Tungsten Corporation PLC Result of AGM (3804C)
October 16 2020 - 9:50AM
UK Regulatory
TIDMTUNG
RNS Number : 3804C
Tungsten Corporation PLC
16 October 2020
TUNGSTEN CORPORATION PLC
("Tungsten" or the "Company")
16 October 2020
For Immediate Release
Result of AGM
The Company announces the outcome of votes cast by means of a
poll in respect of the resolutions put to the Annual General
Meeting held at 3.00 pm on Friday 16 October 2020. The table below
gives details of the results of the poll in respect of the ordinary
resolutions (resolutions 1 to 8) and special resolutions
(resolutions 9 to 11) set out in the Company's notice of AGM dated
22 September 2020.
Resolution Total Votes Total Votes Total Votes
For * Against Withheld
**
1. To receive and adopt the Company's
financial statements and Directors'
and Auditors' reports for the 62,944,229
year ended 30 April 2020 (100.00%) 0 (0.00%) 50,000
------------ ---------------- ------------
2. To approve the Directors'
Remuneration Report for the year 59,079,535 3,858,832
ending 30 April 2020 (93.87%) (6.13%) 55,862
------------ ---------------- ------------
3. To elect Nick Wells as a director
of the Company. 62,938,367 0 (0.00%) 55,862
(100.00%)
------------ ---------------- ------------
4. To re-elect Andrew Doman as 62,803,353
a director of the Company. (99.79%) 135,014 (0.21%) 55,862
------------ ---------------- ------------
5. To re-elect Vivienne Maclachlan 62,802,868
as a director of the Company. (99.79%) 134,414 (0.21%) 56,947
------------ ---------------- ------------
62,933,767
6. To appoint BDO LLP as auditors (99.99%) 4,600 (0.01%) 55,862
------------ ---------------- ------------
7. To authorise the Directors 62,931,289
to set the auditors' remuneration (99.99%) 7,078 (0.01%) 55,862
------------ ---------------- ------------
62,931,244
8. Authority to allot shares (100.00%) 3,123 (0.00%) 59,862
------------ ---------------- ------------
9. General authority to disapply 62,924,244
pre-emption rights (special resolution) (99.98%) 14,123 (0.02%) 55,862
------------ ---------------- ------------
10. Additional authority to disapply
pre-emption rights for purposes
of acquisitions or capital investments 62,924,244
(special resolution) (99.98%) 14,123 (0.02%) 55,862
------------ ---------------- ------------
11. Authority to purchase own 62,923,804
shares (special resolution) (99.98%) 14,563 (0.02%) 55,862
------------ ---------------- ------------
* 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, there were 126,154,982 shares in
issue, also being the total voting rights of the Company. 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
Andrew Lemonofides, Chief Executive Officer +44 20 7280 6980
Canaccord Genu ity Limited (Nominated
Adviser and Broker)
Simon Bridges
Andrew Potts +44 20 7523 8000
Tavistock Communications Financial PR
& IR
Heather Armstrong
Jos Simson
Katie Hopkins +44 20 7920 3150
About Tungsten Corporation plc
Tungsten Corporation (AIM: TUNG) is the world's largest,
compliant business transaction network. A leading global electronic
invoicing and purchase order transactions network; Tungsten's
mission is centred on enabling a touchless invoice process allowing
businesses around the globe to gain maximum value from their
invoice process.
Tungsten processes invoices for 74% of the FTSE 100 and 71% of
the Fortune 500. It enables suppliers to submit tax compliant
e-invoices in 50 countries, and last year processed transactions
worth GBP195bn for organisations such as Caesars Entertainment,
Computacenter, GlaxoSmithKline, Kraft Foods, Mohawk Industries,
Mondelēz International, Procter & Gamble, Shaw Industries,
Unilever and the US Federal Government.
Founded in 2000 and headquartered in London, Tungsten has
offices in the US, Bulgaria and Malaysia, employing over 300
people.
For more information, please visit our website:
https://www.tungsten-network.com/
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
RAGMFBITMTIBBTM
(END) Dow Jones Newswires
October 16, 2020 10:50 ET (14:50 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