Tungsten Corporation PLC Result of AGM (9425Q)
September 15 2017 - 11:53AM
UK Regulatory
TIDMTUNG
RNS Number : 9425Q
Tungsten Corporation PLC
15 September 2017
TUNGSTEN CORPORATION PLC
("Tungsten" or the "Company")
15 September 2017
For Immediate Release
Result of AGM
The Company announces that all the resolutions put to the Annual
General Meeting held at 2pm on 15 September 2017 were passed by
means of a poll. The ordinary resolutions (resolutions 1 to 6 and
10) and special resolutions (resolutions 7 to 9) set out in the
Company's notice of AGM dated 21 July 2017 were passed. The table
below gives details of the results of the poll.
Resolution Total % Total % Total
Votes Votes Votes
For * Against* Withheld
**
------------------------------------------ ----------- ------ ----------- ----- ----------
1. To receive the Company's
financial statements
and Directors' and auditor's
report for the year
ended 30 April 2017 59,289,000 78.47 16,267,325 21.53 0
------------------------------------------ ----------- ------ ----------- ----- ----------
2. To re-elect David
Williams as a Director
of the Company 75,542,568 100.00 645 0.00 13,112
------------------------------------------ ----------- ------ ----------- ----- ----------
3. To re-elect Ian Wheeler
as a Director of the
Company 75,533,783 99.99 8,345 0.01 14,197
------------------------------------------ ----------- ------ ----------- ----- ----------
4. To re-appoint PricewaterhouseCoopers
LLP as auditors 74,544,873 98.68 997,255 1.32 14,197
------------------------------------------ ----------- ------ ----------- ----- ----------
5. To authorise the
Directors to set the
auditors' remuneration 69,654,282 92.20 5,888,931 7.80 13,112
------------------------------------------ ----------- ------ ----------- ----- ----------
6. Authority to allot
shares 75,143,974 99.55 339,096 0.45 73,255
------------------------------------------ ----------- ------ ----------- ----- ----------
7. General authority
to disapply pre-emption
rights (special resolution) 63,678,404 84.36 11,804,666 15.64 73,255
------------------------------------------ ----------- ------ ----------- ----- ----------
8. Additional authority
to disapply pre-emption
rights for purposes
of acquisitions or capital
investments (special
resolution) 63,678,404 84.36 11,804,666 15.64 73,255
------------------------------------------ ----------- ------ ----------- ----- ----------
9. Authority to purchase
own shares (special
resolution) 75,139,534 99.54 343,536 0.46 73,255
------------------------------------------ ----------- ------ ----------- ----- ----------
10. Authority to make
political donations
and incur political
expenditure to a specified
limit 70,565,927 93.50 4,903,005 6.50 87,393
------------------------------------------ ----------- ------ ----------- ----- ----------
* 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
Dominic Morley/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 [email] 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, 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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