Business
CLN Interest and Trading Update
CLN Interest and Trading Update.
About this update from Total Graphite Plc
[{"type":"text","content":"\n\nCThe information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this information is considered to be in the public domain.\n \n31 July 2024\nTirupati Graphite plc\n \n('Tirupati', 'TG', the 'Group' or the 'Company')\n \nCLN Interest and Trading Update\n \n \nTirupati Graphite (TGR.L), the specialist flake graphite company and supplier of the critical mineral for the global energy transition, announces a Company update detailing its current trading, operations and financial position, and the evolving flake graphite market dynamics.\n \nH1 2024 interest on Convertible Loan Notes (\"CLN\")\n \n\n\n\n\n· \n\n\nThe Company has initiated payments of interest for the period ended 30 June 2024 on the Convertible Loan Notes as per the register of noteholders as at 30 June 2024.\n\n\n\n\n· \n\n\nWhile the Company has transfer details for payment of interest for most of the noteholders from previous payments, and notes that there have been no changes in the register during the period, it is reaching out to the noteholders whose details are not available with the Company.\n\n\n\n\n· \n\n\nThe Company requests its noteholders to provide holding details by email to [email protected] if their interest payment is not received within 1 business day.\n\n\n\n\n \nFinancing and Financial position\n \n\n\n\n\n· \n\n\nThe Company continues to work on financing activities, making steady progress in its efforts as detailed in its 4 July 2024 RNS.\n\n\n\n\n· \n\n\nDiscussions have centred around strategic financing arrangements with groups particularly interested in the long-term objectvies of the Company as announced on 10 July 2024.\n\n\n\n\n· \n\n\nThe Board will continue to accrue their remuneration and fees with cash resources directed into operations until a funding solution is reached.\n\n\n\n\n· \n\n\nThe Directors have provided the Company with cash loans of a s...