Tungsten Corporation PLC Board Appointments (6244Y)
23 August 2018 - 4:01PM
UK Regulatory
TIDMTUNG
RNS Number : 6244Y
Tungsten Corporation PLC
23 August 2018
TUNGSTEN CORPORATION PLC
("Tungsten" or the "Company")
For Immediate Release
23 August 2018
Board Appointments
Tungsten Corporation plc, a global business transaction network,
announces that Tony Bromovsky and Duncan Goldie-Morrison have been
appointed to the Company's Board as Non-Executive Directors with
immediate effect.
In a career spanning over 40 years, Tony has acted as an
executive and non-executive director for a variety of companies
across sectors including investment, healthcare, media and
technology. He was previously a non-executive director of Vertical
Intelligence Limited, Local World Holdings Limited, Chronos
Therapeutics Limited, Oxford Biodynamics Limited and Circle
Holdings (OS) Limited. He is also an executive director of Kilda
Investments Limited, which he established in 1991 as a vehicle to
invest in a number of ventures across Eastern Europe covering
industries such as food production, micro-finance lending,
pharmaceuticals, wineries and steelmaking. Tony spent the early
part of his career as a commodities trader at Louis Dreyfus
followed by Woodhouse Drake and Carey and Drexel Burnham
Lambert.
Duncan has spent his entire career in financial services. His
current business interests include family investment vehicle
Bradden Capital Management LLC, which he established in 2003 and
where he is now Managing Partner. He is also director and part
owner of supply chain finance company Orbian Corporation and
prepaid cards business Transact Payments Limited. He also serves on
the management board of P.R.I.M.E. Finance, a Dutch-based charity
that provides resolution services for disputes concerning complex
financial transactions. Duncan's executive career included senior
positions with Credit Agricole Group, Ritchie Capital and Bank of
America. Duncan spent the early part of his career with NatWest
Markets, Westpac Banking Corp and Kleinwort Benson. Duncan has also
previously served as a non-executive director on the boards of ICAP
plc and Primus Guaranty Limited.
Enquiries:
Tungsten Corporation plc
Richard Hurwitz, Chief Executive Officer
David Williams, Chief Financial Officer +44 20 7280 7713
Panmure Gordon (Nominated Advisor)
Dominic Morley/Peter Steel +44 20 7886 2500
Canaccord Genuity Limited (Broker)
Simon Bridges/Andrew Buchanan/Emma
Gabriel +44 20 7523 8000
Neustria Partners
Robert Bailhache/Nick Henderson/Charles
Gorman [email] +44 20 3021 2580
Anthony (Tony) Sebastian Bromovsky, age 69, is currently or has
been a director of the following companies within the past five
years:
Current directorships Previous directorships
Kilda Investments Limited Local World Holdings Limited
A & F Bromovsky Partnership Circle Holdings (OS) Limited
Gutsverwaltung Ottmanach Chronos Therapeutics Limited
Oxford Biodynamics plc
Vertical Intelligence Limited
Union Market Limited
Mr Bromovsky was a director of Union Market Limited at the time
that the company entered administration in February 2012. Mr
Bromovsky was also a director of Drexel Burnham Lambert within 12
months of that company entering administration in March 1990.
Duncan Erling Goldie-Morrison, age 63, is currently or has been
a director of the following companies within the past five
years:
Current directorships Previous directorships
Upstart Homes Limited Duchess of Bedford House RTM
Akoni Holdings Limited Company Limited
Akoni Hub Limited
Akoni IO Limited
Akoni Innovations Limited
Transact Payments Services Limited
Foose Developments Limited
Bradden Capital Management LLC
BCM Int Ltd
BCM Finance LLC
SSOP Clinton LLC
SSOP Ann Arbor LLC
SSOP Partners LLC
SSOP Lansing LLC
BCM 5 Oaks LLC
BCM Speyside LLC
BCM Horseblock LLC
8077 Hyde Road LLC II
Orbian Corporation Ltd
Orbian Investment Holdings Ltd
Neptune Int Ltd
Stichting P.R.I.M.E. Finance
Disputes Center
PGSC Inc
Progressive Green Solutions,
Inc.
Transact Payments Limited
Save as set out in this announcement, there are no further
matters to be disclosed under Rule 17 or paragraph (g) of Schedule
2 of the AIM Rules for Companies in respect of Mr Bromovsky or Mr
Goldie-Morrison.
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 business transaction network that
brings businesses and their suppliers closer together with unique
technology that revolutionises invoice processing, maximises
efficiency and improves cash flow. 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 74 percent of the FTSE
100 and 71 percent of the Fortune 500. It enables suppliers to
submit tax compliant e-invoices in 48 countries, and last year
processed transactions worth over GBP164bn for organisations such
as Alliance Data, Cargill, Deutsche Lufthansa, General Motors,
GlaxoSmithKline, Mondelēz International, Henkel, IBM, Kellogg's and
the US Federal Government.
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END
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