13th Jan 2016 08:28
TUNGSTEN CORPORATION PLC
("Tungsten" or the "Company")
For Immediate Release
13 January 2016
Director Shareholding
The Company was informed on 12 January 2016 that, on the same day, Edmund Truell, Vice Chairman of the Company, acquired a contract for difference ("CFD") over 100,000 ordinary shares of 0.438 pence each in the capital of the Company ("Ordinary Shares"). The transaction was effected via Flexible Securities Limited (an affiliate of Mr Truell's investment vehicle Disruptive Capital Investments Limited), at a price of 56.99 pence per share.
Following the above transaction, Mr Truell has a total direct and indirect interest in 19,987,283 Ordinary Shares, representing 15.85% of the Company's issued share capital.
For further information, please contact:
Enquiries:
Tungsten Corporation plc Chaz Sarathchandra, Communications Manager | +44 20 7280 6983 | |
Panmure Gordon (Nominated Adviser) Fred Walsh / Dugald J. Carlean | +44 20 7886 2500
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Canaccord Genuity Limited (Broker) Simon Bridges/Emma Gabriel/Cameron Duncan | +44 20 7523 8000
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Neustria Partners (Investors and Analysts) Robert Bailhache/Nick Henderson/Charles Gorman | +44 20 3021 2580
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About Tungsten Corporation plcTungsten 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.
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