Business
First Day of Dealings and Green Economy Mark
First Day of Dealings and Green Economy Mark.
About this update from Total Graphite Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4572I\n Tirupati Graphite PLC\n 14 December 2020\n \n \n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, CANADA, JAPAN,\n \n SOUTH AFRICA OR AUSTRALIA OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION WOULD BE UNLAWFUL.\n \n \n 14 December 2020\n Tirupati Graphite plc ('Tirupati' or the 'Company')\n First Day of Dealings and Green Economy Mark Accreditation\n \n Tirupati Graphite plc, the fully integrated, revenue generative, specialist graphite and graphene producer with operations in Madagascar and India, is pleased to announce that at 08.00 today its ordinary shares commenced trading on the Main Market for listed securities of the London Stock Exchange plc ('LSE') under the ticker TGR ('Admission'). As part of the Admission process, the Company has raised £6 million before expenses through a Placing, Subscription and Intermediaries Offer of 13,333,334 new ordinary shares at an issue price of 45p each, implying a market capitalisation of circa £33.64 million on Admission. \n \n The Company is also pleased to confirm that it has received the LSE's Green Economy Mark, which recognises companies that derive 50% or more of their total annual revenues from products and services that contribute to the global green economy.\n \n Optiva Securities Limited is Broker to the Company, and PrimaryBid Limited was Advisor to the Intermediaries Offer.\n \n Overview\n \n · Revenue generative, integrated natural and specialty graphite and graphene company\n \n o Primary mining and processing in Madagascar\n \n o Hi-tech specialty graphite processing in India\n \n o Graphene manufacture and application research in India\n \n · LSE Green Economy Mark accredited with established green technologies contributing to a low-carbon economy and giving it focus from the ever-growing global ESG investment community\n \n · Defined development plans to advance its multi-asset/jurisdiction strategy, establishing businesses with industry leading capex intensity and lowest quartile costs, high earning potential and positioning itself as a comprehensive contributor in the flake graphite value chain\n \n · Highly experienced team with 100+ years of collective experience in graphite, ...