Holding(s) in Company
Drakewood Capital Management Limited has acquired a significant stake in Tungsten West PLC, now holding 11.73% of the company's voting rights, representing 90,945,277 shares. This acquisition was completed on January 6, 2026, and formally notified on January 8, 2026. The notification indicates that Drakewood Capital Management Limited is not controlled by any single natural person or legal entity, but it does control other undertakings. David Lilley holds a 0.76% stake, and Drakewood Capital Management Limited itself holds 10.98% of the voting rights.
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Non-UK issuer
- Reason for the notification (please mark the appropriate box or boxes with an "X")
| An acquisition or disposal of voting rights | X |
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) iii :
Details of person subject to the notification obligation iv
| Name | Drakewood Capital Management Limited |
| City and country of registered office (if applicable) | London, United Kingdom |
Full name of shareholder(s) (if different from 3.) v
Name
City and country of registered office (if applicable)
| 5. Date on which the threshold was crossed or reached vi : | 06-Jan-2026 |
| 6. Date on which issuer notified (DD/MM/YYYY): | 07-Jan-2026 |
- Total positions of person(s) subject to the notification obligation
| % of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights held in issuer (8.A + 8.B) vii | |
|---|---|---|---|---|
| Resulting situation on the date on which threshold was crossed or reached | 11.73% | 0.00% | 11.73% | 90,945,277 |
| Position of previous notification (if applicable) | ||||
| A: Voting rights attached to shares | ||||
| Class/type of shares ISIN code (if possible) | Number of voting rights ix | % of voting rights | ||
| Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | |
| GB00BP6QM557 | 90,945,277 | 0.00 | 11.73% | 0.00% |
| SUBTOTAL 8. A | 90,945,277 | 11.73% | ||
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
| Type of financial instrument | Expiration date x | Exercise/ Conversion Period xi | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |
|---|---|---|---|---|---|
| SUBTOTAL 8. B 1 | |||||
| Type of financial instrument | Expiration date x | Exercise/ Conversion Period xi | Physical or cash settlement xii | Number of voting rights | % of voting rights |
| SUBTOTAL 8.B.2 | |||||
| Name xv | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | ||
| David Lilley | 0.76% | 0.00% | 0.76% | ||
| Drakewood Capital Management Limited | 10.98% | 0.00% | 10.98% | ||
In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
Additional information xvi
Place of completion
| Date of completion | 8 January 2026 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.