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Tirupati Graphite Amends Convertible Loan Note Terms

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Tirupati Graphite Amends Convertible Loan Note Terms

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An announcement from Tirupati Graphite Plc ( (GB:TGR) ) is now available.

Tirupati Graphite Plc has reached an agreement to amend the terms of its 2019 and 2022 convertible loan notes. The amendments include changes to conversion prices, maturity dates, and interest rates, with the interest potentially payable in ordinary shares. These changes aim to provide flexibility and align with the company’s strategic goals, potentially impacting its financial structure and shareholder value.

More about Tirupati Graphite Plc

Tirupati Graphite Plc is a specialist graphite producer focused on supplying critical minerals essential for a decarbonized economy and global energy transition. The company emphasizes sustainable operations and green applications, including renewable energy, e-mobility, energy storage, and thermal management. It operates primary mining and processing projects in Madagascar and holds advanced-stage graphite projects in Mozambique.

Technical Sentiment Signal: Sell

Current Market Cap: £8.09M

See more insights into TGR stock on TipRanks’ Stock Analysis page.

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