TIDMTUNG
RNS Number : 3886J
Tungsten Corporation PLC
23 August 2021
23 August 2021
TUNGSTEN CORPORATION PLC
("Tungsten" or the "Company")
Director/PDMR Shareholdings
On 20 August 2021, the following awards over ordinary shares of
0.438 pence each in Tungsten Corporation Plc were granted under the
Tungsten Corporation Plc Long Term Incentive Plan ("LTIP") to the
following person(s) discharging managerial responsibilities (each a
"PDMR"):
PDMR No. of shares under Award
Paul Cooper 160,467
--------------------------
Ian Kelly 281,350
--------------------------
Patrick Clark 241,158
--------------------------
The above LTIP awards were granted as nominal cost options which
will ordinarily become exercisable on 20 August 2024, subject to
satisfaction of performance conditions and also to the grantee's
continued service with Tungsten.
On the same date, the following awards over ordinary shares of
0.438 pence each in Tungsten Corporation Plc was granted under the
Tungsten Corporation Plc Deferred Bonus Share Plan ("DSBP") to the
following PDMRs:
PDMR No. of shares under Award
Ian Kelly 53,382
--------------------------
Patrick Clark 54,260
--------------------------
The above DSBP awards were made in recognition of performance in
the Company's financial year running from 1 May 2020 to 30 April
2021, and will ordinarily vest on 20 August 2022 subject to the
grantee's continued service with Tungsten.
The information set out below is provided in accordance with the
requirements of Article 19(3) of the Market Abuse Regulation (EU)
No 596/2014.
Details of the full notifications received by the Company are
set out below.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Paul Cooper
------------------------------- -------------------------------------
2 Reason for Notification
----------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------- -------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Tungsten Corporation Plc
------------------------------- -------------------------------------
b) LEI 213800KY57NETI1IJ428
------------------------------- -------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
----------------------------------------------------------------------
a) Description of the financial Ordinary Shares of 0.438 pence each
instrument, type of in Tungsten Corporation Plc
instrument
------------------------------- -------------------------------------
Identification code GB00B7Z0Q502
------------------------------- -------------------------------------
b) Nature of the transaction Grant of a nominal cost option award
under the Tungsten Corporation Plc
Long Term Incentive Plan.
------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 160,467
----------
------------------------------- -------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- -------------------------------------
e) Date of the transaction 20 August 2021
------------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- -------------------------------------
-------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Ian Kelly
------------------------------- -------------------------------------
2 Reason for Notification
----------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------------- -------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Tungsten Corporation Plc
------------------------------- -------------------------------------
b) LEI 213800KY57NETI1IJ428
------------------------------- -------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
----------------------------------------------------------------------
a) Description of the financial Ordinary Shares of 0.438 pence each
instrument, type of in Tungsten Corporation Plc
instrument
------------------------------- -------------------------------------
Identification code GB00B7Z0Q502
------------------------------- -------------------------------------
b) Nature of the transaction Grant of a nominal cost option award
under the Tungsten Corporation Plc
Long Term Incentive Plan.
------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 281,350
----------
------------------------------- -------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- -------------------------------------
e) Date of the transaction 20 August 2021
------------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- -------------------------------------
-------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Patrick Clark
------------------------------- --------------------------------------
2 Reason for Notification
-----------------------------------------------------------------------
a) Position/status General Counsel and Company Secretary
------------------------------- --------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Tungsten Corporation Plc
------------------------------- --------------------------------------
b) LEI 213800KY57NETI1IJ428
------------------------------- --------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
-----------------------------------------------------------------------
a) Description of the financial Ordinary Shares of 0.438 pence each
instrument, type of in Tungsten Corporation Plc
instrument
------------------------------- --------------------------------------
Identification code GB00B7Z0Q502
------------------------------- --------------------------------------
b) Nature of the transaction Grant of a nominal cost option award
under the Tungsten Corporation Plc
Long Term Incentive Plan.
------------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 241,158
----------
------------------------------- --------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- --------------------------------------
e) Date of the transaction 20 August 2021
------------------------------- --------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- --------------------------------------
-------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Ian Kelly
------------------------------- --------------------------------------------
2 Reason for Notification
-----------------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------------- --------------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name Tungsten Corporation Plc
------------------------------- --------------------------------------------
b) LEI 213800KY57NETI1IJ428
------------------------------- --------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
-----------------------------------------------------------------------------
a) Description of the financial Ordinary Shares of 0.438 pence each
instrument, type of in Tungsten Corporation Plc
instrument
------------------------------- --------------------------------------------
Identification code GB00B7Z0Q502
------------------------------- --------------------------------------------
b) Nature of the transaction Grant of a nominal cost option on identical
terms to an award under the Tungsten
Corporation plc Deferred Share Bonus
Plan.
------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 53,382
----------
------------------------------- --------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- --------------------------------------------
e) Date of the transaction 20 August 2021
------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- --------------------------------------------
-------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Patrick Clark
------------------------------- --------------------------------------------
2 Reason for Notification
-----------------------------------------------------------------------------
a) Position/status General Counsel and Company Secretary
------------------------------- --------------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name Tungsten Corporation Plc
------------------------------- --------------------------------------------
b) LEI 213800KY57NETI1IJ428
------------------------------- --------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
-----------------------------------------------------------------------------
a) Description of the financial Ordinary Shares of 0.438 pence each
instrument, type of in Tungsten Corporation Plc
instrument
------------------------------- --------------------------------------------
Identification code GB00B7Z0Q502
------------------------------- --------------------------------------------
b) Nature of the transaction Grant of a nominal cost option on identical
terms to an award under the Tungsten
Corporation plc Deferred Share Bonus
Plan.
------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 54,260
----------
------------------------------- --------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- --------------------------------------------
e) Date of the transaction 20 August 2021
------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- --------------------------------------------
Name of authorised official of issuer responsible for making
notification:
Patrick Clark
Company Secretary to Tungsten Corporation plc
Enquiries:
Tungsten Corporation plc
Paul Cooper, Chief Executive Officer
Ian Kelly, Chief Financial Officer +44 20 7280 6980
Canaccord Genuity Ltd (Nominated Advisor
& Broker)
Simon Bridges
Andrew Potts +44 20 7523 8000
Tavistock Communications Financial PR
& IR
Heather Armstrong
Jos Simson
Katie Hopkins +44 20 7920 3150
About Tungsten Corporation plc:
Tungsten Corporation (AIM: TUNG) is the world's largest,
compliant business transaction network. A leading global electronic
invoicing and purchase order transactions network, Tungsten's
mission is centred on enabling a touchless invoice process allowing
businesses around the globe to gain maximum value from their
invoice process.
Tungsten processes invoices for 74% of the FTSE 100 and 71% of
the Fortune 500. It enables suppliers to submit tax compliant
e-invoices in 54 countries, and last year processed transactions
worth GBP220bn for organisations such as Caesars Entertainment,
Computacenter, GlaxoSmithKline, Kraft Foods, Mohawk Industries,
Mondelēz International, Procter & Gamble, Shaw Industries,
Unilever and the US Federal Government.
Founded in 2000 and headquartered in London, Tungsten has
offices in the US, Bulgaria and Malaysia, employing over 200
people.
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END
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