4 Jul 2018 17:25
TUNGSTEN CORPORATION PLC
("Tungsten" or the "Company")
4 July 2018
Exercise of Options / Additional Listing
On 3 July 2018, the Company issued and allotted 18,750 ordinary shares of £0.00438 each ('Ordinary Shares') to a former employee following the exercise of options over Ordinary Shares at a price of £0.4345 per share pursuant to the Tungsten UK Share Option Scheme.
Application has been made to the London Stock Exchange for the admission of the 18,750 new Ordinary Shares to trading on AIM. It is expected that admission will become effective and dealings will commence in the new Ordinary Shares on or around 9 July 2018.
On admission, the Company will have 126,088,147 ordinary shares in issue with voting rights. The Company holds no shares in treasury. Therefore the total number of voting rights in the Company is 126,088,147 which may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.
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/Peter Steel | +44 20 7886 2500
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Canaccord Genuity Limited (Broker) Simon Bridges/Andrew Buchanan/Emma Gabriel | +44 20 7523 8000
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Neustria Partners Robert Bailhache/Nick Henderson/Charles Gorman [email] | +44 20 3021 2580
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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 e-invoicing and purchase order services platform that brings businesses and their supply chain closer together with unique technology that revolutionises invoice processing, maximises efficiency and improves cash flow management. Delivering trusted connections and streamlined transactions, the network also provides users with real-time spend analysis and offers customers access to financing through Tungsten Network Finance.
Tungsten Network processes invoices for 67% of the FTSE 100 and 76% of the Fortune 500. It enables tax compliant e-invoicing in 48 countries, and last year processed transactions worth over £160 billion for organisations such as Alliance Data, Cargill, Deutsche Lufthansa, General Motors, GlaxoSmithKline, Henkel, IBM, Kellogg's and the US Federal Government.
Trusted, passionate and proven, Tungsten is making the digitisation of global commerce faster, easier and smarter.