Tungsten Corporation PLC Director/PDMR Shareholding (3416H)
March 13 2015 - 2:00AM
UK Regulatory
TIDMTUNG
RNS Number : 3416H
Tungsten Corporation PLC
13 March 2015
TUNGSTEN CORPORATION PLC
("Tungsten" or the "Company")
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 13 March 2015
Purchase of Shares by a Director
London, 13 March 2015 - Tungsten Corporation plc (the "Company")
has been notified that on 11 March 2015 Edmund Truell, the Chief
Executive Officer of the Company, through Flexible Securities Ltd.,
an affiliate of Disruptive Capital Investments Ltd. (formerly
Rockhopper Investments Ltd.) has acquired 390,000 shares in the
Company via a contract for difference at an average price of 186.0
pence per share.
Following this transaction, Mr Truell is interested in
17,322,426* ordinary shares in the Company representing
approximately 16.7 per cent of the Company's issued share
capital.
* This is the total number of Mr Truell's direct and indirect
holdings.
Enquiries:
Tungsten Corporation plc.
Edmund Truell, Chief Executive +44 20 7280
Officer 7901
Juliana Wheeler, Head of +44 20 7280
Global Communications 7973
Charles Stanley Securities
(Nominated Adviser and Joint
Broker) +44 20 7149
Marc Milmo/Dugald Carlean 6000
Canaccord Genuity Limited
(Joint Broker)
Simon Bridges/Peter Stewart/Cameron +44 20 7523
Duncan 8000
Neustria Partners (Investors
and Analysts)
Robert Bailhache/Nick Henderson/Charles +44 20 3021
Gorman 2580
Equus Group (Media)
Piers Hooper/Sam Barton/James +44 20 7223
Culverhouse 1100
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 $187bn 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
Contact: Juliana Wheeler, Head of Global Communications, +44 20
7280 7973.
juliana.wheeler@tungsten-network.com
* Tungsten Bank is authorised by the Prudential Regulation
Authority and regulated by the Financial Conduct Authority and the
Prudential Regulation Authority. Tungsten Bank is registered on the
financial services register with firm reference number 139209.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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