Tungsten Corporation PLC Directorate Change (6783Y)
11 Settembre 2020 - 08:00AM
UK Regulatory
TIDMTUNG
RNS Number : 6783Y
Tungsten Corporation PLC
11 September 2020
TUNGSTEN CORPORATION PLC
("Tungsten" or the "Company")
DIRECTORATE CHANGE
Tungsten Corporation plc (AIM: TUNG), announces that Chris
Allen, Chief Financial Officer has asked to step down from the
Board and his role as CFO, with immediate effect, for personal
reasons. Chris is committed to ensuring a smooth handover to his
successor.
The Board would like to thank Chris for his contribution to
Tungsten and wish him all the best for the future.
As a result, Ian Kelly (currently Chief Commercial Officer) will
take on the role of Interim CFO with immediate effect.
The Board has begun a formal process to identify and appoint a
successor to Chris.
Andrew Lemonofides, CEO of Tungsten Corporation plc, stated:
"On behalf of the Board of Directors, I would like to thank
Chris for his valuable contribution during his short tenure as CFO,
at a time of significant transformation. Chris leaves the Board and
Company with our very best wishes."
Enquiries
Tungsten Corporation plc
Andrew Lemonofides, Chief Executive 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 50 countries, and last year processed transactions
worth GBP195bn 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 300
people.
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.
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No 596/2014. Upon the publication of this
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END
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