First Day of Dealings and Green Economy Mark Accreditation
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.
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.