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Tirupati Graphite plc announced that Ms. Puruvi Poddar, Joint Managing Director, was issued 1,363,636 ordinary shares of £0.025 each on 13 May 2024 at a price of £0.11 per share. This allotment was part of a subscription and represents equity shares against remuneration. Following this transaction, Ms. Poddar now holds 1,465,223 ordinary shares, constituting 1.13% of the company's capital.
| Date | 14 May 2024 |
| Time | 16:15:36 |
| Category | Director/PDMR dealings |
| ID | 4199O |
14 May 2024
Tirupati Graphite plc
('Tirupati', 'TG' or the 'Company')
PDMR/Director Dealing
Ms. Puruvi Poddar (Joint Managing Director), a person discharging management responsibility, has been issued a total of 1,363,636 ordinary shares of £0.025 each, as part of the Subscription (see 17 January 2024 RNS), in the capital of the Company, on 13 May 2024 as set out in the below notification table.
Ms Poddar now holds 1,465,223 of ordinary shares of £0.025 each in the capital of the Company, representing 1.13%.
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Puruvi Poddar |
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2 |
Reason for the notification |
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a) |
Position/status |
Joint Managing Director |
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b) |
Initial notification/Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Tirupati Graphite plc |
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b) |
LEI |
2138006PQV9F72H17783 |
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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 |
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a) |
Description of the financial instrument, type of instrument
Identification Code |
Ordinary shares of £0.025
ISIN: GB00BFYMWJ95. |
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b) |
Nature of the transaction |
Allotment of equity shares against remuneration |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information |
As above |
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e) |
Date of transaction |
13 May 2024 |
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f) |
Place of transaction |
London Stock Exchange |
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ENDS
For further information, please visit https://www.tirupatigraphite.co.uk/ or contact:
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Tirupati Graphite Plc Puruvi Poddar - Joint Managing Director
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+44 (0) 20 39849894 |
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Optiva Securities Limited (Broker) Ben Maitland - Corporate Finance
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+44 (0) 20 3034 2707
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FTI Consulting (Financial PR) Ben Brewerton / Nick Hennis / Lucy Wigney
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+44 (0) 20 3727 1000
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About Tirupati Graphite
Tirupati Graphite Plc is a specialist Graphite producer and a supplier of the critical mineral 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 also holds 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 predecessor. A table of the Company's projects is provided below:
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Country |
Project |
Stage |
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Madagascar |
Sahamamy |
In production: 18,000tpa capacity |
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Madagascar |
Vatomina |
In production: 12,000tpa capacity |
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Mozambique |
Montepuez |
100,000tpa permitted, development-initiated |
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Mozambique |
Balama Central |
58,000tpa permitted, development-ready |