Tirupati Graphite PLC Appointment of Non-Executive Director (5684H)
25 November 2022 - 6:00PM
UK Regulatory
TIDMTGR
RNS Number : 5684H
Tirupati Graphite PLC
25 November 2022
25 November 2022
Tirupati Graphite plc
('Tirupati', 'TG' or the 'Company')
Appointment of Non-Executive Director
Tirupati Graphite plc (TGR.L, TGRHF.OTCQX), the specialist
graphite and graphene company developing sustainable new age
materials, is pleased to announce the appointment of Douglas Wright
as a Non-Executive Director to the Board of Directors.
Prior to joining Tirupati Graphite, Douglas served as the
Chairman of Kavango Resources, an LSE-listed mineral exploration
company with operations in Southern Africa. Douglas has over 30
years' experience of working in the City, including as a partner at
City & Westminster Corporate Finance. Douglas is an existing
shareholder in Tirupati, owning 1,000,000 shares.
This appointment follows the announcement of the search for an
additional Non-Executive Director candidate via RNS on 01 August
2022.
Shishir Poddar, Executive Chairman, said:
"We are pleased to welcome Douglas to the Tirupati Graphite
Board as a Non-Executive Director. He brings an important level of
knowledge and experience to the Company at an exciting time in our
development. We look forward to benefitting from Douglas's wealth
of relevant experience in the resources industry and in capital
markets."
Douglas Wright said:
"I am delighted to be joining Tirupati at such an exciting time
in the Company's journey. Graphite has a critical part to play in
the global shift towards a net zero world, and Tirupati is set to
play a key role in that as the Company progresses towards its
target of providing approximately 8% of global flake graphite
demand."
ENDS
For further information, please visit
https://www.tirupatigraphite.co.uk/ or contact:
Tirupati Graphite Plc
Puruvi Poddar - Chief of Corporate & Business admin@tirupatigraphite.co.uk
Development +44 (0) 20 39849894
Optiva Securities Limited (Broker)
Ben Maitland - Corporate Finance +44 (0) 20 3034 2707
Robert Emmet - Corporate Broking +44 (0) 20 3981 4173
FTI Consulting (Financial PR) +44 (0) 20 3727 1000
Ben Brewerton / Nick Hennis / Kelly Smith tirupati@fticonsulting.com
About Tirupati Graphite
Tirupati Graphite Plc is a specialist graphite and graphene
company. The Company places a special emphasis on "green"
applications, including renewable energy and energy efficiency,
energy storage and thermal management and is committed to ensuring
its operations are sustainable as well.
The Company's operations include primary mining and processing
in Madagascar, where the Company operates two key projects,
Sahamamy and Vatomina; 12,000 tpa installed capacity of
high-quality flake graphite concentrate with up to 96% purity is
currently being produced and sold to customers globally, planned to
increase to 84,000 tpa by end 2024 as per the Company's modular
medium-term development plan.
The Company has an acquisition agreement, subject to regulatory
approvals, with Tirupati Speciality Graphite Private Limited
('TSG'). TSG operates and is developing a suite of speciality
graphite for use in hi-tech applications like lithium-ion
batteries, fire retardants, thermal management, and composites. It
also operates a technology centre developing advanced materials
including graphene and its applications, and mineral processing
technology on commercial basis. The Company is working on various
possibilities in this respect as announced by RNS on 11 July
2022.
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END
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