Correction - PDMR/Director Dealing

Tirupati Graphite PLC

14 May 2024

 

14 May 2024

Tirupati Graphite plc

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

Correction - PDMR/Director Dealing

The Company issues a correction to the previous announcement.  Mr. Alastair Bath (Executive Director), a person discharging management responsibility, has been issued a total of 54,545 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.

Mr Bath now holds 995,371 of ordinary shares of £0.025 each in the capital of the Company, representing 0.76%.

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	Allotment of equity shares against remuneration
c)	Price(s) and volume(s)	Price volume £0.11 54,545
d)	Aggregated information	As above
e)	Date of transaction	13 May 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	[e-mail]  [phone]
Optiva Securities Limited (Broker)  Ben Maitland - Corporate Finance	[phone]
FTI Consulting (Financial PR)  Ben Brewerton / Nick Hennis / Lucy Wigney	[phone]  [e-mail]

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

 

END