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An announcement from Tirupati Graphite Plc ( (GB:TGR) ) is now available.
Tirupati Graphite has secured approval from the requisite majorities of its noteholders to amend the terms of its existing Convertible Loan Notes, covering the 2019, 2022 and 2025 Series 1 and Series 2 issues, including changes to final maturity dates and conversion prices. The approvals also fulfil a key condition for completing the company’s previously announced placing of new ordinary shares, supporting its financing plans and providing greater flexibility in managing its capital structure as it pursues growth in the critical minerals sector.
More about Tirupati Graphite Plc
Tirupati Graphite plc is a specialist flake graphite company focused on supplying this critical mineral to support the global energy transition, positioning itself within the battery and advanced materials supply chain.
Technical Sentiment Signal: Sell
Current Market Cap: £8.09M
See more data about TGR stock on TipRanks’ Stock Analysis page.