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Tirupati Graphite plc: Oversubscribed Placing to Raise £10 million
Home / Client News / Tirupati Graphite plc: Oversubscribed Placing to Raise £10 million

Optiva Securities Limited is Acting as Sole Broker to the Placing

Tirupati Graphite plc, the fully integrated, revenue generative, specialist graphite producer and graphene developer with operations in Madagascar and India, is pleased to announce a placing with institutional and other investors (the ‘Placing’) of 11,111,111 ordinary shares of £0.025 each in the Company (the ‘Placing Shares’) at a price of £0.90 per Placing Share (the ‘Placing Price’) to raise an aggregate gross amount of £10 million.  The Placing Price represents a discount of 8.6% to the closing price of £0.985 on 15 April 2021 (being the latest practicable time prior to the announcement of the Placing).


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