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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 Apr 2019 to Apr 2024
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"):
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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
DSHLLFSEARIIFIA
(END) Dow Jones Newswires
September 20, 2019 11:49 ET (15:49 GMT)
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