REG - Tirupati Graphite - Suspension of Listing pending Financial Report

Tirupati GraphiteAnnouncement

01/08/2024 08:15

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RNS Number : 7628Y  Tirupati Graphite PLC  01 August 2024

1 August 2024

Tirupati Graphite plc

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

 

Suspension of Listing pending publication of Annual Financial Report

 

Tirupati Graphite plc, the specialist graphite producer and a supplier of the
critical mineral for the energy transition provides the following update in
relation to the publication of its Annual Financial Report ("Annual Report").

 

The Company was required to publish its Annual Report for the year ending 31
March 2024, by 31 July 2024. However, additional work has been required to
complete subsidiary audits by the Group auditor in order to maintain audit
quality requirements. Company's auditors have requested additional time beyond
the originally planned timetable to complete their audit.

 

As a result, Listing of the Company's ordinary shares on the Main Market of
the London Stock Exchange will be temporarily suspended with effect from 7.30
a.m. on 1 August 2024 pending publication of the Annual Report.

 

 

 

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 (Broker)

 Douglas Crippen                               +44 (0)20 3003 8632
 Musst / ViTa-Connect (Financial Adviser)      tabrez@vita-connect.co

 Tabrez Khan                                   +44 746 903 3573

 FTI Consulting (Financial PR)

 Ben Brewerton / Nick Hennis / Lucy Wigney     +44 (0) 20 3727 1000

                                               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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