23rd Oct 2013 13:01
LONDON (Alliance News) - Tungsten Corporation PLC Wednesday said a private holding company controlled by ICAP PLC Chief Executive Michael Spencer has acquired 200,000 ordinary shares in the company at a price of 231 pence per share.
Spencer, who is also a non-executive director of Tungsten Corporation, acquired the shares on Tuesday through IPGL Limited, a company he controls with his family interests.
Spencer, through IPGL Limited, now has an interest in 980,485 shares in the company, representing 0.98% of the company's issued share capital.
Tungsten Corporation listed on AIM on October 16 and wants to monetise its e-invoicing network, which already processes over GBP100 billion a year for many of the world's largest companies.
Its placing on AIM saw strong demand from institutional investors and was "significantly oversubscribed", according to the company on its first day of dealings.
Tungsten's shares were Wednesday quoted at 231 pence, up 0.4%.
By Samuel Agini; [email protected]; @samuelagini
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