Tungsten Corporation PLC Result of AGM

Data : 19/09/2019 @ 15:55
Fonte : UK Regulatory (RNS & others)
Titolo : Tungsten Corporation Plc (TUNG)
Quotazione : 43.0  0.6 (1.42%) @ 17:35
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Tungsten Corporation PLC Result of AGM

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RNS Number : 0097N

Tungsten Corporation PLC

19 September 2019

TUNGSTEN CORPORATION PLC

("Tungsten" or the "Company")

19 September 2019

Result of AGM

The Company announces the outcome of votes cast by means of a poll in respect of the resolutions put to the Annual General Meeting held at 10 am on 19 September 2019. The table below gives details of the results of the poll in respect of the ordinary resolutions (resolutions 1 to 9) and special resolutions (resolutions 10 to 12) set out in the Company's notice of AGM dated 16 August 2019.

 
                 Resolution                   Total Votes    Total Votes     Total Votes 
                                                 For *         Against*        Withheld 
                                                                                  ** 
  1. To receive and adopt the Company's 
   financial statements and Directors' 
   and Auditors' reports for the              65,455,856 
   year ended 30 April 2019                    (100.00%)      0 (0.00%)        56,000 
                                             ------------  ---------------  ------------ 
  2. To approve the Directors' 
   Remuneration Report for the year           56,150,813      9,305,043 
   ending 30 April 2019                         (85.78%)       (14.22%)        56,000 
                                             ------------  ---------------  ------------ 
  3. To elect Andrew Doman as a               65,435,994 
   Director of the Company                     (100.00%)      0 (0.00%)        75,862 
                                             ------------  ---------------  ------------ 
  4. To elect Andrew Lemonofides              65,449,994 
   as a Director of the Company                (100.00%)      0 (0.00%)        61,862 
                                             ------------  ---------------  ------------ 
  5. To elect Vivienne Maclachlan             65,435,994 
   as a Director of the Company                (100.00%)      0 (0.00%)        75,862 
                                             ------------  ---------------  ------------ 
  6. To re-elect David Williams               65,448,949 
   as a Director of the Company                (100.00%)    1,045 (0.00%)      61,862 
                                             ------------  ---------------  ------------ 
                                              65,449,994 
  7. To appoint BDO LLP as auditors             (99.99%)    5,862 (0.01%)      56,000 
                                             ------------  ---------------  ------------ 
  8. To authorise the Directors               61,742,844      3,713,012 
   to set the auditors' remuneration            (94.33%)        (5.67%)        56,000 
                                             ------------  ---------------  ------------ 
                                              65,455,211 
  9. Authority to allot shares                 (100.00%)     645 (0.00%)       56,000 
                                             ------------  ---------------  ------------ 
  10. General authority to disapply           65,435,767 
   pre-emption rights (special resolution)     (100.00%)     645 (0.00%)       75,444 
                                             ------------  ---------------  ------------ 
  11. Additional authority to disapply 
   pre-emption rights for purposes 
   of acquisitions or capital investments     65,435,767 
   (special resolution)                        (100.00%)     645 (0.00%)       75,444 
                                             ------------  ---------------  ------------ 
  12. Authority to purchase own               65,440,421 
   shares (special resolution)                  (99.98%)    15,435 (0.02%)     56,000 
                                             ------------  ---------------  ------------ 
 

* Includes discretionary votes.

** A vote withheld is not treated as a vote in law and would not be counted in the calculation of the proportion of the votes cast for or against a resolution

Defined terms used in this announcement shall have the meanings set out in the AGM Notice.

As at the date of the AGM, there were 126,088,147 shares in issue, also being the total voting rights of the Company. The Company's Articles of Association set out that every member who is present in person or by proxy shall have one vote for every share of which he is the holder on a poll. The scrutineer of the poll was Equiniti Limited.

Enquiries

 
 Tungsten Corporation plc 
  Tony Bromovsky, Executive Chairman 
  Andrew Lemonofides, Chief Executive 
  Officer 
  David Williams, Chief Financial Officer       +44 20 7280 7713 
 
 Panmure Gordon UK Limited (Nominated 
  Advisor) 
  Dominic Morley                              +44 20 7886 2500 
 Canaccord Genuity Limited (Broker) 
  Simon Bridges                               +44 20 7523 8000 
 

About Tungsten Corporation plc

Tungsten Corporation (LSE: 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.

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

RAGUKSORKWAKAAR

(END) Dow Jones Newswires

September 19, 2019 09:55 ET (13:55 GMT)

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