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On 12 January 2026, Tirupati Graphite plc announced that a resolution passed at its General Meeting on 6 January 2026 approved the sub-division of each existing ordinary share of £0.025. This will result in one new ordinary share of £0.01 and one deferred share of £0.015, with the new ordinary shares becoming effective on 14 January 2026.
| Date | 12 Jan 2026 |
| Time | 07:00:02 |
| Category | Capital structure |
| ID | 4905O |
12 January 2026
Tirupati Graphite plc
('Tirupati' or the 'Company')
Sub-Division of Ordinary Shares
Tirupati Graphite plc (TGR.L), the specialist flake graphite company and supplier of the critical mineral for the global energy transition, announces the following further to the General Meeting of the Company ("GM") held on 6 January 2026.
At the GM, inter alia, a resolution was passed which approved the sub-division of each existing ordinary share of £0.025 into one new ordinary share of £0.01 (a "New Ordinary Share") and one deferred share of £0.015 (a "Deferred Share") (each such Deferred Share having no voting or dividend rights and effectively being worthless).
The New Ordinary Shares will become effective on 14 January 2026, however the Company's listing remains suspended. Further updates regarding, inter alia, the publication of the delayed annual report and accounts for the year ended 31 March 2025, together with delayed half year financial statements to 30 September 2025, the publication of an FCA- approved prospectus, and the lifting of the suspension will be made in due course.
ENDS
For further information, please visit https://www.tirupatigraphite.co.uk/ or contact:
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Tirupati Graphite Plc Mark Rollins - Executive Chairman Alastair Bath - Investor Relations |
+44 7356 057 265 |
About Tirupati Graphite Plc
Tirupati Graphite is a specialist graphite producer and a supplier of the critical mineral for a decarbonised economy and the energy transition, with leading low development capital and operating costs. 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 Group's operations include primary mining and processing in Madagascar where the Group operates two key projects, Sahamamy and Vatomina, with a potential combined final nameplate production capacity of 36,000tpa, subject to permits and ongoing work at Vatomina, and redevelopment of Sahamamy, currently on care and maintenance. The Madagascar operations produce high-quality flake graphite concentrate with up to 97% purity and selling to customers globally.
The Group also holds two world class, natural graphite projects in Mozambique including the Montepuez graphite project, which is permitted for 100,000tpa production and where substantial construction work has already been undertaken, although the projects remain under force majeure at the present time.