Tirupati Graphite PLC Issue of Consideration Shares - Correction (1517X)
18 12월 2023 - 7:45PM
UK Regulatory
TIDMTGR
RNS Number : 1517X
Tirupati Graphite PLC
18 December 2023
The information communicated within this announcement is deemed
to constitute inside information as stipulated under the Market
Abuse Regulations (EU) No. 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018. Upon the
publication of this announcement, this information is considered to
be in the public domain.
18 December 2023
Tirupati Graphite plc
('Tirupati', 'TG' or the 'Company')
Issue of Consideration Shares and Total Voting Rights -
Correction
This announcement replaces RNS No. 0660X released on 18 December
2023 at 7:00AM, which included an incorrect number of consideration
shares. The correct number of consideration shares is 6,546,556 .
All other details were correct. A corrected announcement is set out
below.
Tirupati Graphite plc (TGR.L, TGRHF.OTCQX), the specialist Flake
Graphite company and supplier of the critical mineral for the
global energy transition, is pleased to announce the issue of
6,546,556 consideration shares to Battery Minerals Limited ("BAT")
as part of tranche 2 of the acquisition agreement of Suni Resources
SA (See RNS 19th April 2023).
Admission of the Consideration Shares to the Standard Segment of
the Official List of the Financial Conduct Authority ("FCA") and to
trading on the Main Market of the London Stock Exchange, is
expected to become effective on or around 8.00 a.m. on Wednesday 20
December 2023 ("Admission").
Following the issue of Consideration Shares the Company's issued
share capital will comprise 114,799,220 ordinary shares of GBP0.025
each. The above figure may be used by shareholders as the
denominator for the calculations by which they will determine
whether they are required to notify their interest in, or a change
to their interest in, the Company under the Financial Conduct
Authority's Disclosure 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 (Joint Broker)
Ben Maitland - Corporate Finance +44 (0) 20 3034 2707
Holly Ritson - Corporate Broking +44 (0) 20 3981 4173
-------------------------------
Shard Capital Partners LLP (Joint Broker)
Isabella Pierre - Corporate Broking +44 20 71869927
Damon Heath - Corporate Broking +44 20 7186 9950
-------------------------------
FTI Consulting (Financial PR) +44 (0) 20 3727 1000
Ben Brewerton / Nick Hennis / Lucy Wigney tirupati@fticonsulting.com
-------------------------------
About Tirupati Graphite
Tirupati Graphite Plc is a specialist Graphite producer and a
supplier of critical minerals 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 has also acquired 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
previous operator.
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END
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December 18, 2023 05:45 ET (10:45 GMT)
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