REG - Tungsten West PLC - Director Dealings

Tungsten WestAnnouncement

05/01/2026 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260105:nRSE6227Na&default-theme=true

RNS Number : 6227N  Tungsten West PLC  05 January 2026

5 January 2026

 

 

Tungsten West Plc

("Tungsten West", the "Company" or the "Group")

 

Director Dealings

 

Tungsten West plc (LON:TUN), the mining company focused on restarting
production at the Hemerdon tungsten and tin mine ("Hemerdon" or the "Project")
in Devon, UK, announces that it has been informed of the following share
dealing by a director in the Company.

 

Further to the Company's announcement on 2 January 2026, Tungsten West has
been informed that Philip Povey, CFO and Director, through Umbrella Mountain
Limited, a vehicle which he controls, has become interested in a total of
3,662,100 ordinary shares of 1 pence each in the Company ("Ordinary Shares"),
following the mandatory conversion of £109,863.01 of convertible loan notes
at 3.00 pence per Ordinary Share. Mr Povey is the ultimate beneficial owner of
2,995,305 of these Ordinary Shares.

 

Following the above acquisition, the beneficial holdings in Tungsten West of
Philip Povey is as follows:

 

 Director      Conversion Shares Received  Resulting Shareholding  % of the Company Held
 Philip Povey  2,995,305                   2,995,305               0.39%

 

 

 

Ends

 

 

For further information, please contact:

 

Enquiries

 Tungsten West                                                              Strand Hanson

 Jeff Court                                                                 (Nominated Adviser and Financial Adviser)

 Tel: +44 (0) 1752 278500                                                   James Spinney / James Dance / Abigail Wennington

                                                                            Tel: +44 (0) 207 409 3494

 BlytheRay                                                                  Hannam & Partners

 (Financial PR)                                                             (Financial Adviser and Broker)

 Tim Blythe / Megan Ray                                                     Andrew Chubb / Matt Hasson / Jay Ashfield

 Tel: +44(0) 20 7138 3204                                                   +44 (0)20 7907 8500

 Email:  tungstenwest@blytheray.com (mailto:tungstenwest@blytheray.com)

 

Follow us on X @TungstenWest

 

 

 

 

 

 

 

 

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended.

 

PDMR Notification Form:

 

The notification below is made in accordance with the requirements of MAR.

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Philip Povey
 2.  Reason for the Notification
 a)  Position/status                                              CFO and Director
 b)  Initial notification/amendment                               Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Tungsten West plc
 b)  LEI                                                          213800QNV72HX3JAFC56
 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 instrument, type of instrument  Ordinary shares of 1 pence each in the share capital of Tungsten West plc
     Identification code                                          GB00BP6QM557
 b)  Nature of the Transaction                                    Acquisition of Ordinary Shares via mandatory conversion of convertible Loan
                                                                  notes
 c)  Price(s) and volume(s)                                       Price(s)    Volume(s)
                                                                  3.00 pence  2,995,305 Ordinary Shares
 d)  Aggregated information                                       N/A (Single transaction)

     Aggregated volume Price
 e)  Date of the transaction                                      31 December 2025
 f)  Place of the transaction                                     London Stock Exchange, AIM Market (XLON)

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

31 December 2025

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHBZLLBQFLFBBB



            Copyright 2019 Regulatory News Service, all rights reserved