Tungsten Corporation PLC Directorate Change (0382G)
24 May 2017 - 4:01PM
UK Regulatory
TIDMTUNG
RNS Number : 0382G
Tungsten Corporation PLC
24 May 2017
TUNGSTEN CORPORATION PLC
("Tungsten" or the "Company")
24 May 2017
Directorate Change
Tungsten Corporation plc (LSE:TUNG), the global e-invoicing,
purchase order services, analytics and financing company, has been
notified that Danny Truell will be stepping down as a Non-Executive
Director of the Board with immediate effect.
Danny Truell commented:
"I enjoyed creating Tungsten. With Rick at the helm, steering a
highly capable senior leadership team, I am very confident about
its future and remain a robust shareholder. Sadly, my health has
deteriorated and it is time for me to step aside."
Nick Parker, Non-Executive Chairman, commented:
"On behalf of the Board, I should like to thank Danny, a Founder
of Tungsten, for his enormous contribution to the development of
the business. We wish him well for the future."
Enquiries
Tungsten Corporation plc
Richard Hurwitz, Chief Executive
Officer
David Williams, Chief Financial +44 20 7280
Officer 7713
Panmure Gordon (Nominated
Advisor) +44 20 7886
Dominic Morley/Peter Steel 2500
Canaccord Genuity Limited
(Broker)
Simon Bridges/Andrew Buchanan/Emma +44 20 7523
Gabriel 8000
Neustria Partners
Robert Bailhache/Nick Henderson/Charles +44 20 3021
Gorman [email] 2580
About Tungsten Corporation plc
Tungsten Corporation (LSE: TUNG) aims to be the world's most
trusted business transaction network by using data intelligently to
strengthen the global supply chain.
Tungsten Network is a secure e-invoicing and purchase order
services platform that brings businesses and their Suppliers closer
together with unique technology that revolutionises invoice
processing, maximises efficiency and improves cash flow management.
Delivering trusted connections and streamlined transactions, the
network also provides users with real-time spend analysis and
offers Suppliers access to invoice financing through Tungsten
Network Finance, a form of alternative finance for businesses.
Tungsten Network processes invoices for 70% of the FTSE 100 and
72% of the Fortune 500. It enables Suppliers to submit tax
compliant e-invoices in 47 countries, and last year processed
transactions worth over GBP133bn for organisations such as Alliance
Data, Cargill, Deutsche Lufthansa, General Motors, GlaxoSmithKline,
Henkel, IBM, Kellogg's and the US Federal Government.
Trusted, passionate and proven, Tungsten is making the
digitisation of global commerce between Buyers and Suppliers
faster, easier and smarter.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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