Proposed Directors Tirupati Graphite explain why they have requisitioned an GM
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Description
A group of shareholders in Tirupati Graphite (AIM:TGR), the specialist graphite flake company with projects in Madagascar and Mongolia, have served the company with a Requisition for a GM, which is now being held on 11th June. In this interview, Mark Rollins and Murat Erden, the proposed directors of TGR, outline their concerns regarding corporate governance, conflicts of interest and related party transactions, which they believe disadvantage shareholders, which led to the resignation of several directors, including Co-Founder Hemant Poddar, auditor and corporate advisor and broker Optiva Securities Ltd. Mark and Murat also outline their strategy to successfully stabilise, recapitalise and return the business to growth. In this presentation and Q&A with focusIR, investors will also learn: • Why the requisitioning shareholders believe current company structure is failing all shareholders and directly responsible for financial and share price underperformance • How upstream profits are benefitting the directors of TGR at the expense of shareholders • How the strategy to stabilise, recapitalise and to grow the business can be implemented • How the Company can be recapitalised without dilution to shareholders • Why the new proposed Advisory Board of experts with industry graphite expertise is essential to the success of the Company Mark Rollins and Murat Erden, proposed directors for Tirupati Graphite, were interviewed by Donald Leggatt for focusIR.
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