REG - Tirupati Graphite - Confirmed Appointment of Non-Executive Chairman

Tirupati GraphiteAnnouncement

12/06/2024 07:15

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RNS Number : 0476S  Tirupati Graphite PLC  12 June 2024

 

12 June 2024

Tirupati Graphite plc

 

('Tirupati', the 'Group' or the 'Company')

 

Confirmed Appointment of Non-Executive Chairman

 

Tirupati Graphite (TGR.L), the specialist flake graphite company and supplier
of the critical mineral for the global energy transition, is pleased to
confirm the appointment of Mr Michael Lynch-Bell as Non-Executive Chairman.

 

The appointment follows the conclusion of the Company's EGM on 11 June 2024
and takes place with immediate effect. As previously announced, Mr Shishir
Poddar will retain the position of Chief Executive Officer.

 

Mr Lynch-Bell spent a 38-year career with Ernst & Young ('EY'), where he
led its Global Oil and Gas, UK IPO, and Global Oil and Gas and Mining
transaction advisory practices. Since leaving EY, he has developed a strong
board career, including his position of Deputy Chair and Senior Independent
Non-Executive Director of the then FTSE250 large-scale blue-chip mining
organisation, KAZ Minerals plc. He was also previously an Independent
Non-Executive Director of Barloworld Limited and also Lenta Limited.

 

He is currently a Non-Executive Director and Chairman of AIM and TSX-listed
Serabi Gold Plc, a Non-Executive Director of London-listed Gem Diamonds
Limited, and Independent Non-Executive Chairman of ASX-listed Little Green
Pharma Ltd.

 

Shishir Poddar, Chief Executive, commented:

"We are delighted to confirm the appointment of Michael Lynch-Bell as
Non-Executive Chairman. Michael's significant experience as an independent
director at several listed, large-scale, and growing mining businesses,
combined with his strong background with EY, will provide the Company with the
skills and experience needed to achieve its long-term objectives. We are
looking forward to working with Michael as the leader of our Board."

 

 

Michael Lynch-Bell, Non-Executive Chairman, commented:

"I am excited to be joining the Board of Tirupati Graphite. I believe the
Company's underlying investment case is strong and has significant
opportunities for future growth. I look forward to working closely with the
Board and all our stakeholders to help the Company achieve its clear
potential."

 

 

The Company makes this announcement in accordance with LR 9.6.11R of the
Listing Rules. There are no other matters requiring disclosure under Rule
9.6.13 of the Listing Rules.

 

ENDS

 

For further information, please visit https://www.tirupatigraphite.co.uk/
(https://www.tirupatigraphite.co.uk/)  or contact:

 

 Tirupati Graphite Plc                          

 Puruvi Poddar - Joint Managing Director       admin@tirupatigraphite.co.uk

                                               +44 (0) 20 39849894
 CMC Markets UK Plc (Joint Broker)

 Douglas Crippen                               +44 (0)20 3003 8632
 FTI Consulting (Financial PR)                 +44 (0) 20 3727 1000

 Ben Brewerton / Nick Hennis / Lucy Wigney     tirupati@fticonsulting.com

 

About Tirupati Graphite

 

Tirupati Graphite Plc is a specialist Graphite producer and a supplier of the
critical mineral for a decarbonised economy and the energy transition. The
Company places a special emphasis on green applications including renewable
energy, e-mobility, energy storage and thermal management, and is committed to
ensuring its operations are sustainable.

 

The Company's operations include primary mining and processing in Madagascar
where the Company operates two key projects, Sahamamy and Vatomina with a
combined 30,000 tpa of currently installed capacity, producing high-quality
flake graphite concentrate with up to 97% purity and selling to customers
globally.

 

The Company also holds two advanced stage, world class, natural graphite
projects in Mozambique. Work has already commenced to optimise the economics
for development of the Montepuez graphite project, which is permitted for
100,000tpa production and where substantial construction work has already been
undertaken by the predecessor. A table of the Company's projects is provided
below:

 

 Country       Project           Stage
 Madagascar    Sahamamy          In production: 18,000tpa capacity
 Madagascar    Vatomina          In production: 12,000tpa capacity
 Mozambique    Montepuez         100,000tpa permitted, development-initiated
 Mozambique    Balama Central    58,000tpa permitted, development-ready

 

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