PDMR/Director Dealing

By

Regulatory News | 20 Mar, 2024

Updated : 08:00

RNS Number : 5743H
Tirupati Graphite PLC
20 March 2024
 

20 March 2024

Tirupati Graphite plc

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

 

PDMR/Director Dealing

 

The Company announces that Mr. Alastair Bath (Executive Director), a person discharging management responsibility, purchased a total of 400,011 ordinary shares of £0.025 each in the capital of the Company, on 19 March 2024 as set out in the below notification table.

 

Subsequent to the purchase, Mr Bath now holds 940,826 of ordinary shares of £0.025 each in the capital of the Company, representing 0.76% of the issued ordinary shares, and is due to be issued a further 54,545 ordinary shares in April per the recent equity raise as part of the Subscription (see 17 January 2024 RNS).

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Alastair Bath

2

Reason for the notification

a)

Position/status

Executive Director

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Tirupati Graphite plc

b)

LEI

2138006PQV9F72H17783

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

a)

Description of the financial instrument, type of instrument

 

Identification Code

Ordinary shares of £0.025

 

 ISIN:  GB00BFYMWJ95.

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

Price(s) and volume(s)


Price

volume

Purchase

Purchase

£0.0497

£0.0498

290,199

109,812

d)

Aggregated information

As above

e)

Date of transaction

19 March 2024

f)

Place of transaction

London Stock Exchange

 

 

ENDS

? 

For further information, please visit?https://www.tirupatigraphite.co.uk/?or contact: 

Tirupati Graphite Plc 

Puruvi Poddar?- Joint Managing Director 

admin@tirupatigraphite.co.uk 

+44 (0) 20 39849894 

Optiva Securities Limited (Broker) 

Ben Maitland - Corporate Finance 

+44 (0) 20 3034 2707 

 

FTI Consulting (Financial PR) 

Ben Brewerton / Nick Hennis / Lucy Wigney 

+44 (0) 20 3727 1000 

tirupati@fticonsulting.com 

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: 

Country  

Project 

Stage 

Madagascar 

Sahamamy  

In production: 18,000tpa capacity

Madagascar 

Vatomina  

In production: 12,000tpa capacity

Mozambique 

Montepuez 

100,000tpa permitted, development-initiated 

Mozambique 

Balama Central 

58,000tpa permitted, development-ready 

 

 

 

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