TIDMTGR
RNS Number : 2580R
Tirupati Graphite PLC
04 November 2021
4 November 2021
Tirupati Graphite plc
Commencement of trading on the OTCQX Best Market in the United
States
Tirupati Graphite plc ("Tirupati' or the 'Company") (LSE: TGR;
OTCQX: TGRHF), the fully integrated, revenue generating, specialist
graphite producer and graphene and advanced materials developer, is
pleased to announce that trading in its ordinary shares of nominal
value of GBP0.025 each ("Ordinary Shares") will begin today on the
OTCQX(R) Best Market (" OTCQX ) in the United States ("U.S."),
under the ticker symbol "TGRHF".
The Company believes that having its Ordinary Shares traded on
the OTCQX Market will provide enhanced investor benefits, including
greater market visibility, easier trading access for investors
located in the U.S., and increased liquidity due to a broader
geographic pool of potential investors.
By trading on the premium OTCQX Market, Tirupati's shares will
be available to U.S. investors during U.S. working hours and priced
in U.S. dollars. Trading on the OTCQX will have no direct impact on
the trading of Tirupati's existing Ordinary Shares on the London
Stock Exchange and no new Ordinary Shares will be issued as part of
the cross-trade.
The OTCQX(R) Best Market is OTC Markets Group's premier market
for established, investor-focused U.S. and international companies
on which 11,000 U.S. and global securities trade. To be eligible,
companies must meet high financial standards, follow best practice
corporate governance, demonstrate compliance with U.S. securities
laws, be current in their disclosure, and have a professional
third-party sponsor introduction.
Shishir Poddar, Chairman & CEO of Tirupati Graphite said,
"We are thrilled to begin trading on the OTCQX(R) Best Market. This
cross-trading facility provides a fantastic opportunity to
introduce an investment in Tirupati to the North American investor
community. As a fast growing, innovative and disruptive company
focused on flake graphite, graphene, and new age materials, which
are critical to fuel the global energy transition, Tirupati is
attracting the attention of investors and corporates in the
region.
"We are already receiving enquiries and seeing a lot of interest
for our graphite and graphene products from high profile North
American customers. The OTCQX(R) Best Market's cross-trading
facility makes it easier for U.S. investors to trade in our
Ordinary Shares and enables the Company to make information
available on our developments and provide greater visibility of our
endeavours to U.S. investors and corporates, which opens the
possibilities of increasing cooperation's and sales channels into
the strategically important North American region."
Jonathan Dickson, Vice President of International Corporate
Services, OTC, said, "We are delighted to welcome Tirupati Graphite
plc to the OTCQX(R) Best Market. With its primary listing remaining
on the LSE, the OTCQX Market's cross-trading facility will allow
Tirupati to broaden its horizons and provide investors in the
United States with the ability to access the Company's Ordinary
Shares in U.S. dollars and during U.S. market hours."
** ENDS **
For further information, please visit www.tirupatigraphite.co.uk
or contact:
Tirupati Graphite Plc +44 (0) 20 3984 9894
Puruvi Poddar admin@tirupatigraphite.co.uk
Optiva Securities Limited (Broker)
Daniel Ingram +44 (0) 20 3137 1902
------------------------------
St Brides Partners Ltd (Financial PR) info@stbridespartners.co.uk
Isabel de Salis / Oonagh Reidy
------------------------------
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; 12,000 tpa of high-quality flake graphite
concentrate with up to 96% purity is the current capacity of these
projects and flake graphite being produced is sold to customers
globally. The projects are under staged development and total
capacity 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, focused on manufacturing the Company's trademarked
expandable graphite products CARBOFLAMEX(R) and GrafEN 45545(TM).
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 is also developing the Tirupati Graphene and Mintech
Research Centre ("TGMRC"), 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. Commercial operations commenced in July 2021 having
completed Stage 1 of the centre's development plan.
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