Client NewsTirupati Graphite – Issue of Consideration Shares and Total Voting Rights
Tirupati Graphite plc (TGR.L, TGRHF.OTCQX), the specialist Flake Graphite company and supplier of the critical mineral for the global energy transition, is pleased to announce the issue of 6,556,554 consideration shares to Battery Minerals Limited (“BAT”) as part of tranche 2 of the acquisition agreement of Suni Resources SA (See RNS 19th April 2023).
Admission of the Consideration Shares to the Standard Segment of the Official List of the Financial Conduct Authority (“FCA”) and to trading on the Main Market of the London Stock Exchange, is expected to become effective on or around 8.00 a.m. on Wednesday 20 December 2023 (“Admission”).
Following the issue of Consideration Shares the Company’s issued share capital will comprise 114,799,220 ordinary shares of £0.025 each. The above figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s Disclosure and Transparency Rules.
Shishir Poddar Executive Chairman said:
“Concluding the acquisition of Suni Resources is a significant milestone for the Company as it has acquired two advanced stage, world-class and construction ready natural Graphite projects in the world’s largest Graphite producing region outside of China, in northern Mozambique. This comes at a time of major tailwinds for companies outside of China able to offer current and near-term supply from quality projects, and we look forward to updating the market further in due course.”
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