TIDMTUNG

RNS Number : 1970Q

Tungsten Corporation PLC

15 June 2015

TUNGSTEN CORPORATION PLC

("Tungsten" or the "Company")

Conditional Placing - Admission

Further to the Company's announcement of the results of the General Meeting today, an application has been made for the 16,875,985 Conditional Placing Shares to be admitted to trading on AIM. It is expected that admission will take place at 8.00 a.m. on 16 June 2015 ("Second Admission").

Following Second Admission, Tungsten is expected to have 125,405,397 Ordinary Shares in issue. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Enquiries:

 
 
 Tungsten Corporation plc                       +44 20 7280 
  Edmund Truell, Group CEO                      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 
  (Bookrunner and Joint Broker) 
  Simon Bridges/Peter Stewart/Andrew            +44 20 7523 
  Beswick                                       8000 
 
 Neustria Partners (Investors 
  and Analysts) 
  Robert Bailhache/Nick Henderson/Charles       +44 20 3021 
  Gorman                                        2580

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 GBP121 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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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