Tungsten Corporation PLC Director/PDMR Shareholding (1147G)
28 February 2015 - 12:41AM
UK Regulatory
TIDMTUNG
RNS Number : 1147G
Tungsten Corporation PLC
27 February 2015
TUNGSTEN CORPORATION PLC
("Tungsten" or the "Company")
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
27 February 2015
Purchase of Shares by a Director
Tungsten Corporation plc (the "Company") has been notified that
Edmund Truell, the Chief Executive Officer of the Company, (through
a subsidiary of Disruptive Capital Investments Limited (formerly
Rockhopper Investments Limited)) has today acquired 500,000
ordinary shares in the Company at a price of 146.78p pence per
share.
Following this acquisition, Mr Truell is interested in
16,432,426* ordinary shares in the Company representing
approximately 15.9 per cent. of the Company's issued share
capital.
(*) This is the total number of Mr Truell's direct and Indirect
holdings. The indirect holdings are held via Disruptive Capital
Investments Limited, the family vehicle of Mr Truell.
Enquiries:
Tungsten Corporation plc.
Edmund Truell, Chief Executive Officer +44 20 3435 5680
Juliana Wheeler, Head of Global Communications +44 20 7280 7973
Charles Stanley Securities
(Nominated Adviser and Joint Broker)
Marc Milmo/Dugald Carlean +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
About Tungsten Corporation plc.
Tungsten Corporation (LSE: TUNG) accelerates global trade by
enabling customers to streamline invoice processing, improve
cash-flow management and make better buying decisions from their
detailed spend data.
Buyer organisations that join Tungsten Network, the world's
largest compliant electronic invoice network, can reduce their
invoice-processing costs by 60%. Suppliers benefit from
efficiencies, greater visibility of their invoice status and peace
of mind. Tungsten offers supply chain financing through Tungsten
Bank; and helps buying organisations profit by applying real-time
spend analytics to its vast repository of line-level invoice
data.
Tungsten serves 56% of the Fortune 500 and 67% of the FTSE 100
by connecting the world's largest companies and government agencies
to their thousands of suppliers around the globe. It enables
suppliers to submit tax compliant e-Invoices in 47 countries, and
last year processed transactions worth over $187bn for
organisations such as Alliance Data, Aviva, Cargill, Deutsche
Lufthansa, General Motors, GlaxoSmithKline, Henkel, IBM, Kellogg's,
and the US Federal Government.
Tungsten Corporation joined forces with OB10 in 2013 to create
the world's largest electronic trading network; and acquired
DocuSphere in September 2014, a provider of accounts payable
automation solutions
Contact: James Culverhouse, Equus, +44 020 7223 1100,
james.culverhouse@equusgroup.co.uk
.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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