23 Sep 2020 07:00
TUNGSTEN CORPORATION PLC
("Tungsten" or the "Company")
23 September 2020
Block Listing Application
Tungsten Corporation plc (AIM: TUNG) today announces that an application has been made to the London Stock Exchange for a block listing of 560,000 ordinary shares of 0.438 pence each in the Company (the "Ordinary Shares").
These Ordinary Shares will be issued from time to time in order to satisfy the requirement to allot shares under the Tungsten Corporation plc Deferred Share Bonus Plan ("the Plan").
It is expected that admission will become effective on 24 September 2020. The Ordinary Shares under the block listing will rank pari passu with the Company's existing Ordinary Shares.
Enquiries
Tungsten Corporation plc Andrew Lemonofides, Chief Executive Officer | +44 20 7280 6980
|
Canaccord Genuity Limited (Nominated Adviser and Broker) Simon Bridges Andrew Potts
| +44 20 7523 8000
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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 £195bn 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/
Forward looking statements
This document contains forward-looking statements that may or may not prove accurate. For example, statements regarding expected revenue growth and trading margins, market trends and our product pipeline are forward-looking statements. Phrases such as "aim", "plan", "intend", "anticipate", "well-placed", "believe", "estimate", "expect", "target", "consider" and similar expressions are generally intended to identify forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from what is expressed or implied by the statements. Any forward-looking statement is based on information available to Tungsten as of the date of this statement. All written or oral forward-looking statements attributable to Tungsten are qualified by this caution. Tungsten does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances or in Tungsten's expectations