Total Voting Rights & Directors Holdings

RNS Number : 0941L
Tirupati Graphite PLC
08 January 2021
 

 

8 January 2021

Tirupati Graphite plc ('Tirupati' or the 'Company')

Total Voting Rights & Directors Holdings

 

Tirupati Graphite plc, the fully integrated, revenue generative, specialist graphite producer and graphene developer with operations in Madagascar and India, notifies shareholders that the total issued share capital of the Company consists of 74,754,434 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.  The Company does not hold any shares in Treasury at the date of this disclosure.

 

On Admission, the Directors holdings were and remain as follows:

 



Prior to Admission

On Admission

Shishir Kumar Poddar

Executive Chairman & Managing Director

1,668,615

1,789,250

Hemant Kumar Poddar

Non-Executive Director

927,857

1,027,857

Christian Gabriel St. John-Dennis

Non-Executive Director

1,136,988

1,248,099

Rajesh Kedia

Non-Executive Director

396,894

419,116

Lincoln Moore

Non-Executive Director

-

22,222

Tirupati Carbons & Chemicals Private Limited1

Concert Party member

29,565,778

29,565,778

1.  Beneficially owned by Shishir Kumar Poddar and Hemant Kumar Poddar

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

** ENDS **

 

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

 

Tirupati Graphite Plc

Puruvi Poddar

+44 (0) 20 3984 9894

Optiva Securities Limited (Broker)

Daniel Ingram

+44 (0) 20 3137 1902

St Brides Partners Ltd (Financial PR)

Isabel de Salis / Cosima Akerman

+44 (0) 20 236 1177

 

Notes

Tirupati Graphite Plc is a revenue-generative, multi-asset, multi-jurisdictional, fully integrated producer and developer of high-grade natural flake graphite, speciality graphite and graphene, which captures the entire value chain.  With a unique set of properties, graphite has diverse applications with multiple growth streams and graphene forms the new generation of 2D materials. In support of this, the Company places a special emphasis on "green" applications, including renewable energy generation, energy storage and composites, and is committed to ensuring its operations are sustainable as well.

 

The Company's operations include primary mining and processing in Madagascar, where the Company operates two key projects, Sahamamy and Vatomina; 3,000 tpa of high-quality flake graphite concentrate with up to 96% purity is currently being produced and sold to customers globally, and this is planned to increase to 81,000 tpa by 2024 as per the Company's modular medium-term development plan.

 

In India, through Tirupati Speciality Graphite Private Limited ('TSG'), with whom the Company has a binding acquisition agreement subject to regulatory approvals, Tirupati processes and produces speciality graphite for use in hi-tech applications like lithium-ion batteries, fire retardants and composites. Its specialty graphite processing operations include the 1,200 tpa Patalganga Project, which was commissioned in July 2019 to manufacture and sell CARBOFLAMEX®, a trademarked fire-retardant expandable graphite product.  At the next stage of development, Patalganga shall further be expanded to 4,800 tpa capacity with capabilities to also produce high purity and micronised graphite, so increasing market and product reach by 2021. TSG has developed unique green processing technologies for manufacturing these advanced materials.

 

After establishing itself in the specialty graphite markets through the Patalganga Project, an additional 24,000 tpa specialty graphite processing facility is to be established in two 12,000 tpa phases.  The plant will produce expandable, high purity, micronised and spherical graphite.  The west coast of India has been chosen as the location and a detailed feasibility study has been completed.  TSG is also in the process of establishing the Tirupati Graphene and Mintech Research Centre, a state-of-the-art R&D centre focussed on manufacturing graphene, developing its applications, and further providing environmentally friendly technologies consultancy for mineral processing.  Land acquisition is in progress in Bhubaneswar, India, and a detailed feasibility study completed.

 

 

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