TUNG Tungsten Corporation Plc

TIDMTUNG

RNS Number : 0653M

Tungsten Corporation PLC

16 September 2021

16 September 2021

Tungsten Corporation plc

("Tungsten" or the "Company")

Director Appointment

Further to the announcement dated 9 June 2021, the board of Tungsten Corporation plc (AIM:TUNG) (the "Board"), a leading provider of digital financial management products and software solutions, is pleased to announce that Paul Cooper has today been appointed to the Board with immediate effect.

All details previously disclosed on 9 June 2021 for the purposes of schedule 2(g) of the AIM Rules for Companies in relation to Paul Cooper remain the same.

Tony Bromovsky, Chairman of Tungsten said, "On behalf of the Board, I am pleased to confirm Paul Cooper's appointment to the Board. He has made an excellent start in his first few months as Tungsten's Chief Executive Officer, and I look forward to working with him in his new capacity as a member of the Tungsten Board."

Enquiries

 
 Tungsten Corporation plc 
  Paul Cooper, Chief Executive Officer 
  Ian Kelly, Chief Finance Officer                  +44 20 7280 6980 
 Canaccord Genuity Limited (Broker and Nominated 
  Adviser) 
  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 54 countries, and last year processed transactions worth over GBP220 billion 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 227 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.

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September 16, 2021 12:03 ET (16:03 GMT)

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