Tirupati Graphite PLC Correction - PDMR/Director Dealing
14 Mai 2024 - 5:09PM
RNS Regulatory News
RNS Number : 4189O
Tirupati Graphite PLC
14 May 2024
14 May 2024
Tirupati
Graphite plc
('Tirupati', 'TG' or the 'Company')
Correction - PDMR/Director Dealing
The Company issues a correction to
the previous announcement. Mr. Alastair Bath (Executive
Director), a person discharging management responsibility, has been
issued a total of 54,545 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 Bath now holds 995,371 of
ordinary shares of £0.025 each in the capital of the Company,
representing 0.76%.
|
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
Identification Code
|
Ordinary shares of £0.025
ISIN:
GB00BFYMWJ95.
|
|
b)
|
Nature of the transaction
|
Allotment of
equity shares against remuneration
|
|
c)
|
Price(s) and volume(s)
|
|
|
Price
|
volume
|
|
|
£0.11
|
54,545
|
|
|
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/ 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)
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 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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END
DSHUSRVRSBUVAAR
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