21 Mar 2016 07:00
TUNGSTEN CORPORATION PLC
("Tungsten", the "Company" or "Group")
21 March 2016
For Immediate Release
Change to the Board of Directors
The Board of Tungsten Corporation PLC ("Tungsten") announces that Mr. Edmund Truell has stepped down from the Board with immediate effect.
Nick Parker, Chairman of Tungsten, said, "The Board of Tungsten would like to thank Edi for his significant contribution to the creation of Tungsten."
Enquiries:
Tungsten Corporation plc. Richard Hurwitz, Chief Executive Officer David Williams, Chief Financial Officer Cynthia Alers, Head of Investor Relations | +44 (0)7469 144 546
| |
Panmure Gordon (Nominated Advisor) Fred Walsh/Peter Steel | +44 (0)20 7886 2500
| |
Canaccord Genuity Limited (Broker) Simon Bridges/Cameron Duncan/Emma Gabriel |
+44 (0)20 7523 8000 | |
Neustria Partners (Investors and Analysts) Robert Bailhache/Nick Henderson/Charles Gorman |
+44 (0)20 3021 2580 | |
About Tungsten Corporation plcTungsten 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 platform that brings businesses and their suppliers closer together with unique technology that revolutionises invoice processing, maximises efficiency and improves cashflow management. The network also provides users with real-time spend analysis through Tungsten Analytics, and offers access to Tungsten Early Payment, a form of alternative finance for businesses.
Tungsten serves 56% of the Fortune 500 and 67% of the FTSE 100. It enables suppliers to submit tax compliant e-invoices in 47 countries, and last year processed transactions worth over $187bn for organisations such as Alliance Data, Aviva, Cargill, Deutsche Lufthansa, General Motors, GlaxoSmithKline, Henkel, IBM, Kellogg's and the US Federal Government.