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
  -1.30 -2.85% 44.30 43.00 45.60 0.00 0.00 0.00 6,000 16:35:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 36.0 -5.3 -2.7 - 56

Tungsten Corporation PLC Director/PDMR Shareholding

20/09/2019 4:49pm

UK Regulatory (RNS & others)


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TIDMTUNG

RNS Number : 1850N

Tungsten Corporation PLC

20 September 2019

TUNGSTEN CORPORATION PLC

("Tungsten" or the "Company")

20 September 2019

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.

On 19(th) September 2019, the following awards over ordinary shares of 0.438 pence each in Tungsten Corporation Plc were granted under the Tungsten Corporation Plc Long Term Incentive Plan to the following person(s) discharging managerial responsibilities (each a "PDMR"):

 
 PDMR                  No. of shares under Award 
 Andrew Lemonofides    531,632 
                      -------------------------- 
 David Williams        478,469 
                      -------------------------- 
 Patrick Clark         193,666 
                      -------------------------- 
 

The above LTIP awards were granted as nominal cost options which will ordinarily become exercisable on 19(th) September 2022 subject to satisfaction of performance conditions in relation to revenue growth, EBITDA growth and increase in share price over three financial years, and also to the grantee's continued service with the Tungsten group.

In addition on the same date, the following award over ordinary shares of 0.438 pence each in Tungsten Corporation Plc was granted to the following PDMR:

 
 PDMR                  No. of shares under Award 
 Andrew Lemonofides    250,000 
                      -------------------------- 
 

The above award was granted as an exceptional award of nominal cost options granted on identical terms to an award under the Tungsten Corporation plc Deferred Share Bonus Plan. The award will vest over a two year period (50% vesting on the first anniversary of the date of grant, and the remaining 50% will vest on the second anniversary of the date of grant), subject to the grantee's continued service with the Tungsten group.

The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.

Details of the full notifications received by the Company are set out below.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Andrew Lemonofides 
     -------------------------------  ------------------------------------- 
 2    Reason for Notification 
     ---------------------------------------------------------------------- 
 a)   Position/status                  Chief Executive Officer 
     -------------------------------  ------------------------------------- 
 b)   Initial notification/Amendment   Initial Announcement 
     -------------------------------  ------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                             Tungsten Corporation Plc 
     -------------------------------  ------------------------------------- 
 b)   LEI                              213800KY57NETI1IJ428 
     -------------------------------  ------------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     ---------------------------------------------------------------------- 
 a)   Description of the financial     Ordinary Shares of 0.438 pence each 
       instrument, type of              in Tungsten Corporation Plc 
       instrument 
     -------------------------------  ------------------------------------- 
      Identification code              GB00B7Z0Q502 
     -------------------------------  ------------------------------------- 
 b)   Nature of the transaction        Grant of a nominal cost option award 
                                        under the Tungsten Corporation Plc 
                                        Long Term Incentive Plan. 
     -------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                         Nil         531,632 
                                                    ---------- 
     -------------------------------  ------------------------------------- 
 d)        Aggregated information      Not applicable - single transaction 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  ------------------------------------- 
 e)   Date of the transaction          19(th) September 2019 
     -------------------------------  ------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  ------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             David Williams 
     -------------------------------  ------------------------------------- 
 2    Reason for Notification 
     ---------------------------------------------------------------------- 
 a)   Position/status                  Chief Financial Officer 
     -------------------------------  ------------------------------------- 
 b)   Initial notification/Amendment   Initial Announcement 
     -------------------------------  ------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                             Tungsten Corporation Plc 
     -------------------------------  ------------------------------------- 
 b)   LEI                              213800KY57NETI1IJ428 
     -------------------------------  ------------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     ---------------------------------------------------------------------- 
 a)   Description of the financial     Ordinary Shares of 0.438 pence each 
       instrument, type of              in Tungsten Corporation Plc 
       instrument 
     -------------------------------  ------------------------------------- 
      Identification code              GB00B7Z0Q502 
     -------------------------------  ------------------------------------- 
 b)   Nature of the transaction        Grant of a nominal cost option award 
                                        under the Tungsten Corporation Plc 
                                        Long Term Incentive Plan. 
     -------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                         Nil         478,469 
                                                    ---------- 
     -------------------------------  ------------------------------------- 
 d)        Aggregated information      Not applicable - single transaction 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  ------------------------------------- 
 e)   Date of the transaction          19(th) September 2019 
     -------------------------------  ------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  ------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Patrick Clark 
     -------------------------------  -------------------------------------- 
 2    Reason for Notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                  General Counsel and Company Secretary 
     -------------------------------  -------------------------------------- 
 b)   Initial notification/Amendment   Initial Announcement 
     -------------------------------  -------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                             Tungsten Corporation Plc 
     -------------------------------  -------------------------------------- 
 b)   LEI                              213800KY57NETI1IJ428 
     -------------------------------  -------------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     ----------------------------------------------------------------------- 
 a)   Description of the financial     Ordinary Shares of 0.438 pence each 
       instrument, type of              in Tungsten Corporation Plc 
       instrument 
     -------------------------------  -------------------------------------- 
      Identification code              GB00B7Z0Q502 
     -------------------------------  -------------------------------------- 
 b)   Nature of the transaction        Grant of a nominal cost option award 
                                        under the Tungsten Corporation Plc 
                                        Long Term Incentive Plan. 
     -------------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                         Nil         193,666 
                                                    ---------- 
     -------------------------------  -------------------------------------- 
 d)        Aggregated information      Not applicable - single transaction 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  -------------------------------------- 
 e)   Date of the transaction          19(th) September 2019 
     -------------------------------  -------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  -------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Andrew Lemonofides 
     -------------------------------  -------------------------------------------- 
 2    Reason for Notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status                  Chief Executive Officer 
     -------------------------------  -------------------------------------------- 
 b)   Initial notification/Amendment   Initial Announcement 
     -------------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------- 
 a)   Name                             Tungsten Corporation Plc 
     -------------------------------  -------------------------------------------- 
 b)   LEI                              213800KY57NETI1IJ428 
     -------------------------------  -------------------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     ----------------------------------------------------------------------------- 
 a)   Description of the financial     Ordinary Shares of 0.438 pence each 
       instrument, type of              in Tungsten Corporation Plc 
       instrument 
     -------------------------------  -------------------------------------------- 
      Identification code              GB00B7Z0Q502 
     -------------------------------  -------------------------------------------- 
 b)   Nature of the transaction        Grant of a nominal cost option on identical 
                                        terms to an award under the Tungsten 
                                        Corporation plc Deferred Share Bonus 
                                        Plan. 
     -------------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                         Nil         250,000 
                                                    ---------- 
     -------------------------------  -------------------------------------------- 
 d)        Aggregated information      Not applicable - single transaction 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  -------------------------------------------- 
 e)   Date of the transaction          19(th) September 2019 
     -------------------------------  -------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  -------------------------------------------- 
 

Name of authorised official of issuer responsible for making notification:

Patrick Clark

Company Secretary to Tungsten Corporation plc

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

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September 20, 2019 11:49 ET (15:49 GMT)

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