Extension of Warrants

RNS Number : 0614X
Tirupati Graphite PLC
30 December 2021
 


The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this information is considered to be in the public domain.

 

30 December 2021

 

Tirupati Graphite plc

('Tirupati' or the 'Company')

 

Extension of Warrants

 

Tirupati Graphite plc (TGR.L, TGRHF.OTCQX), the specialist graphite and graphene company developing sustainable new age materials, announces that the Board has extended the expiry date on 5,580,000 warrants previously issued to  Directors and management by one year from their current expiry date, as per the table below. All other terms of the warrants remain the same.

 

Since Tirupati was admitted to the Official List of the FCA (by way of a standard listing under Chapter 14 of the Listing Rules) and to trading on the Main Market for listed securities of the London Stock Exchange in December 2020, the Directors and management have been restricted from trading in the securities of the Company for a substantial part of that period.  As such, the Board has granted the extension to provide a reasonable opportunity for warrants to be exercised.

 

Warrant Holder

No of warrants

Exercise Price

Current expiry date

Extended expiry date

Hemant Poddar

  200,000

£0.300

31-12-2021

31-12-2022

Christian St. John-Dennis

  200,000

£0.300

31-12-2021

31-12-2022

Shishir Poddar

  600,000

£0.300

31-12-2021

31-12-2022

Hemant Poddar

  240,000

£0.400

31-12-2021

31-12-2022

Christian St. John-Dennis

  240,000

£0.400

31-12-2021

31-12-2022

Rajesh Kedia

  140,000

£0.400

31-12-2021

31-12-2022

Shishir Poddar

  900,000

£0.400

31-12-2021

31-12-2022

Puruvi Poddar

  320,000

£0.400

31-03-2022

31-03-2023

Kien Huynh

  160,000

£0.400

31-03-2022

31-03-2023

Hemant Poddar

  240,000

£0.400

31-12-2022

31-12-2023

Christian St. John-Dennis

  240,000

£0.400

31-12-2022

31-12-2023

Rajesh Kedia

  240,000

£0.400

31-12-2022

31-12-2023

Shishir Poddar

  900,000

£0.400

31-12-2022

31-12-2023

Puruvi Poddar

  480,000

£0.400

31-03-2023

31-03-2024

Kien Huynh

  480,000

£0.400

31-03-2023

31-03-2024

 

 

** ENDS **

 

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

 

Tirupati Graphite Plc

Puruvi Poddar - Chief of Corporate & Business Development

 

admin@tirupatigraphite.co.uk

+44 (0) 20 39849894

Optiva Securities Limited (Broker)

Ben Maitland - Corporate Finance

Robert Emmet - Corporate Broking

 

+44 (0) 20 3034 2707

+44 (0) 20 3981 4173

FTI Consulting (Financial PR)

Ben Brewerton / Ojasvi G oel / Kelly Smith

 

+44 (0) 20 3727 1000

tirupati@fticonsulting.com

 

 

1. 

Details of the person discharging managerial responsibilities ("PDMR")/person closely associated  

a) 

Name: 

1.  Shishir Poddar

2.  Henant Poddar

3.  Christian Dennis

4.  Rajesh Kedia

5.  Puruvi Poddar

6.  Kien Huynh

2. 

Reason for the notification  

a) 

Position/status: 

1.  Executive Chairman

2.  Non-Executive Director

3.  Non-Executive Director

4.  Non-Executive Director

5.  Chief of Corporate & Business Development

6.  Chief Financial Officer

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 each 

 GB00BFYMWJ95

 

b) 

Nature of the transaction: 

Extension of Warrants expiry

c) 

Price(s) and volume(s): 

 

Price

Volume

PDMR

1

£0.300

  200,000

Hemant Poddar

2

£0.300

  200,000

Christian St. John-Dennis

3

£0.300

  600,000

Shishir Poddar

4

£0.400

  240,000

Hemant Poddar

5

£0.400

  240,000

Christian St. John-Dennis

6

£0.400

  140,000

Rajesh Kedia

7

£0.400

  900,000

Shishir Poddar

8

£0.400

  320,000

Puruvi Poddar

9

£0.400

  160,000

Kien Huynh

10

£0.400

  240,000

Hemant Poddar

11

£0.400

  240,000

Christian St. John-Dennis

12

£0.400

  240,000

Rajesh Kedia

13

£0.400

  900,000

Shishir Poddar

14

£0.400

  480,000

Puruvi Poddar

15

£0.400

  480,000

Kien Huynh

d) 

Aggregated information: 

Aggregated volume: 

Price: 

 

Price

Volume

1.

£0.30

1,000,000

2.

£0.40

4,580,000

 

 

e) 

Date of the transaction: 

23 December 2021

f) 

Place of the transaction: 

Outside a trading venue

       

 

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