15th Jun 2015 11:10
TUNGSTEN CORPORATION PLC (LSE:TUNG)
("Tungsten")
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN NOR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
For Immediate Release 15 June, 2015
General Meeting RESULTS
The Company announces that all the resolutions put to the General Meeting held at 10am on 15 June 2015 were passed by means of a poll including an ordinary resolution and a special resolution set out in the Notice of Meeting dated 28 May 2015. The final voting figures are shown below:
Resolution | Total Votes For * | Total Votes Against* | Total VotesWithheld ** |
1. Authority to allot shares | 31,749,635(95.28%) | 1,573,585 (4.72%) | 11,156 |
2. Authority to disapply pre-emption rights (special resolution) | 31,687,121 (95.09%) | 1,636,099 (4.91%) | 11,156 |
*Includes discretionary proxy votes lodged in favour of the Chairman, votes for and against lodged in favour of third parties but excludes discretionary proxy votes lodged in favour of third parties.
** A vote withheld is not treated as a vote in law and would not be counted in the calculation of the proportion of the votes cast for or against a resolution
Defined terms used in this announcement shall have the meanings set out in the General Meeting Notice.
Enquiries:
Tungsten Corporation plc Edmund Truell, Group CEO Juliana Wheeler, Head of Global Communications |
+44 20 7280 7901 +44 20 7280 7973 | |
Charles Stanley Securities (Nominated Adviser and Joint Broker) Marc Milmo/Dugald Carlean |
+44 20 7149 6000 | |
Canaccord Genuity Limited (Bookrunner and Joint Broker) Simon Bridges/Peter Stewart/Andrew Beswick |
+44 20 7523 8000 | |
Neustria Partners (Investors and Analysts) Robert Bailhache/Nick Henderson/Charles Gorman |
+44 20 3021 2580 | |
Media Juliana Wheeler, Head of Global Communications, Tungsten | +44 20 7280 7973 | |
About Tungsten Corporation plc
Tungsten 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 invoice 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 supply chain financing through Tungsten Bank*; 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 £121 billion for organisations such as Alliance Data, Aviva, Cargill, Deutsche Lufthansa, General Motors, GlaxoSmithKline, Henkel, IBM, Kellogg's, and the US Federal Government.
Tungsten Corporation joined forces with OB10 in 2013 to create the world's largest electronic trading network; and acquired DocuSphere in September 2014, a provider of accounts payable automation solutions.
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