Suspension of Listing pending Financial Report

Source: RNS
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/ 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 Khan

tabrez@vita-connect.co

+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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