14 June 2021
Tungsten Corporation plc
("Tungsten" or the "Company")
Directorate Change / Reporting Timetable
The board of Tungsten Corporation PLC (AIM:TUNG), a leading provider of digital financial management products and software solutions, announces that Vivienne Maclachlan has resigned and will be stepping down from the board on 16 August 2021, following publication of the FY21 annual results, to focus on other commitments.
Tony Bromovsky, Chairman of Tungsten said, "On behalf of the Board, I would like to thank Viv for the significant contribution that she had made during her time on the Board and as Chair of the Audit Committee. We wish her all the best for her future endeavours."
Tungsten also announces that the Company's final results for the year ending 30 April 2021 will be published on 30 July 2021 and the Company's Annual General Meeting will be held on 15 October 2021. Further details in relation to the Annual General Meeting will be issued in due course.
Enquiries
| Tungsten Corporation plc Paul Cooper, Chief Executive Officer Ian Kelly, Chief Finance Officer
| +44 20 7280 6980
|
| Canaccord Genuity Limited (Broker and Nominated Adviser) Simon Bridges/Andrew Potts
| +44 20 7523 8000
|
| Tavistock Communications Financial PR & IR Heather Armstrong Jos Simson Katie Hopkins | +44 20 7920 3150 |
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 over £195bn 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.
Forward looking statements
This document contains forward-looking statements that may or may not prove accurate. For example, statements regarding expected revenue growth and trading margins, market trends and our product pipeline are forward-looking statements. Phrases such as "aim", "plan", "intend", "anticipate", "well-placed", "believe", "estimate", "expect", "target", "consider" and similar expressions are generally intended to identify forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from what is expressed or implied by the statements. Any forward-looking statement is based on information available to Tungsten as of the date of this statement. All written or oral forward-looking statements attributable to Tungsten are qualified by this caution. Tungsten does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances or in Tungsten's expectations.
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