NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION WOULD BE UNLAWFUL.
Neither this announcement, nor anything contained herein, nor anything contained in the Registration Document (as defined herein) shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. Investors should not subscribe for or purchase any shares referred to in this announcement or the Registration Document except solely on the basis of the information contained in a prospectus in its final form (together with any supplementary prospectus, if relevant, the "Prospectus"), including the risk factors set out therein, that may be published by Tirupati Graphite Plc (the "Company") in due course in connection with a possible offer of ordinary shares in the Company (the "Shares") and the possible admission to listing of such Shares to the Official List of the Financial Conduct Authority (the "FCA") by way of a Standard Listing and to trading on the main market for listed securities of the London Stock Exchange plc (the "LSE"). A copy of any Prospectus will, if published, be available for inspection from the Company's registered office at 49 Berkeley Square, Mayfair, London, United Kingdom W1J 5AZ (subject to office opening hours) and on the Company's website at www.tirupatigraphite.co.uk.
28 September 2020
Tirupati Graphite plc ('Tirupati' or the 'Company')
Financial Conduct Authority Approves Publication of Registration Document
Further to its announcement earlier today relating to a potential intention to list on the London Stock Exchange, Tirupati Graphite plc, the fully integrated, cash generative, specialist graphite and graphene producer with operations in Madagascar and India, is pleased to confirm that its Registration Document has received approval from the UK Financial Conduct Authority. The Registration Document has been submitted to the National Storage Mechanism and been published on the Company's website www.tirupatigraphite.co.uk/registrationdocument. A copy will also be available to view at the Company's registered office, 49 Berkeley Square, Mayfair, London, United Kingdom W1J 5AZ, subject to certain restrictions.
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.
** ENDS **
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 |
| 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 cash-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 with construction due to start in Q4 2020. 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 developing environmentally friendly technologies for graphite and mineral processing. Land acquisition is in progress in Bhubaneswar, India, and a detailed feasibility study completed.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.