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TIRUPATI GRAPHITE PLC
Remuneration Information • Dec 28, 2022
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 1096L
Tirupati Graphite PLC
28 December 2022
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.
28 December 2022
Tirupati Graphite plc
('Tirupati' or the 'Company')
Extension of Warrants
Tirupati Graphite plc (TGR.L, TGRHF.OTCQX), the specialist flake graphite company announces that the Board has extended the expiry date on 4,940,000 warrants previously issued to Directors and management 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 had granted extension to provide a reasonable opportunity for warrants to be exercised as announced on 30 December 2021. There has, however, been very limited opportunity for exercise of the these warrants since then as a result of the Company being in close periods during the year during which the directors have not been permitted to exercise the warrants. The warrants remain the only significant equity linked incentive provided by the Company to its leadership team.
The Board has therefore considered it appropriate to grant a further extension of the expiry date for all the outstanding warrants as tabulated below to 31 December 2025; the longer-term is designed to avoid a similar situation occurring as in 2022.
| Warrant Holder | No of warrants | Exercise Price | Current expiry date | Extended expiry date |
| Hemant Poddar | 200,000 | £0.300 | 31-12-2022 | 31-12-2025 |
| Christian St. John-Dennis | 200,000 | £0.300 | 31-12-2022 | 31-12-2025 |
| Shishir Poddar | 600,000 | £0.300 | 31-12-2022 | 31-12-2025 |
| Hemant Poddar | 240,000 | £0.400 | 31-12-2022 | 31-12-2025 |
| Christian St. John-Dennis | 240,000 | £0.400 | 31-12-2022 | 31-12-2025 |
| Rajesh Kedia | 140,000 | £0.400 | 31-12-2022 | 31-12-2025 |
| Shishir Poddar | 900,000 | £0.400 | 31-12-2022 | 31-12-2025 |
| Puruvi Poddar | 320,000 | £0.400 | 31-03-2023 | 31-03-2025 |
| Hemant Poddar | 240,000 | £0.400 | 31-12-2023 | 31-12-2025 |
| Christian St. John-Dennis | 240,000 | £0.400 | 31-12-2023 | 31-12-2025 |
| Rajesh Kedia | 240,000 | £0.400 | 31-12-2023 | 31-12-2025 |
| Shishir Poddar | 900,000 | £0.400 | 31-12-2023 | 31-12-2025 |
| Puruvi Poddar | 480,000 | £0.400 | 31-03-2024 | 31-03-2025 |
** ENDS **
For further information, please visit https://www.tirupatigraphite.co.uk/ or contact:
| Tirupati Graphite Plc Puruvi Poddar - Chief of Corporate & Business Development |
[email protected] +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 / Nick Hennis / Kelly Smith |
+44 (0) 20 3727 1000 [email protected] |
1.
Details of the person discharging managerial responsibilities ("PDMR")/person closely associated
a)
Name:
1. Shisir Poddar
2. Henant Poddar
3. Christian Dennis
4. Rajesh Kedia
5. Puruvi Poddar
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
b)
Initial notification/Amendment:
Amendment 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 |
| 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 |
d)
Aggregated information:
Aggregated volume:
Price:
| Price | Volume | |
| 1. | £0.30 | 1,000,000 |
| 2. | £0.40 | 3,940,000 |
e)
Date of the transaction:
27 December 2022
f)
Place of the transaction:
Outside a trading venue
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