Business
Conversion of Convertible Loan Notes
Conversion of Convertible Loan Notes.
About this update from Total Graphite Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2566U\n Tirupati Graphite PLC\n 01 December 2021\n \n \n \n \n \n \n The 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 \n \n \n \n \n \n 1 December 2021\n Tirupati Graphite plc\n ('Tirupati' or the 'Company')\n Conversion of Convertible Loan Notes\n & Total Voting Rights\n \n Tirupati Graphite plc (TGR.L, TGRHF.OTCQX), the specialist graphite and graphene company developing sustainable new age materials, announces that a holder (\"Noteholder\") of Convertible Loan Notes of par value £1.00 each issued by Tirupati on 17 May 2019 (\"CLN's\"), have elected to convert 160,000 CLN's into 355,556 ordinary shares of 2.5 pence each (\"Ordinary Shares\"), at the Company's IPO price in accordance with the instrument, being a price of 45 pence per Ordinary Share.\n \n Accordingly, 355,556 new Ordinary Shares (the \"Conversion Shares\") will be issued to the Noteholder. Application has been made for the admission of the Conversion Shares to trading on the Main Market of the London Stock Exchange, with such admission expected to become effective at 8.00 a.m. on 3 December 2021 (\"Admission\").\n \n Following Admission, the total issued share capital of the Company will consist of 86,563,323 Ordinary Shares of 2.5 pence each. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules. \n \n ** ENDS **\n \n \n \n \n \n \n \n Enquiries:\n \n \n \n \n \n \n \n \n \n Tirupati Graphite Plc\n \n \n Puruvi Poddar - Chief of Corporate & Business Development\n \n \n \n \n \n \n [email protected]\n \n +44 (0) 20 39849894\n \n \n \n \n \n \n Optiva Securities Limited (Broker)\n \n \n Ben Maitland - Corporate Finance\n \n \n Robert Emmet - Corporate Broking\n \n \n \n \n \n \n \n +44 (0) 20 3034 2707\n \n \n +44 (0) 20 3981 4173\n \...