Tungsten Corporation PLC Result of AGM (3804C)

TIDMTUNG

RNS Number : 3804C

Tungsten Corporation PLC

16 October 2020

TUNGSTEN CORPORATION PLC

("Tungsten" or the "Company")

16 October 2020

For Immediate Release

Result of AGM

The Company announces the outcome of votes cast by means of a poll in respect of the resolutions put to the Annual General Meeting held at 3.00 pm on Friday 16 October 2020. The table below gives details of the results of the poll in respect of the ordinary resolutions (resolutions 1 to 8) and special resolutions (resolutions 9 to 11) set out in the Company's notice of AGM dated 22 September 2020.

 
                 Resolution                   Total Votes     Total Votes     Total Votes 
                                                 For *          Against         Withheld 
                                                                                   ** 
  1. To receive and adopt the Company's 
   financial statements and Directors' 
   and Auditors' reports for the              62,944,229 
   year ended 30 April 2020                    (100.00%)       0 (0.00%)        50,000 
                                             ------------  ----------------  ------------ 
  2. To approve the Directors' 
   Remuneration Report for the year           59,079,535       3,858,832 
   ending 30 April 2020                         (93.87%)        (6.13%)         55,862 
                                             ------------  ----------------  ------------ 
  3. To elect Nick Wells as a director 
   of the Company.                            62,938,367       0 (0.00%)        55,862 
                                               (100.00%) 
                                             ------------  ----------------  ------------ 
  4. To re-elect Andrew Doman as              62,803,353 
   a director of the Company.                   (99.79%)    135,014 (0.21%)     55,862 
                                             ------------  ----------------  ------------ 
  5. To re-elect Vivienne Maclachlan          62,802,868 
   as a director of the Company.                (99.79%)    134,414 (0.21%)     56,947 
                                             ------------  ----------------  ------------ 
                                              62,933,767 
  6. To appoint BDO LLP as auditors             (99.99%)     4,600 (0.01%)      55,862 
                                             ------------  ----------------  ------------ 
  7. To authorise the Directors               62,931,289 
   to set the auditors' remuneration            (99.99%)     7,078 (0.01%)      55,862 
                                             ------------  ----------------  ------------ 
                                              62,931,244 
  8. Authority to allot shares                 (100.00%)     3,123 (0.00%)      59,862 
                                             ------------  ----------------  ------------ 
  9. General authority to disapply            62,924,244 
   pre-emption rights (special resolution)      (99.98%)    14,123 (0.02%)      55,862 
                                             ------------  ----------------  ------------ 
  10. Additional authority to disapply 
   pre-emption rights for purposes 
   of acquisitions or capital investments     62,924,244 
   (special resolution)                         (99.98%)    14,123 (0.02%)      55,862 
                                             ------------  ----------------  ------------ 
  11. Authority to purchase own               62,923,804 
   shares (special resolution)                  (99.98%)    14,563 (0.02%)      55,862 
                                             ------------  ----------------  ------------ 
 

* 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, there were 126,154,982 shares in issue, also being the total voting rights of the Company. 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 
  Andrew Lemonofides, Chief Executive Officer    [phone] 
 Canaccord Genu ity Limited (Nominated 
  Adviser and Broker) 
  Simon Bridges 
  Andrew Potts                                   [phone] 
 Tavistock Communications Financial PR 
  & IR 
  Heather Armstrong 
  Jos Simson 
  Katie Hopkins                                  [phone] 
 

About Tungsten Corporation plc

Tungsten Corporation (AIM: TUNG) is the world's largest, compliant business transaction network. A leading global electronic invoicing and purchase order transactions network; Tungsten's mission is centred on enabling a touchless invoice process allowing businesses around the globe to gain maximum value from their invoice process.

Tungsten processes invoices for 74% of the FTSE 100 and 71% of the Fortune 500. It enables suppliers to submit tax compliant e-invoices in 50 countries, and last year processed transactions worth GBP195bn for organisations such as Caesars Entertainment, Computacenter, GlaxoSmithKline, Kraft Foods, Mohawk Industries, Mondelēz International, Procter & Gamble, Shaw Industries, Unilever and the US Federal Government.

Founded in 2000 and headquartered in London, Tungsten has offices in the US, Bulgaria and Malaysia, employing over 300 people.

For more information, please visit our website: https://www.tungsten-network.com/

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October 16, 2020 10:50 ET (14:50 GMT)