Tungsten Corporation PLC Appointment of Non Executive Director (2520I)
31 Marzo 2020 - 2:40PM
UK Regulatory
TIDMTUNG
RNS Number : 2520I
Tungsten Corporation PLC
31 March 2020
TUNGSTEN CORPORATION PLC
("Tungsten" or the "Company")
31 March 2020
Appointment of Non Executive Director
Tungsten Corporation (AIM: TUNG) today announces that it has
appointed Nicholas Wells to the board of directors of the Company
as a non executive director with immediate effect.
Nick has over 30 years' experience of investment banking, and is
Co-head of Corporate Finance at Cenkos Securities which he joined
in 2005. Prior to joining Cenkos Securities, he was, for five
years, Global Head of M&A at WestLB. Nick is also a Chartered
Accountant and qualified in 1979.
Further details in respect of Nicholas Wells, as required
pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for
Companies, are as set out below.
Enquiries
Tungsten Corporation plc
Andrew Lemonofides, Chief Executive
Officer +44 20 7280 6980
Canaccord Genuity Limited (Nominated
Adviser & Broker)
Simon Bridges/ Andrew Potts +44 20 7523 8000
About Tungsten Corporation plc
Tungsten Corporation (AIM: TUNG) aims to be the leading global
electronic invoicing and purchase order transactions network.
Digital invoicing processes enable large businesses to reduce
costs and effectively manage their businesses. They can improve
business agility by creating scalable and repeatable growth
processes, managing their cash effectively and making better
decisions based on a comprehensive analysis of their data.
Tungsten Network processes invoices for 74 percent of the FTSE
100 and 71 percent of the Fortune 500. It enables suppliers to
submit tax compliant e-invoices in 50 countries, and last year
processed transactions worth over GBP173bn for organisations such
as Caesars Entertainment, Computacenter, GlaxoSmithKline, Kraft
Foods, Mohawk Industries, Mondelēz International, Procter &
Gamble, Shaw Industries, Unilever and the US Federal
Government.
Forward looking statements
This document contains forward-looking statements that may or
may not prove accurate. For example, statements regarding expected
revenue growth and trading margins, market trends and our product
pipeline are forward-looking statements. Phrases such as "aim",
"plan", "intend", "anticipate", "well-placed", "believe",
"estimate", "expect", "target", "consider" and similar expressions
are generally intended to identify forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other important factors that could cause actual
results to differ materially from what is expressed or implied by
the statements. Any forward-looking statement is based on
information available to Tungsten as of the date of this statement.
All written or oral forward-looking statements attributable to
Tungsten are qualified by this caution. Tungsten does not undertake
any obligation to update or revise any forward-looking statement to
reflect any change in circumstances or in Tungsten's
expectations
Additional Information
Nicholas Weston Wells, age 65, is currently or has been a
director of the following companies within the past five years:
Current Directorships Previous directorships
None Cenkos Securities plc
Green Biofuels Limited
The Company is required to make the following statement in
accordance with Schedule Two paragraph (g) (viii) of the AIM Rules
for Companies:
In July 1989, Mr Wells was criticised in the Department of Trade
& Industry report into County Natwest's activities regarding
the Blue Arrow rights issue in 1987. Mr Wells was subject to a
criminal prosecution but was acquitted of all charges.
There are no further disclosures required in accordance with AIM
Rule 17 and Schedule Two paragraph (g) of the AIM Rules for
Companies.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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