Tungsten Corporation PLC Grant of Options (5183H)

TIDMTUNG

RNS Number : 5183H

Tungsten Corporation PLC

01 August 2019

TUNGSTEN CORPORATION PLC

("Tungsten" or the "Company")

For Immediate Release

1 August 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 31(st) July 2019, the following awards over ordinary shares of 0.438 pence each in Tungsten Corporation Plc were granted under the Tungsten Corporation Plc Deferred Share Bonus Plan to the following person(s) discharging managerial responsibilities (each a "PDMR"):

 
 PDMR              No. of shares under Award 
 David Williams    51,867 
                  -------------------------- 
 Patrick Clark     22,633 
                  -------------------------- 
 

Each award was granted as a nominal cost option which will ordinarily become exercisable on 31(st) July 2020 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                             David Williams 
     -------------------------------  ------------------------------------- 
 2    Reason for Notification 
     ---------------------------------------------------------------------- 
 a)   Position/status                  Chief Financial Officer and Interim 
                                        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     Awards over Ordinary Shares of 0.438 
       instrument, type of              pence each in Tungsten Corporation 
       instrument                       Plc 
     -------------------------------  ------------------------------------- 
      Identification code              GB00B7Z0Q502 
     -------------------------------  ------------------------------------- 
 b)   Nature of the transaction        Grant of a nominal cost option award 
                                        under the Tungsten Corporation Plc 
                                        Deferred Share Bonus Plan. 
     -------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                         Nil         51,867 
                                                    ---------- 
     -------------------------------  ------------------------------------- 
 d)        Aggregated information      Not applicable - single transaction 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  ------------------------------------- 
 e)   Date of the transaction          31(st) July 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     Awards over Ordinary Shares of 0.438 
       instrument, type of              pence each in Tungsten Corporation 
       instrument                       Plc 
     -------------------------------  -------------------------------------- 
      Identification code              GB00B7Z0Q502 
     -------------------------------  -------------------------------------- 
 b)   Nature of the transaction        Grant of a nominal cost option award 
                                        under the Tungsten Corporation Plc 
                                        Deferred Share Bonus Plan. 
     -------------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                         Nil         22,633 
                                                    ---------- 
     -------------------------------  -------------------------------------- 
 d)        Aggregated information      Not applicable - single transaction 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  -------------------------------------- 
 e)   Date of the transaction          31(st) July 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 [e-mail] or visit www.rns.com.

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August 01, 2019 02:02 ET (06:02 GMT)