Tirupati Graphite PLC CFO Appointment, Board Plans, & Notice of Results (3463U)

TIDMTGR

RNS Number : 3463U

Tirupati Graphite PLC

01 August 2022

Tirupati Graphite plc

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

Chief Financial Officer Appointment, Planned Board Developments and Notice of Results

Tirupati Graphite plc (TGR.L, TGRHF.OTCQX) is pleased to announce the promotion of Mr. Ameya Gogate to Chief Financial Officer. Mr. Gogate is a Chartered Accountant who has held the position of Financial Controller with Tirupati since April 2019 and knows the business well. He replaces Mr. Kien Huynh, Chief Financial Officer since March 2019, who has now resigned in order to pursue other opportunities.

Mr. Gogate holds a Bachelor's degree in Commerce from University of Pune, India and a Global MBA (Finance) degree from S. P. Jain School of Global Management in Sydney, Australia. Most recently, Mr. Gogate has earned a Certificate of CFO Program from the Indian Institute of Management Calcutta. He was awarded a Chartered Accountant certification from The Institute of Chartered Accountants of India in 2014 and was awarded a Diploma in International Financial Reporting Standards in 2015 from the ACCA in London.

Tirupati has initiated the process to identify an additional Non-executive Director candidate, as well as a London-based Executive Director specialising in Finance and Project Development to provide a Board-level Executive presence in London.

The Company also announces that audited results for the 12 months ended 31 March 2022 are expected to be published on or before Monday 12 September 2022. The Company's auditors have now been able to complete its visits to the operations in Madagascar following the easing of the Country's travel restrictions.

Shishir Poddar, Executive Chairman of Tirupati Graphite, said:

"We are pleased to have appointed Mr. Gogate to the position of Chief Financial Officer. We thank Mr. Huynh for his valuable contribution and wish him all the very best in his future endeavours. Tirupati is working to strengthen our Board and leadership team further with a Board level executive presence in London. This will support our engagement with shareholders and also our plans to establish downstream and advanced materials facilities in the UK, particularly our discussions with the relevant policy makers and governmental authorities."

ENDS

   For further information, please visit   https://www.tirupatigraphite.co.uk/   or contact: 
 
Tirupati Graphite Plc 
 Puruvi Poddar - Chief of Corporate & Business     admin@tirupatigraphite.co.uk 
 Development                                                +44 (0) 20 39849894 
Optiva Securities Limited (Broker) 
 Ben Maitland - Corporate Finance                          +44 (0) 20 3034 2707 
 Robert Emmet - Corporate Broking                          +44 (0) 20 3981 4173 
FTI Consulting (Financial PR)                              +44 (0) 20 3727 1000 
 Ben Brewerton / Nick Hennis / Kelly Smith           tirupati@fticonsulting.com

About Tirupati Graphite

Tirupati Graphite Plc is a specialist graphite and graphene company. The Company places a special emphasis on "green" applications, including renewable energy and energy efficiency, energy storage and thermal management 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 installed capacity of high-quality flake graphite concentrate with up to 96% purity is currently being produced and sold to customers globally, planned to increase to 84,000 tpa by end 2024 as per the Company's modular medium-term development plan.

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCBGGDRDBXDGDB

(END) Dow Jones Newswires

August 01, 2022 02:00 ET (06:00 GMT)

Tirupati Graphite (LSE:TGR)
Historical Stock Chart
From Jun 2024 to Jul 2024