REG - Tungsten West PLC - Director Dealings

Tungsten WestAnnouncement

07/01/2026 07:00

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RNS Number : 8951N  Tungsten West PLC  07 January 2026

07 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 Richard Maxey, Non-Executive Director, has become
interested in a total of 366,210 ordinary shares of 1 pence each in the
Company ("Ordinary Shares"), following the mandatory conversion of £10,986.30
of convertible loan notes at 3.00 pence per Ordinary Share.

 

Following the above acquisition, the beneficial holdings in Tungsten West of
Mr Maxey are as follows:

 

 Director       Shares Acquired  Resulting Shareholding  % of the Company Held
 Richard Maxey  366,210          366,210                 0.05%

 

Update to the Drakewood Concert Party

 

The Drakewood Concert Party now comprises Drakewood Capital Management
Limited, David Lilley, Henry Maxey, Rick Maxey, Godolphin Minerals Limited,
Mark Thompson and Andrew Monk. Following the issuance of the Conversion Shares
the shareholdings of the individual members of the Drakewood Concert Party is
as follows:

 

 Shareholder                                            Ordinary Shares held prior to Conversion  Conversion Shares issued  Resultant holding of Ordinary Shares  % of total voting rights
 Drakewood Capital Management Limited and David Lilley  6,506,382                                 84,438,895                90,945,277                            11.73%
 Henry Maxey                                            13,782,089                                100,196,491               113,978,580                           14.70%
 Richard Maxey                                          -                                         366,210                   366,210                               0.05%
 Godolphin Minerals Limited                             -                                         18,310,502                18,310,502                            2.36%
 Mark Thompson                                          3,249,148                                 3,662,100                 6,911,248                             0.89%
 Andrew Monk                                            -                                         1,645,243                 1,645,243                             0.21%
 Total                                                  23,537,619                                208,619,441               232,157,060                           29.95%

 

 

Ends

 

 

For further information, please contact:

 

Enquiries

 Tungsten West                                                              Strand Hanson

 Jeff Court (CEO)                                                           (Nominated Adviser and Financial Adviser)

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

 Phil Povey (CFO)                                                           Tel: +44 (0) 207 409 3494

 Tel: +44 (0) 1752 278500

 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                                                         Richard Maxey
 2.  Reason for the Notification
 a)  Position/status                                              Non-Executive 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  366,210 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)

 

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