TIDMTUNG

RNS Number : 4006F

Tungsten Corporation PLC

27 July 2016

27 July 2016

Tungsten Corporation plc (the "Company")

Grant of Share Options

Tungsten Corporation plc announces that on 26 July 2016 ("Grant Date") it has granted share options to various employees across the business. Options over a total of 1,112,906 Ordinary Shares, each with an exercise price of 43.45p per share (being the average closing share price on the five days prior to the Grant Date) have been granted under the terms of the UK Share Option Plan and the US Stock Option Plan. These options will vest annually, in equal proportions, over a period of four years.

As part of these grants, Tungsten has made awards to Directors and PDMRs as follows:

Notification of dealings in shares of Tungsten Corporation plc by Directors and/or other PDMR's of the Company.

 
1.   Details of the person discharging managerial responsibilities / person 
      closely associated 
---  -------------------------------------------------------------------------------------------------------------- 
(a)   Name                                                                    Mr Richard Hurwitz 
---  ----------------------------------------------------------------------  -------------------------------------- 
2.    Reason for the notification 
---  -------------------------------------------------------------------------------------------------------------- 
(b)   Position /                                                              Chief Executive Officer 
       status 
---  ----------------------------------------------------------------------  -------------------------------------- 
(c)   Initial notification                                                    Initial notification 
       / amendment 
---  ----------------------------------------------------------------------  -------------------------------------- 
3.    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------------------------------------------------------------- 
(a)   Name                                                                    Tungsten Corporation plc 
---  ----------------------------------------------------------------------  -------------------------------------- 
(b)   LEI                                                                     N/A 
---  ----------------------------------------------------------------------  -------------------------------------- 
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                                                             Grant of share options to acquire 
       of the financial                                                       ordinary shares of 0.438 pence per 
       instrument,                                                            share under the US Stock Option 
       type of instrument                                                     Plan 
       Identification 
       code 
---  ----------------------------------------------------------------------  -------------------------------------- 
(b)   Nature of                                                               Grant of share options under the 
       the transaction                                                         US Stock Option Plan 
---  ----------------------------------------------------------------------  -------------------------------------- 
(c)   Price(s) and                                                             Price(s)          Volume(s) 
       volume(s)                                                               ----------------  ---------- 
                                                                                Exercise price 
                                                                                 = 43.45p         200,000 
                                                                               ----------------  ---------- 
---  ----------------------------------------------------------------------  -------------------------------------- 
(d)   Aggregated                                                             Exercise Price: 43.45p 
       information 
       Aggregated                                                             Volume: 200,000 
       volume Price 
---  ----------------------------------------------------------------------  -------------------------------------- 
(e)   Date of the                                                            2016-07-26 GMT 
       transaction 
---  ----------------------------------------------------------------------  -------------------------------------- 
(f)   Place of the                                                           Outside a trading venue 
       transaction 
---  ----------------------------------------------------------------------  -------------------------------------- 
 
 
 
1.   Details of the person discharging managerial responsibilities / person 
      closely associated 
---  -------------------------------------------------------------------------------------------------------------- 
(a)   Name                                                                    Mr David Williams 
---  ----------------------------------------------------------------------  -------------------------------------- 
2.    Reason for the notification 
---  -------------------------------------------------------------------------------------------------------------- 
(b)   Position /                                                              Chief Financial Officer 
       status 
---  ----------------------------------------------------------------------  -------------------------------------- 
(c)   Initial notification                                                    Initial notification 
       / amendment 
---  ----------------------------------------------------------------------  -------------------------------------- 
3.    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------------------------------------------------------------- 
(a)   Name                                                                    Tungsten Corporation plc 
---  ----------------------------------------------------------------------  -------------------------------------- 
(b)   LEI                                                                     N/A 
---  ----------------------------------------------------------------------  -------------------------------------- 
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 
---  -------------------------------------------------------------------------------------------------------------- 
(d)   Description                                                             Grant of share options to acquire 
       of the financial                                                       ordinary shares of 0.438 pence per 
       instrument,                                                            share under the UK Share Option 
       type of instrument                                                     Scheme 
       Identification 
       code 
---  ----------------------------------------------------------------------  -------------------------------------- 
(e)   Nature of                                                               Grant of share options under the 
       the transaction                                                         UK Share Option Scheme 
---  ----------------------------------------------------------------------  -------------------------------------- 
(f)   Price(s) and                                                             Price(s)          Volume(s) 
       volume(s)                                                               ----------------  ---------- 
                                                                                Exercise price 
                                                                                 = 43.45p         80,000 
                                                                               ----------------  ---------- 
---  ----------------------------------------------------------------------  -------------------------------------- 
(g)   Aggregated                                                             Exercise Price: 43.45p 
       information 
       Aggregated                                                             Volume: 80,000 
       volume Price 
---  ----------------------------------------------------------------------  -------------------------------------- 
(h)   Date of the                                                            2016-07-26 GMT 
       transaction 
---  ----------------------------------------------------------------------  -------------------------------------- 
(i)   Place of the                                                           Outside a trading venue 
       transaction 
---  ----------------------------------------------------------------------  -------------------------------------- 
 
 
 
1.   Details of the person discharging managerial responsibilities / person 
      closely associated 
---  ---------------------------------------------------------------------------------------------------------------- 
(a)   Name                                                                    Mr Patrick Clark 
---  ----------------------------------------------------------------------  ---------------------------------------- 
2.    Reason for the notification 
---  ---------------------------------------------------------------------------------------------------------------- 
(b)   Position /                                                              General Counsel and Company Secretary 
       status 
---  ----------------------------------------------------------------------  ---------------------------------------- 
(c)   Initial notification                                                    Initial notification 
       / amendment 
---  ----------------------------------------------------------------------  ---------------------------------------- 
3.    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------------------------------------------------------------- 
(a)   Name                                                                    Tungsten Corporation plc 
---  ----------------------------------------------------------------------  ---------------------------------------- 
(b)   LEI                                                                     N/A 
---  ----------------------------------------------------------------------  ---------------------------------------- 
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 
---  ---------------------------------------------------------------------------------------------------------------- 
(d)   Description                                                             Grant of share options to acquire 
       of the financial                                                        ordinary shares of 0.438 pence per 
       instrument,                                                             share under the UK Share Option 
       type of instrument                                                      Scheme 
       Identification 
       code 
---  ----------------------------------------------------------------------  ---------------------------------------- 
(e)   Nature of                                                               Grant of share options under the 
       the transaction                                                         UK Share Option Scheme 
---  ----------------------------------------------------------------------  ---------------------------------------- 
(f)   Price(s) and                                                             Price(s)          Volume(s) 
       volume(s)                                                               ----------------  ---------- 
                                                                                Exercise price 
                                                                                 = 43.45p         30,000 
                                                                               ----------------  ---------- 
---  ----------------------------------------------------------------------  ---------------------------------------- 
(g)   Aggregated                                                             Exercise Price: 43.45p 
       information 
       Aggregated                                                             Volume: 30,000 
       volume Price 
---  ----------------------------------------------------------------------  ---------------------------------------- 
(h)   Date of the                                                            2016-07-26 GMT 
       transaction 
---  ----------------------------------------------------------------------  ---------------------------------------- 
(i)   Place of the                                                           Outside a trading venue 
       transaction 
---  ----------------------------------------------------------------------  ---------------------------------------- 
 

Name of authorised official of issuer responsible for making notification:

Patrick Clark

Company Secretary to Tungsten Corporation plc

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 27, 2016 07:00 ET (11:00 GMT)

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