Conversion of Loan Notes & Total Voting Rights

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 £1.00 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 . 

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

Tirupati Graphite Plc Puruvi Poddar - Chief of Corporate & Business Development	[e-mail] [phone]
Optiva Securities Limited (Broker) Ben Maitland - Corporate Finance Robert Emmet - Corporate Broking	[phone] [phone]
FTI Consulting (Financial PR) Ben Brewerton / Nick Hennis / Kelly Smith	[phone] [e-mail]

 

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