Director/PDMR Shareholding
Tungsten West Plc announced that its CFO and Director, Philip Povey, through Umbrella Mountain Limited, acquired 2,995,305 ordinary shares at 3.00 pence per share following the mandatory conversion of £109,863.01 of convertible loan notes, resulting in his beneficial holding of 0.39% of the company's shares.
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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% |
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 | ||||
| a) | Name | Tungsten West plc | ||||
| b) | LEI | 213800QNV72HX3JAFC56 | ||||
| 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) |
| ||||
| 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) |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.