Tungsten Corporation PLC Director Share Transfer (1627C)
14 October 2015 - 3:45AM
UK Regulatory
TIDMTUNG
RNS Number : 1627C
Tungsten Corporation PLC
13 October 2015
TUNGSTEN CORPORATION PLC
("Tungsten" or the "Company")
For Immediate Release
13 October 2015
Director Share Transfer
The Company has been informed that on 13th October 2015, Edmund
Truell, Vice Chairman of the Company, agreed to transfer 817,802
ordinary shares in the Company to Danny Truell, a Non-Executive
Director of the Company, in exchange for a total of 29.5505 A
shares in Disruptive Capital Investments Limited, a private entity
controlled by the Truell family.
550,000 of these ordinary shares have been transferred today
with the remaining 267,802 ordinary shares expected to be settled
on or before 30(th) November 2015.
Following this transaction, Edmund Truell and Danny Truell will
have beneficial interests in 19,887,283* and 1,247,802 ordinary
shares of the Company, respectively, representing 15.86% and 0.99%
of the total voting rights of the Company.
* This is the total number of Edmund Truell's direct and
indirect holdings. The indirect holdings are held via Disruptive
Capital Investments Limited, his family vehicle.
Enquiries:
Tungsten Corporation plc.
Richard Hurwitz, Chief Executive Officer
Juliana Wheeler, Head of Global Communications +44 20 7280 7713
(Media) +44 20 7280 7973
Charles Stanley Securities
(Nominated Adviser and Joint Broker)
Dugald J. Carlean +44 20 7149 6000
Canaccord Genuity Limited
(Joint Broker)
Simon Bridges/Emma Gabriel +44 20 7523 8000
Neustria Partners (Investors and Analysts)
Robert Bailhache/Nick Henderson/Charles
Gorman +44 20 3021 2580
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 invoicing 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 options for supply chain financing 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.
Contact: Juliana Wheeler, Head of Global Communications, +44 20
7280 7973.
juliana.wheeler@tungsten-network.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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