Tungsten Corporation PLC Market Update (1671I)
28 May 2014 - 3:02AM
UK Regulatory
TIDMTUNG
RNS Number : 1671I
Tungsten Corporation PLC
27 May 2014
TUNGSTEN CORPORATION PLC
("Tungsten")
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN
NOR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF
THE RELEVANT LAWS OF SUCH JURISDICTION
For Immediate Release 27th May, 2014
MARKET UPDATE
The Board of Tungsten notes the recent rise in the share
price.
Tungsten announced on 25(th) March, 2014 that the formal change
of control request and accompanying documentation in relation to
the acquisition of FIBI Bank (UK) plc ("Bank") had been submitted
to the UK's Prudential Regulation Authority ("PRA") and to the
Financial Conduct Authority.
Tungsten confirms that the change of control request is
progressing well with the PRA. Following extensive discussions, the
Board is confident of obtaining the required approval for Tungsten
shortly so that Tungsten can complete the acquisition and the
mobilisation of the Bank in the coming weeks.
LONDON, 27 May 2014
Enquiries:
Tungsten Corporation plc
Edmund Truell, Chief Executive Officer +44 20 3435 5680
Charles Stanley Securities
(Nominated Adviser and Joint Broker)
Marc Milmo/Dugald Carlean/Laura White +44 20 7149 6000
Canaccord Genuity Limited
(Joint Broker)
Simon Bridges/Peter Stewart/Cameron Duncan +44 20 7523 8000
Equus Group (Communications)
Piers Hooper / Sam Barton +44 20 7223 1100
This information is provided by RNS
The company news service from the London Stock Exchange
END
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