17 Feb 2016 17:10
TUNGSTEN CORPORATION PLC
("Tungsten" or the "Company")
17 February 2016
Director's Shareholding
The Company was informed on 17 February 2016 that on 16 February 2016, Nicholas Parker, Chairman, purchased 50,000 ordinary shares at a price of 65.27p per share into his SIPP. Accordingly, Mr Parker now has a total beneficial interest in 300,000 ordinary shares, representing 0.2% of the total voting rights of the Company.
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.