Tirupati Graphite PLC Extension of Warrants (9508B)
June 15 2021 - 6:06AM
UK Regulatory
TIDMTGR
RNS Number : 9508B
Tirupati Graphite PLC
15 June 2021
The information communicated within this announcement is deemed
to constitute inside information as stipulated under the Market
Abuse Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this information is considered to be in the public
domain.
15 June 2021
Tirupati Graphite plc ('Tirupati' or the 'Company')
Extension of Warrants
Tirupati Graphite plc, the fully integrated, revenue generating,
specialist graphite producer and graphene and advanced materials
developer, today announces that it has extended the expiry date on
certain warrants issued to a number of Directors by an additional
six months.
The expiry date on a total of 1,000,000 warrants issued on 31
December 2017 and exercisable at GBP0.30 per warrant (the
'Warrants'), which were extended previously to 30 June 2021 (see
RNS 22 December 2020), has now been extended to 31 December 2021.
All other terms remain the same.
Accordingly, the revised terms of the Warrants granted to
certain Directors are as follows:
Director No. of Warrants Exercise Price Issue Date New Expiry
Date
Shishir Poddar 600,000 GBP0.30 31/12/17 31/12/21
---------------- --------------- ----------- -----------
Hemant Podder 200,000 GBP0.30 31/12/17 31/12/21
---------------- --------------- ----------- -----------
Christian 200,000 GBP0.30 31/12/17 31/12/21
Dennis
---------------- --------------- ----------- -----------
** ENDS **
For further information, please visit
https://www.tirupatigraphite.co.uk/ or contact:
Tirupati Graphite Plc
Puruvi Poddar +44 (0) 20 3984 9894
Optiva Securities Limited (Broker)
Daniel Ingram +44 (0) 20 3137 1902
---------------------
St Brides Partners Ltd (Financial PR)
Isabel de Salis / Cosima Akerman +44 (0) 20 236 1177
---------------------
Notes
Tirupati Graphite Plc is a revenue-generating, multi-asset,
multi-jurisdictional, fully integrated producer and developer of
high-grade natural flake graphite, speciality graphite and graphene
and graphene enhanced advanced materials. With a unique set of
properties, graphite has diverse applications with multiple growth
streams and graphene forms the new generation of 2D and advanced
materials. The Company places a special emphasis on "green"
applications, including renewable energy and energy efficiency,
energy storage, thermal management and advanced materials
development, and is committed to ensuring its operations are
sustainable as well.
The Company's operations include primary mining and processing
in Madagascar, where the Company operates two key projects,
Sahamamy and Vatomina; 3,000 tpa of high-quality flake graphite
concentrate with up to 96% purity is currently being produced and
sold to customers globally, additional 9,000 tpa capacity expected
to be commissioned in Q2 2021, and this is planned to increase to
84,000 tpa by 2024 as per the Company's modular medium-term
development plan.
In India, through Tirupati Speciality Graphite Private Limited
('TSG'), with whom the Company has a binding acquisition agreement
subject to regulatory approvals, Tirupati is developing a suite of
speciality graphite for use in hi-tech applications like
lithium-ion batteries, fire retardants, thermal management and
composites. Its current operations include the 1,200 tpa Patalganga
Project, which was commissioned in July 2019 to manufacture and
sell CARBOFLAMEX(R), a trademarked fire-retardant expandable
graphite product. TSG is further developing 30,000 tpa specialty
graphite project in two equal size modules and has developed unique
green processing technologies for manufacturing these advanced
materials.
TSG has also established and continues to develop the Tirupati
Graphene and Mintech Research Centre, a state-of-the-art R&D
centre focussed on manufacturing graphene, developing its
applications and advanced materials using graphene, and further
providing environmentally friendly technologies consultancy for
mineral processing.
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: 1. Shisir Poddar
2. Henant Poddar
3. Christian Dennis
------------------------------- -------------------------------------------------
2. Reason for the notification
----------------------------------------------------------------------------------
a) Position/status: 1. Executive Chairman
4. Non-Executive Director
5. Non-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 Ordinary shares of GBP0.025 each
instrument, type of instrument: GB00BFYMWJ95
Identification code:
----------------------------------------- ---------------------------------------
b) Nature of the transaction: Extension of Warrants
----------------------------------------- ---------------------------------------
c) Price(s) and volume(s): Price Volume
1. GBP0.30 600,000
-------- --------
2. GBP0.30 200,000
-------- --------
3. GBP0.30 200,000
-------- --------
----------------------------------------- ---------------------------------------
d) Aggregated information:
Aggregated volume: Price Volume
Price: 1. GBP0.30 600,000
-------- --------
2. GBP0.30 200,000
-------- --------
3. GBP0.30 200,000
-------- --------
----------------------------------------- ---------------------------------------
e) Date of the transaction: 7 June 2021
----------------------------------------- ---------------------------------------
f) Place of the transaction: Outside a trading venue
----------------------------------------- ---------------------------------------
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END
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