Tungsten Corporation PLC Exercise of Options / Additional Listing (6449T)
July 04 2018 - 12:25PM
UK Regulatory
TIDMTUNG
RNS Number : 6449T
Tungsten Corporation PLC
04 July 2018
TUNGSTEN CORPORATION PLC
("Tungsten" or the "Company")
4 July 2018
Exercise of Options / Additional Listing
On 3 July 2018, the Company issued and allotted 18,750 ordinary
shares of GBP0.00438 each ('Ordinary Shares') to a former employee
following the exercise of options over Ordinary Shares at a price
of GBP0.4345 per share pursuant to the Tungsten UK Share Option
Scheme.
Application has been made to the London Stock Exchange for the
admission of the 18,750 new Ordinary Shares to trading on AIM. It
is expected that admission will become effective and dealings will
commence in the new Ordinary Shares on or around 9 July 2018.
On admission, the Company will have 126,088,147 ordinary shares
in issue with voting rights. The Company holds no shares in
treasury. Therefore the total number of voting rights in the
Company is 126,088,147 which may be used by shareholders as the
denominator for the calculations by which they determine if they
are required to notify their interest in, or a change to their
interest in, the Company under the Disclosure and Transparency
Rules.
Enquiries:
Tungsten Corporation plc
Richard Hurwitz, Chief Executive Officer
David Williams, Chief Financial Officer +44 20 7280 7713
Panmure Gordon (Nominated Advisor)
Dominic Morley/Peter Steel +44 20 7886 2500
Canaccord Genuity Limited (Broker)
Simon Bridges/Andrew Buchanan/Emma Gabriel +44 20 7523 8000
Neustria Partners
Robert Bailhache/Nick Henderson/Charles
Gorman [email] +44 20 3021 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 supply chain
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 customers access to financing through Tungsten Network
Finance.
Tungsten Network processes invoices for 67% of the FTSE 100 and
76% of the Fortune 500. It enables tax compliant e-invoicing in 48
countries, and last year processed transactions worth over GBP160
billion 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 faster, easier and smarter.
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END
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