Tirupati Graphite PLC Conversion of Loan Notes & Total Voting Rights (6356B)
October 04 2022 - 2:00AM
UK Regulatory
TIDMTGR
RNS Number : 6356B
Tirupati Graphite PLC
04 October 2022
4 October 2022
Tirupati Graphite plc ('Tirupati' or the 'Company')
Conversion of Loan Notes &
Total Voting Rights
Tirupati Graphite plc announces that holders ("Noteholders") of
the convertible loan notes of par value GBP1.00 each issued by
Tirupati on 17 May 2019 ("CLN's), have elected to convert 100,000
CLN's into 222,222 ordinary shares of 2.5 pence each ("Ordinary
Shares"), at the Company's IPO price in accordance with the
instrument, being a price of 45 pence each in the share capital of
Tirupati.
Accordingly, 100,000 CLN's have been converted into 222,222 new
Ordinary Shares (the "Conversion Shares"). An application has
already been made for the admission of the Conversion Shares to
trading on the Main Market of the London Stock Exchange, and such
admission is expected to become effective at 8.00 a.m. on 5 October
2022 ("Admission").
Following Admission, the total issued share capital of the
Company will consist of 87,162,054 ordinary shares of 2.5 pence
each. This number may be used by shareholders as the denominator
for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest
in, the Company under the FCA's Disclosure Guidance and
Transparency Rules .
** 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
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END
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