Tungsten Corporation PLC Director/PDMR Shareholding (5012P)

TIDMTUNG

RNS Number : 5012P

Tungsten Corporation PLC

18 February 2016

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    Purchase       Number of   Nature of 
                    Date       Price          Shares      Holding 
----------------  ---------  -------------  ----------  ---------- 
 David Williams    26 Jan     62.3 pence     1,605       For son 
                    2016 
----------------  ---------  -------------  ----------  ---------- 
 David Williams    27 Jan     63.03 pence    793         For son 
                    2016 
----------------  ---------  -------------  ----------  ---------- 
 David Williams    27 Jan     62.28 pence    802         For son 
                    2016 
----------------  ---------  -------------  ----------  ---------- 
 Nicholas          17 Feb 
  Parker            2016      64.0 pence     25,000 
----------------  ---------  -------------  ----------  ---------- 
 Nicholas          18 Feb 
  Parker            2016      68.0 pence     25,000 
----------------  ---------  -------------  ----------  ----------

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: 
 Tungsten Corporation plc 
  Cynthia Alers, Head of Investor 
  Relations                                  +44 20 7280 7872 
 Panmure Gordon (Nominated 
  Advisor) 
  Fred Walsh/Dugald J. Carlean               +44 20 7886 2500 
 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

About Tungsten Corporation plc

Tungsten 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.

This information is provided by RNS

The company news service from the London Stock Exchange

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February 18, 2016 09:24 ET (14:24 GMT)

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