11 Feb 2019 07:00
TUNGSTEN CORPORATION PLC
("Tungsten" or the "Company")
For Immediate Release
11 February 2019
New Non-Executive Director
Tungsten Corporation plc, the global business transaction network, is pleased to announce that Vivienne Maclachlan has been appointed to the Board as a non-executive director with immediate effect.
Vivienne is the Chief Financial Officer for Alfa Financial Software Holdings PLC. Prior to joining Alfa, Vivienne was a capital markets specialist for more than 12 years at PwC.
Commenting on the appointment, Tony Bromovsky, Chair of Tungsten said:
"On behalf of the Board I should like to welcome Viv to Tungsten. We are delighted to have attracted to Tungsten somebody of Viv's calibre, with her appointment demonstrating the confidence we have in building an exciting and successful future for Tungsten. Viv's energy and passion combined with her experience in the technology sector and in capital markets make her a welcome addition to the Board."
Enquiries:
Tungsten Corporation plc Richard Hurwitz, Chief Executive Officer David Williams, Chief Financial Officer
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+44 20 7280 7713
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Panmure Gordon (Nominated Advisor) Dominic Morley |
| +44 20 7886 2500
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Canaccord Genuity Limited (Broker) Simon Bridges/Emma Gabriel |
| +44 20 7523 8000
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Vivienne Maclachlan, age 40, is currently a director of the following companies:
Alfa Financial Software Group Limited Alfa Financial Software Limited Alfa Financial Software Holdings PLC
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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 £164bn for organisations such as Alliance Data, Cargill, Deutsche Lufthansa, General Motors, GlaxoSmithKline, Mondelēz International, Henkel, IBM, Kellogg's and the US Federal Government.