TIDMTUNG
RNS Number : 1145K
Tungsten Corporation PLC
16 September 2016
TUNGSTEN CORPORATION PLC
("Tungsten" or the "Company")
16 September 2016
For Immediate Release
Result of AGM
Tungsten announces that all the resolutions, as set out in the
Company's notice of Annual General Meeting ('AGM') dated 25 July
2016 and put to the AGM held at 2pm on 16 September 2016, were
passed, except for resolution 11 relating to the calling of a
general meeting on 14 days' notice. The resolutions were voted on a
poll. The table below gives details of the results of the poll.
Resolution Total Total Total
Votes Votes Votes
For * Against* Withheld
**
------------------------------------------ ----------- ----------- ----------
1. To receive and adopt
the Company's financial
statements and Directors'
and auditor's report
for the year ended 30
April 2016 67,640,637 4,351,072 1,085
(93.96%) (6.04%)
------------------------------------------ ----------- ----------- ----------
2. To re-elect Peter
Kiernan as a Director
of the Company 41,959,665 24,142,267 5,890,862
(63.48%) (36.52%)
------------------------------------------ ----------- ----------- ----------
3. To re-elect Nick Parker
as a Director of the
Company 41,958,632 20,531,096 9,503,066
(67.14%) (32.86%)
------------------------------------------ ----------- ----------- ----------
4. To re-elect David
Benello as a Director
of the Company 54,427,407 17,552,388 12,999
(75.61%) (24.39%)
------------------------------------------ ----------- ----------- ----------
5. To re-appoint PricewaterhouseCoopers
LLP as auditors 50,102,918 21,882,929 6,947
(69.60%) (30.40%)
------------------------------------------ ----------- ----------- ----------
6. To authorise the Directors
to set the auditors'
remuneration 58,186,100 4,332,026 9,474,668
(93.07%) (6.93%)
------------------------------------------ ----------- ----------- ----------
7. Authority to allot
shares 54,377,647 17,552,633 62,514
(75.60%) (24.40%)
------------------------------------------ ----------- ----------- ----------
8. General authority
to disapply pre-emption
rights (special resolution) 54,432,409 17,560,385 0
(75.61%) (24.39%)
------------------------------------------ ----------- ----------- ----------
9. Additional authority
to disapply pre-emption
rights for purposes of
acquisitions or capital
investments (special
resolution) 54,432,409 17,560,385 0
(75.61%) (24.39%)
------------------------------------------ ----------- ----------- ----------
10. Authority to purchase
own shares (special resolution) 54,349,925 17,580,355 62,514
(75.56%) (24.44%)
------------------------------------------ ----------- ----------- ----------
11. Authority to call
a general meeting on
not less than 14 days'
clear notice (special
resolution) 53,736,098 18,256,696 0
(74.64%) (25.36%)
------------------------------------------ ----------- ----------- ----------
12. Authority to make
political donations and
incur political expenditure
to a specified limit 71,272,698 670,783 49,313
(99.07%) (0.93%)
------------------------------------------ ----------- ----------- ----------
* Includes discretionary votes.
** 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 AGM Notice.
As at the date of the AGM, the number of issued shares and total
voting rights of the Company was 126,069,397 shares in issue. The
Company's Articles of Association set out that every member who is
present in person or by proxy shall have one vote for every share
of which he is the holder on a poll. The scrutineer of the poll was
Equiniti Limited.
Enquiries
Tungsten Corporation plc
Richard Hurwitz, Chief Executive
Officer
David Williams, Chief Financial +44 20 7280
Officer 7713
Panmure Gordon (Nominated
Advisor) +44 20 7886
Fred Walsh/Peter Steel 2500
Canaccord Genuity Limited
(Broker)
Simon Bridges/Cameron Duncan/Emma +44 20 7523
Gabriel 8000
Neustria Partners
Robert Bailhache/Nick Henderson/Charles +44 20 3021
Gorman 2580
About Tungsten Corporation plc
Tungsten Corporation (LSE: TUNG) aims to be the world's most
trusted business transaction network by using data intelligently to
strengthen the global supply chain.
Tungsten Network is a secure e-invoicing and purchase order
services platform that brings businesses and their suppliers closer
together with unique technology that revolutionises invoice
processing, maximises efficiency and improves cash flow management.
Delivering trusted connections and streamlined transactions, the
network also provides users with real-time spend analysis and
offers suppliers access to invoice financing through Tungsten
Network Finance, a form of alternative finance for businesses.
Tungsten Network processes invoices for 70% of the FTSE 100 and
72% of the Fortune 500. It enables suppliers to submit tax
compliant e-invoices in 47 countries, and last year processed
transactions worth over GBP133bn for organisations such as Alliance
Data, Aviva, Cargill, Deutsche Lufthansa, General Motors,
GlaxoSmithKline, Henkel, IBM, Kellogg's and the US Federal
Government.
Trusted, passionate and proven, Tungsten is making the
digitisation of global commerce between buyers and suppliers
faster, easier and smarter.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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