigraphite.co.uk/
or contact:
Tirupati Graphite
Plc
Puruvi
Poddar - Chief of Corporate & Business
Development
|
admin@tirupatigraphite.co.uk
+44 (0) 20
39849894
|
Optiva Securities Limited
(Broker)
Ben Maitland -
Corporate Finance
Holly Ritson -
Corporate Broking
|
+44 (0) 20
3034 2707
+44 (0) 20
3981 4173
|
FTI Consulting (Financial
PR)
Ben Brewerton /
Nick Hennis / Lucy Wigney
|
+44 (0) 20
3727 1000
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 has also acquired 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 previous
operator.