Tungsten Corporation PLC Directorate Change (3229K)
December 13 2018 - 1:01AM
UK Regulatory
TIDMTUNG
RNS Number : 3229K
Tungsten Corporation PLC
13 December 2018
TUNGSTEN CORPORATION PLC
("Tungsten" or the "Company")
For Immediate Release
13 December 2018
Board Changes
Tungsten Corporation plc, a global business transaction network,
announces changes to the board of the Company.
We are pleased to announce that Andrew Doman has been appointed
to the Board as a non-executive director with immediate effect.
Andrew Doman is an experienced non-executive director. He is
Chairman of Castle Trust and a non-executive director at Target
Group. He was previously a non-executive director at OneSavings
Bank (2016-8), Chief Executive Officer of Premium Credit (2012-5),
and he was Chairman of Russell Investments (2011-2) having been
President and CEO from 2009. He was also a non-executive director
of Wesleyan Assurance Society (2008-9).
Andrew spent 22 years at McKinsey & Co, where his clients
included a number of leading UK and European financial services
companies. He focused on performance improvement and turnaround
strategy. He has degrees in Medicine & Surgery, and Economics,
and also holds an MBA.
Alongside this new appointment, David Benello and Ian Wheeler
have informed the Board that they wish to retire as non-executive
directors of the Company with immediate effect.
The existing Board of Tungsten welcomes Andrew to the Board, and
the new Board wishes to express its gratitude to each of its
members that have retired this year for their service to the
Company.
Enquiries:
Tungsten Corporation plc
Richard Hurwitz, Chief Executive Officer
David Williams, Chief Financial Officer +44 20 7280 7713
Panmure Gordon (Nominated Advisor)
Dominic Morley +44 20 7886 2500
Canaccord Genuity Limited (Broker)
Simon Bridges/Emma Gabriel +44 20 7523 8000
Montfort Communications Limited (Financial
Communications)
Robert Bailhache - email +44 20 3770 7908
Andrew Spencer Doman, age 67, is currently or has been a
director of the following companies within the past five years:
Current Directorships Previous directorships
77 Holland Park Management Limited Direct Debit Management Services
Castle Trust Capital Management Limited
Limited Mizzen Bidco Limited
Castle Trust Capital Nominees Mizzen Mezzco 2 Limited
Limited Mizzen Mezzco Limited
Castle Trust Capital PLC Mizzen Midco Limited
Elderbridge Limited OneSavings Bank PLC
Harlosh Limited Premium Credit Limited
Omni Capital Retail Finance Thomas Cook Money Limited
Limited Vendcrown Limited
Target Financial Systems Limited
Target Group Limited
Target Servicing Limited
There are no further disclosures required in accordance with AIM
Rule 17 and Schedule Two paragraph (g) of the AIM Rules for
Companies.
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 business transaction network that
brings businesses and their suppliers closer together with unique
technology that revolutionises invoice processing, maximises
efficiency and improves cash flow. Delivering trusted connections
and streamlined transactions, the network also provides users with
real-time spend analysis and offers access to trade finance through
Tungsten Network Finance.
Tungsten Network processes invoices for 74 percent of the FTSE
100 and 71 percent of the Fortune 500. It enables suppliers to
submit tax compliant e-invoices in 48 countries, and last year
processed transactions worth over GBP164bn for organisations such
as Alliance Data, Cargill, Deutsche Lufthansa, General Motors,
GlaxoSmithKline, Mondelēz International, Henkel, IBM, Kellogg's and
the US Federal Government.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
BOAXLLLFVLFFFBQ
(END) Dow Jones Newswires
December 13, 2018 02:01 ET (07:01 GMT)
Tungsten (LSE:TUNG)
Historical Stock Chart
From Apr 2024 to May 2024
Tungsten (LSE:TUNG)
Historical Stock Chart
From May 2023 to May 2024