18 Feb 2016 14:24
TUNGSTEN CORPORATION PLC
("Tungsten" or the "Company")
18 February 2016
Directors' Shareholdings
Further to yesterday's announcement concerning the purchase of 50,000 ordinary shares ("Shares") by Nicholas Parker, Chairman, Tungsten confirms that it was informed on 18 February of further purchases by Mr Parker and on 27 January of purchases by David Williams, CFO, as follows:
Director | Dealing Date | Purchase Price | Number of Shares | Nature of Holding |
David Williams | 26 Jan 2016 | 62.3 pence | 1,605 | For son |
David Williams | 27 Jan 2016 | 63.03 pence | 793 | For son |
David Williams | 27 Jan 2016 | 62.28 pence | 802 | For son |
Nicholas Parker | 17 Feb 2016 | 64.0 pence | 25,000 |
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Nicholas Parker | 18 Feb 2016 | 68.0 pence | 25,000 |
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Accordingly, Mr Parker now has a total beneficial interest in 350,000 ordinary shares, representing 0.3% of the total voting rights of the Company. Mr Williams has a total beneficial interest in 3,200 ordinary shares, representing 0.003% of the total voting rights of the Company and options over 100,000 ordinary shares exercise price of 67.5p, representing 0.086% of the Company's issued share capital.
Enquiries:
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Tungsten Corporation plc Cynthia Alers, Head of Investor Relations | +44 20 7280 7872
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Panmure Gordon (Nominated Advisor) Fred Walsh/Dugald J. Carlean | +44 20 7886 2500
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Canaccord Genuity Limited (Broker) Simon Bridges/Emma Gabriel/Cameron Duncan
| +44 20 7523 8000 |
Neustria Partners Robert Bailhache/Nick Henderson/Charles Gorman | +44 20 3021 2580
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About Tungsten Corporation plcTungsten Corporation (LSE: TUNG) accelerates global trade by enabling customers to streamline invoice processing, improve cash-flow management and make better buying decisions from their detailed spend data.
Buyer organisations that join Tungsten Network, the world's largest compliant electronic invoicing network, can reduce their invoice-processing costs by 60%. Suppliers benefit from efficiencies, greater visibility of their invoice status and peace of mind. Tungsten offers options for supply chain financing and helps buying organisations profit by applying real-time spend analytics to its vast repository of line-level invoice data.
Tungsten serves 56% of the Fortune 500 and 67% of the FTSE 100 by connecting the world's largest companies and government agencies to their thousands of suppliers around the globe. 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.