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Tirupati Graphite Plc ( (GB:TGR) ) has issued an update.
Tirupati Graphite has issued 26 million performance-based share options to senior executives and other employees under its share option plan, aiming to strengthen motivation, retention and alignment with shareholders. The options, which cover about 3.41% of existing share capital, vest only if the share price rises to at least 200% and 300% of the 1.5p exercise price over a defined VWAP period.
In parallel, the company has granted 34 million restructuring warrants to key non-executive leaders in lieu of cash bonuses for their role in the turnaround and relisting process. These warrants, representing roughly 4.46% of current share capital, are also contingent on significant share price appreciation, signalling a strong focus on performance-linked rewards while conserving cash and tying leadership incentives to shareholder value creation.
More about Tirupati Graphite Plc
Tirupati Graphite plc is a specialist flake graphite producer and supplier of this critical mineral to markets linked to the global energy transition. The company focuses on providing graphite for applications such as batteries and advanced materials, positioning itself within the broader decarbonisation and electrification supply chain.
Average Trading Volume: 8,033,944
Technical Sentiment Signal: Sell
Current Market Cap: £12.2M
Learn more about TGR stock on TipRanks’ Stock Analysis page.