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TIRUPATI GRAPHITE PLC
Director's Dealing • Mar 20, 2024
5049_dirs_2024-03-20_000b14af-d9e5-412c-8b6f-9612ef0aab88.html
Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 5743H
Tirupati Graphite PLC
20 March 2024
20 March 2024
Tirupati Graphite plc
('Tirupati', 'TG' or the 'Company')
PDMR/Director Dealing
The Company announces that Mr. Alastair Bath (Executive Director), a person discharging management responsibility, purchased a total of 400,011 ordinary shares of £0.025 each in the capital of the Company, on 19 March 2024 as set out in the below notification table.
Subsequent to the purchase, Mr Bath now holds 940,826 of ordinary shares of £0.025 each in the capital of the Company, representing 0.76% of the issued ordinary shares, and is due to be issued a further 54,545 ordinary shares in April per the recent equity raise as part of the Subscription (see 17 January 2024 RNS).
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Alastair Bath
2
Reason for the notification
a)
Position/status
Executive Director
b)
Initial notification/Amendment
Initial 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
ISIN: GB00BFYMWJ95.
b)
Nature of the transaction
Purchase of Ordinary Shares
c)
Price(s) and volume(s)
| Price | volume | |
| Purchase Purchase |
£0.0497 £0.0498 |
290,199 109,812 |
d)
Aggregated information
As above
e)
Date of transaction
19 March 2024
f)
Place of transaction
London Stock Exchange
ENDS
For further information, please visit https://www.tirupatigraphite.co.uk/ or contact:
| Tirupati Graphite Plc Puruvi Poddar - Joint Managing Director |
[email protected] +44 (0) 20 39849894 |
| Optiva Securities Limited (Broker) Ben Maitland - Corporate Finance |
+44 (0) 20 3034 2707 |
| FTI Consulting (Financial PR) Ben Brewerton / Nick Hennis / Lucy Wigney |
+44 (0) 20 3727 1000 [email protected] |
About Tirupati Graphite
Tirupati Graphite Plc is a specialist Graphite producer and a supplier of the critical mineral for a decarbonised economy and the energy transition. The Company places a special emphasis on green applications including renewable energy, e-mobility, energy storage and thermal management, and is committed to ensuring its operations are sustainable.
The Company's operations include primary mining and processing in Madagascar where the Company operates two key projects, Sahamamy and Vatomina with a combined 30,000 tpa of currently installed capacity, producing high-quality flake graphite concentrate with up to 97% purity and selling to customers globally.
The Company also holds two advanced stage, world class, natural graphite projects in Mozambique. Work has already commenced to optimise the economics for development of the Montepuez graphite project, which is permitted for 100,000tpa production and where substantial construction work has already been undertaken by the predecessor. A table of the Company's projects is provided below:
| Country | Project | Stage |
| Madagascar | Sahamamy | In production: 18,000tpa capacity |
| Madagascar | Vatomina | In production: 12,000tpa capacity |
| Mozambique | Montepuez | 100,000tpa permitted, development-initiated |
| Mozambique | Balama Central | 58,000tpa permitted, development-ready |
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