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TUNG Tungsten Corporation Plc

54.60
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tungsten Corporation Plc LSE:TUNG London Ordinary Share GB00B7Z0Q502 ORD 0.438P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 54.60 54.00 55.20 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Tungsten Corporation PLC Result of AGM (9425Q)

15/09/2017 4:53pm

UK Regulatory


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TIDMTUNG

RNS Number : 9425Q

Tungsten Corporation PLC

15 September 2017

TUNGSTEN CORPORATION PLC

("Tungsten" or the "Company")

15 September 2017

For Immediate Release

Result of AGM

The Company announces that all the resolutions put to the Annual General Meeting held at 2pm on 15 September 2017 were passed by means of a poll. The ordinary resolutions (resolutions 1 to 6 and 10) and special resolutions (resolutions 7 to 9) set out in the Company's notice of AGM dated 21 July 2017 were passed. The table below gives details of the results of the poll.

 
 Resolution                                  Total         %      Total         %     Total 
                                              Votes                Votes               Votes 
                                              For *                Against*            Withheld 
                                                                                       ** 
------------------------------------------  -----------  ------  -----------  -----  ---------- 
  1. To receive the Company's 
   financial statements 
   and Directors' and auditor's 
   report for the year 
   ended 30 April 2017                       59,289,000   78.47   16,267,325  21.53           0 
------------------------------------------  -----------  ------  -----------  -----  ---------- 
  2. To re-elect David 
   Williams as a Director 
   of the Company                            75,542,568  100.00          645   0.00      13,112 
------------------------------------------  -----------  ------  -----------  -----  ---------- 
  3. To re-elect Ian Wheeler 
   as a Director of the 
   Company                                   75,533,783   99.99        8,345   0.01      14,197 
------------------------------------------  -----------  ------  -----------  -----  ---------- 
  4. To re-appoint PricewaterhouseCoopers 
   LLP as auditors                           74,544,873   98.68      997,255   1.32      14,197 
------------------------------------------  -----------  ------  -----------  -----  ---------- 
  5. To authorise the 
   Directors to set the 
   auditors' remuneration                    69,654,282   92.20    5,888,931   7.80      13,112 
------------------------------------------  -----------  ------  -----------  -----  ---------- 
  6. Authority to allot 
   shares                                    75,143,974   99.55      339,096   0.45      73,255 
------------------------------------------  -----------  ------  -----------  -----  ---------- 
  7. General authority 
   to disapply pre-emption 
   rights (special resolution)               63,678,404   84.36   11,804,666  15.64      73,255 
------------------------------------------  -----------  ------  -----------  -----  ---------- 
  8. Additional authority 
   to disapply pre-emption 
   rights for purposes 
   of acquisitions or capital 
   investments (special 
   resolution)                               63,678,404   84.36   11,804,666  15.64      73,255 
------------------------------------------  -----------  ------  -----------  -----  ---------- 
  9. Authority to purchase 
   own shares (special 
   resolution)                               75,139,534   99.54      343,536   0.46      73,255 
------------------------------------------  -----------  ------  -----------  -----  ---------- 
  10. Authority to make 
   political donations 
   and incur political 
   expenditure to a specified 
   limit                                     70,565,927   93.50    4,903,005   6.50      87,393 
------------------------------------------  -----------  ------  -----------  -----  ---------- 
 

* 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, the number of issued shares and total voting rights of the Company was 126,069,397 shares in issue. 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 
  Richard Hurwitz, Chief Executive 
  Officer 
  David Williams, Chief Financial               +44 20 7280 
  Officer                                       7713 
 
 Panmure Gordon (Nominated 
  Advisor)                                    +44 20 7886 
  Dominic Morley/Peter Steel                   2500 
 Canaccord Genuity Limited 
  (Broker) 
  Simon Bridges/Cameron Duncan/Emma           +44 20 7523 
  Gabriel                                      8000 
 Neustria Partners 
  Robert Bailhache/Nick Henderson/Charles     +44 20 3021 
  Gorman [email]                               2580 
 

About Tungsten Corporation plc

Tungsten Corporation (LSE: TUNG) aims to be the world's most trusted business transaction network by using data intelligently to strengthen the global supply chain.

Tungsten Network is a secure e-invoicing and purchase order services platform that brings businesses and their Suppliers closer together with unique technology that revolutionises invoice processing, maximises efficiency and improves cash flow management. Delivering trusted connections and streamlined transactions, the network also provides users with real-time spend analysis and offers Suppliers access to invoice financing through Tungsten Network Finance, a form of alternative finance for businesses.

Tungsten Network processes invoices for 70% of the FTSE 100 and 72% of the Fortune 500. It enables Suppliers to submit tax compliant e-invoices in 47 countries, and last year processed transactions worth over GBP133bn for organisations such as Alliance Data, Cargill, Deutsche Lufthansa, General Motors, GlaxoSmithKline, Henkel, IBM, Kellogg's and the US Federal Government.

Trusted, passionate and proven, Tungsten is making the digitisation of global commerce between Buyers and Suppliers faster, easier and smarter.

This information is provided by RNS

The company news service from the London Stock Exchange

END

RAGLAMATMBIBBIR

(END) Dow Jones Newswires

September 15, 2017 11:53 ET (15:53 GMT)

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