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Tungsten West Plc announced that on 31 December 2025, Philip Povey, CFO and Director, through Umbrella Mountain Limited, became interested in 3,662,100 Ordinary Shares. This resulted from the mandatory conversion of £109,863.01 of convertible loan notes at 3.00 pence per Ordinary Share, with Mr. Povey becoming the ultimate beneficial owner of 2,995,305 Ordinary Shares, representing 0.39% of the Company.
| Date | 5 Jan 2026 |
| Time | 07:00:07 |
| Category | Director/PDMR dealings |
| ID | 6227N |
5 January 2026
("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
Jeff Court
Tel: +44 (0) 1752 278500
|
Strand Hanson
(Nominated Adviser and Financial Adviser)
James Spinney / James Dance / Abigail Wennington
Tel: +44 (0) 207 409 3494 |
|
BlytheRay
(Financial PR)
Tim Blythe / Megan Ray
Tel: +44(0) 20 7138 3204
Email: tungstenwest@blytheray.com |
Hannam & Partners
(Financial Adviser and Broker)
Andrew Chubb / Matt Hasson / Jay Ashfield
+44 (0)20 7907 8500
|
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.
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Philip Povey |
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2. |
Reason for the Notification |
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a) |
Position/status |
CFO and Director |
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b) |
Initial notification/amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Tungsten West plc |
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b) |
LEI |
213800QNV72HX3JAFC56 |
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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 |
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|
a) |
Description of the Financial instrument, type of instrument |
Ordinary shares of 1 pence each in the share capital of Tungsten West plc |
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|
Identification code |
GB00BP6QM557 |
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b) |
Nature of the Transaction |
Acquisition of Ordinary Shares via mandatory conversion of convertible Loan notes |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information Aggregated volume Price |
N/A (Single transaction) |
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e) |
Date of the transaction |
31 December 2025 |
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f) |
Place of the transaction |
London Stock Exchange, AIM Market (XLON) |
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