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Tirupati Graphite Plc ( (GB:TGR) ) has issued an announcement.
Tirupati Graphite Plc has announced the issuance of ordinary shares in lieu of remuneration to sitting directors following a board meeting on December 9, 2024. The company allocated 1,466,660 shares to Michael Lynch-Bell and 7,586,450 shares to Shishir Poddar, both at an issue price of £0.05 per share. These shares will be admitted to trading on the London Stock Exchange upon resumption of trading. This move is part of the company’s strategy to manage its financial resources effectively while ensuring alignment of interests with its leadership. The issuance reflects the company’s ongoing efforts to maintain transparency and comply with the Financial Conduct Authority’s disclosure requirements.
More about Tirupati Graphite Plc
Tirupati Graphite Plc is a specialist graphite producer focused on supplying critical minerals essential for a decarbonized economy and the global energy transition. The company emphasizes sustainable operations with applications in renewable energy, e-mobility, energy storage, and thermal management. Its operations include mining and processing in Madagascar and advanced projects in Mozambique, aiming to produce high-quality flake graphite for global markets.
YTD Price Performance: 0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £8.09M
For detailed information about TGR stock, go to TipRanks’ Stock Analysis page.
