Tungsten Corporation PLC Director/PDMR Shareholding (0218O)
22 May 2015 - 5:00PM
UK Regulatory
TIDMTUNG
RNS Number : 0218O
Tungsten Corporation PLC
22 May 2015
TUNGSTEN CORPORATION PLC
("Tungsten" or the "Company")
Director Shareholding
Tungsten Corporation (the "Company") was notified on 21 May 2015
that pursuant to the acquisition of new ordinary shares in the
placings announced by the Company on 21 May 2015, the following
Directors of the Company have acquired the following shares in the
Company, at a price of 80 pence per share, on 21 May 2015:
FIRM PLACING CONDITIONAL PLACING*
---------------------------------------- ---------------------------------------------------
Name Number Shareholding % of issued Number of Shareholding % of issued
of Shares post Firm share Shares acquired post Conditional share
acquired Placing capital in Conditional Placing capital
in Firm Placing
Placing
----------- ------------- ------------ ----------------- ------------------ ------------
Edmund
Truell** 859,961 18,381,084 16.94% 2,902,539 21,283,623 16.97%
Peter
Kiernan 2,857 185,056 0.17% 9,643 194,699 0.16%
Lincoln
Jopp 5,714 28,212 0.03% 19,286 47,498 0.04%
Nicholas
Parker*** 7,142 47,142 0.04% 24,108 71,250 0.06%
*Subject to shareholder approval being obtained at the general
meeting to be held on 11 June 2015
** Edmund Truell invested via Disruptive Capital Investments
Limited. Edmund Truell's holdings disclosed above represent both
his direct and indirect holdings
*** Nicholas Parker's holdings include shares held by Mr Parker
in his SIPP.
Enquiries:
Tungsten Corporation plc
Edmund Truell, Group CEO +44 20 7280 7901
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
(Bookrunner and Joint Broker)
Simon Bridges/Peter Stewart/Andrew
Beswick +44 20 7523 8000
Neustria Partners (Investors and
Analysts)
Robert Bailhache/Nick Henderson/Charles
Gorman +44 20 3021 2580
Equus Group (Media)
Piers Hooper/Sam Barton/James Culverhouse +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 GBP121 billion 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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