DMH Stallard advises Optiva Securities Limited as broker on the listing of Tirupati Graphite plc

14 Dec 2020

Nick Williams and Chris Simmons of DMH Stallard LLP advised Optiva Securities Limited as broker to Tirupati Graphite plc in relation to Tirupati’s admission to the Standard Segment of the Official List and to trading on the Main Market of the London Stock Exchange plc.  

Tirupati Graphite plc is a fully integrated, revenue generative, specialist graphite and graphene producer with operations in Madagascar and India. On its admission to the Official List on 14 December 2020 Tirupati raised proceeds of £6 million before expenses through a placing by Optiva, a subscription and an Intermediaries Offer managed by PrimaryBid Ltd, in each case at a price of 45p per share.

Tirupati Graphite plc had an implied market capitalisation of £33.64 million on listing and has received the London Stock Exchange’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.

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