Business
Issue of Shares, PDMR, and Total Voting Rights
Issue of Shares, PDMR, and Total Voting Rights.
About this update from Total Graphite Plc
[{"type":"text","content":"\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 \n6 January 2025\nTirupati Graphite plc\n \n('Tirupati', 'TG', the 'Group' or the 'Company')\n \nIssue of Shares, PDMR, and Total Voting Rights\n \nTirupati Graphite (TGR.L), the specialist flake graphite company and supplier of the critical mineral for the global energy transition, announces that at a Board Meeting held on 9 December 2024, the sitting Board directors as at that date approved the issue of ordinary shares in lieu of remuneration.\n \nThe following allotment and issue of ordinary shares of £0.025p has been made by the sitting directors as at 9 December 2024:\n· 1,466,660 ordinary shares of £0.025 each in the capital of the Company issued to Michael Lynch-Bell at an issue price of £0.05 per ordinary share in certificated form duly marked \"pending admission to trading\"; and\n \n· 7,586,450 ordinary shares of £0.025 each in the capital of the Company issued to Shishir Poddar at an issue price of £0.05 per ordinary share in certificated form duly marked \"pending admission to trading\",\n \n(together the \"Subscription Shares\").\n \n \nAdmission and Total Voting Rights\n \nThe admission of the new ordinary shares will be applied upon resumption of trading of the Company's shares on the London Stock Exchange.\n \nThe Subscription Shares will rank pari passu with the existing ordinary shares of £0.025 each of the Company ('Ordinary Shares') and the admission of the new ordinary shares will be applied upon resumption of trading of the Company's shares on the London Stock Exchange ('Admission').\n \nFollowing the issue of Subscription Shares the Company's issued share capital will comprise 138,661,420 ordinary shares of £0.025 each. The above figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Financial Con...