TIRUPATI GRAPHITE PLC

Regulatory Filings • Dec 4, 2020

National Storage Mechanism | Additional information

RNS Number : 6399H

Tirupati Graphite PLC

04 December 2020

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4 December 2020

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

Green Economy Mark

Tirupati Graphite plc, the fully integrated, revenue generative, specialist graphite and graphene producer with operations in Madagascar and India, is delighted to announce that it is expected to qualify for the London Stock Exchange's ('LSE') Green Economy Mark upon admission of the Company's shares to trading on the Main Market for listed securities of the LSE, due on 11 December 2020 ('Admission').

The Green Economy Mark recognises companies that derive 50% or more of their total annual revenues from products and services that contribute to the global green economy. The underlying methodology incorporates the Green Revenues data model developed by FTSE Russell, which helps investors understand the global industrial transition to a green and low carbon economy with consistent, transparent data and indexes.

The Company published its Prospectus on 30 November 2020 and Admission is scheduled for 11 December 2020 following the conclusion of an intermediaries offer of the Company's ordinary shares launched through PrimaryBid Limited ('PrimaryBid'), which is scheduled to close on 9 December 2020 at 12:00 hours (the 'Offer').  The Offer provides retail investors with the opportunity to participate in the IPO on equal terms as institutional and professional investors. In order to participate in the Offer, retail investors can apply through the www.PrimaryBid.com platform and the PrimaryBid mobile app available on the Apple App Store and Google Play. PrimaryBid does not charge investors any commission for this service. It is vital to note that once an application for the Offer has been made and accepted via PrimaryBid, an application cannot be withdrawn. For further information on PrimaryBid.com or the procedure for applications under the PrimaryBid Offer, visit www.PrimaryBid.com.

Shishir Poddar, CEO of Tirupati Graphite, said, "With strong market demand, graphite and graphene are critical sustainable materials as a result of their extensive and unique properties and applications. The Company places a special emphasis on "green" applications, including energy storage, thermal management, flame retardant and composites, and we are committed to ensuring our operations and products are developed in a sustainable manner.  In recognition of this, we are delighted to have been informed that we are expected to qualify for the LSE's prestigious Green Economy Mark upon Admission. With an increasing number of investors and funds placing growing importance on ESG and sustainability this is a significant accreditation, which we feel honoured to be due to be awarded."

Defined terms used in this announcement hold the same meaning as those used in the Approval and Publication of Prospectus and Launch of PrimaryBid Offer Placing announcement dated 30 November 2020.   

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.

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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
PrimaryBid Ltd (Intermediaries Advisor) James Deal / Fahim Chowdhury	+44 (0) 20 3026 4750
St Brides Partners Ltd (Financial PR) Charlotte Page / Cosima Akerman	+44 (0) 20 236 1177

Notes

Tirupati Graphite Plc, due to list on the London Stock Exchange's Main Market, 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 tonnes p/a 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 tonnes p/a by 2024 as per the Company's modular medium-term development plan.

In India, the Company 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 tonnes p/a Patalganga Project, which was successfully 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 tonnes p/a capacity with capabilities to also produce high purity and micronised graphite, so increasing market and product reach by 2021. The Company 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 tonnes p/a specialty graphite processing facility is to be established in two 12,000 tonnes p/a 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.  Tirupati is also in the process of establishing the Tirupati Graphene and Mintech Research Centre, a state-of-the-art R&D centre focussed on producing 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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