23 Aug 2021 07:00
23 August 2021
TUNGSTEN CORPORATION PLC
("Tungsten" or the "Company")
Director/PDMR Shareholdings
On 20 August 2021, the following awards over ordinary shares of 0.438 pence each in Tungsten Corporation Plc were granted under the Tungsten Corporation Plc Long Term Incentive Plan ("LTIP") to the following person(s) discharging managerial responsibilities (each a "PDMR"):
PDMR | No. of shares under Award |
Paul Cooper | 160,467 |
Ian Kelly | 281,350 |
Patrick Clark | 241,158 |
The above LTIP awards were granted as nominal cost options which will ordinarily become exercisable on 20 August 2024, subject to satisfaction of performance conditions and also to the grantee's continued service with Tungsten.
On the same date, the following awards over ordinary shares of 0.438 pence each in Tungsten Corporation Plc was granted under the Tungsten Corporation Plc Deferred Bonus Share Plan ("DSBP") to the following PDMRs:
PDMR | No. of shares under Award |
Ian Kelly | 53,382 |
Patrick Clark | 54,260 |
The above DSBP awards were made in recognition of performance in the Company's financial year running from 1 May 2020 to 30 April 2021, and will ordinarily vest on 20 August 2022 subject to the grantee's continued service with Tungsten.
The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.
Details of the full notifications received by the Company are set out below.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Paul Cooper | ||||
2 | Reason for Notification | |||||
a) | Position/status | Chief Executive Officer | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Tungsten Corporation Plc | ||||
b) | LEI | 213800KY57NETI1IJ428 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument | Ordinary Shares of 0.438 pence each in Tungsten Corporation Plc | ||||
Identification code | GB00B7Z0Q502 | |||||
b) | Nature of the transaction | Grant of a nominal cost option award under the Tungsten Corporation Plc Long Term Incentive Plan. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 20 August 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Ian Kelly | ||||
2 | Reason for Notification | |||||
a) | Position/status | Chief Financial Officer | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Tungsten Corporation Plc | ||||
b) | LEI | 213800KY57NETI1IJ428 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument | Ordinary Shares of 0.438 pence each in Tungsten Corporation Plc | ||||
Identification code | GB00B7Z0Q502 | |||||
b) | Nature of the transaction | Grant of a nominal cost option award under the Tungsten Corporation Plc Long Term Incentive Plan. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 20 August 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Patrick Clark | ||||
2 | Reason for Notification | |||||
a) | Position/status | General Counsel and Company Secretary | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Tungsten Corporation Plc | ||||
b) | LEI | 213800KY57NETI1IJ428 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument | Ordinary Shares of 0.438 pence each in Tungsten Corporation Plc | ||||
Identification code | GB00B7Z0Q502 | |||||
b) | Nature of the transaction | Grant of a nominal cost option award under the Tungsten Corporation Plc Long Term Incentive Plan. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 20 August 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Ian Kelly | ||||
2 | Reason for Notification | |||||
a) | Position/status | Chief Financial Officer | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Tungsten Corporation Plc | ||||
b) | LEI | 213800KY57NETI1IJ428 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument | Ordinary Shares of 0.438 pence each in Tungsten Corporation Plc | ||||
Identification code | GB00B7Z0Q502 | |||||
b) | Nature of the transaction | Grant of a nominal cost option on identical terms to an award under the Tungsten Corporation plc Deferred Share Bonus Plan. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 20 August 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
-------------------------------------------
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Patrick Clark | ||||
2 | Reason for Notification | |||||
a) | Position/status | General Counsel and Company Secretary | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Tungsten Corporation Plc | ||||
b) | LEI | 213800KY57NETI1IJ428 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument | Ordinary Shares of 0.438 pence each in Tungsten Corporation Plc | ||||
Identification code | GB00B7Z0Q502 | |||||
b) | Nature of the transaction | Grant of a nominal cost option on identical terms to an award under the Tungsten Corporation plc Deferred Share Bonus Plan. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 20 August 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Name of authorised official of issuer responsible for making notification:
Patrick Clark
Company Secretary to Tungsten Corporation plc
Enquiries:
Tungsten Corporation plc Paul Cooper, Chief Executive Officer Ian Kelly, Chief Financial Officer
| +44 20 7280 6980
| |
Canaccord Genuity Ltd (Nominated Advisor & Broker) Simon Bridges Andrew Potts
| +44 20 7523 8000
| |
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 54 countries, and last year processed transactions worth £220bn 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 200 people.