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| 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 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jul 2019 to Jul 2024
TIDMTUNG
RNS Number : 5449S
Tungsten Corporation PLC
22 December 2016
TUNGSTEN CORPORATION PLC
("Tungsten" or the "Company")
For Immediate Release
22 December 2016
Tungsten Completes Sale of Tungsten Bank
Tungsten Corporation plc (LSE: TUNG), the global e-invoicing, purchase order services, analytics and financing company, announces that the sale of Tungsten Bank plc, now renamed Wyelands Bank plc (the "Bank") completed on 21 December 2016.
In completing the disposal of the Bank to Wyelands Holdings Limited, Tungsten received GBP25.0 million in cash which, together with GBP4.6 million of cash already received in connection with the disposal, amounts to an aggregate cash consideration for the business of GBP29.6 million.
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 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
DISTBBLTMBITBRF
(END) Dow Jones Newswires
December 22, 2016 02:00 ET (07:00 GMT)
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