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30 December 2021
Tirupati Graphite plc
('Tirupati' or the 'Company')
Extension of Warrants
Tirupati Graphite plc (TGR.L, TGRHF.OTCQX), the specialist graphite and graphene company developing sustainable new age materials, announces that the Board has extended the expiry date on 5,580,000 warrants previously issued to Directors and management by one year 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 has granted the extension to provide a reasonable opportunity for warrants to be exercised.
| Warrant Holder | No of warrants | Exercise Price | Current expiry date | Extended expiry date |
| Hemant Poddar | 200,000 | £0.300 | 31-12-2021 | 31-12-2022 |
| Christian St. John-Dennis | 200,000 | £0.300 | 31-12-2021 | 31-12-2022 |
| Shishir Poddar | 600,000 | £0.300 | 31-12-2021 | 31-12-2022 |
| Hemant Poddar | 240,000 | £0.400 | 31-12-2021 | 31-12-2022 |
| Christian St. John-Dennis | 240,000 | £0.400 | 31-12-2021 | 31-12-2022 |
| Rajesh Kedia | 140,000 | £0.400 | 31-12-2021 | 31-12-2022 |
| Shishir Poddar | 900,000 | £0.400 | 31-12-2021 | 31-12-2022 |
| Puruvi Poddar | 320,000 | £0.400 | 31-03-2022 | 31-03-2023 |
| Kien Huynh | 160,000 | £0.400 | 31-03-2022 | 31-03-2023 |
| Hemant Poddar | 240,000 | £0.400 | 31-12-2022 | 31-12-2023 |
| Christian St. John-Dennis | 240,000 | £0.400 | 31-12-2022 | 31-12-2023 |
| Rajesh Kedia | 240,000 | £0.400 | 31-12-2022 | 31-12-2023 |
| Shishir Poddar | 900,000 | £0.400 | 31-12-2022 | 31-12-2023 |
| Puruvi Poddar | 480,000 | £0.400 | 31-03-2023 | 31-03-2024 |
| Kien Huynh | 480,000 | £0.400 | 31-03-2023 | 31-03-2024 |
** ENDS **
For further information, please visit https://www.tirupatigraphite.co.uk/ or contact:
| Tirupati Graphite Plc Puruvi Poddar - Chief of Corporate & Business Development
| +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 / Ojasvi Goel / Kelly Smith
| +44 (0) 20 3727 1000 tirupati@fticonsulting.com
|
| 1. | Details of the person discharging managerial responsibilities ("PDMR")/person closely associated | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| a) | Name: | 1. Shishir Poddar 2. Henant Poddar 3. Christian Dennis 4. Rajesh Kedia 5. Puruvi Poddar 6. Kien Huynh | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 6. Chief Financial Officer | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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
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| 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
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| b) | Nature of the transaction: | Extension of Warrants expiry | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| c) | Price(s) and volume(s): |
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| d) | Aggregated information: Aggregated volume: Price: |
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| e) | Date of the transaction: | 23 December 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| f) | Place of the transaction: | Outside a trading venue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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