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Holding(s) in Company

In brief · summary, not quotable

Baker Steel Capital Managers LLP, acting for discretionary clients and associated parties, has reduced its holding in Tungsten West PLC. The notification, dated 2 March 2026, indicates that on 27 February 2026, their total voting rights fell to 9.65%, representing 117,175,294 voting rights, down from a previous notification of 10.80%. This change is due to an acquisition or disposal of voting rights and an event changing the breakdown of 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 rightsX
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rightsX

Other (please specify) iii :

Details of person subject to the notification obligation iv

NameBAKER STEEL CAPITAL MANAGERS LLP (DISCRETIONARY CLIENTS OF AND ASSOCIATED OR CONNECTED/RELATED PARTIES)
City and country of registered office (if applicable)London, United Kingdom.

Full name of shareholder(s) (if different from 3.) v

NameBaker Steel Resources Trust Ltd
City and country of registered office (if applicable)St Peter's Port, Guernsey
5. Date on which the threshold was crossed or reached vi :27 February 2026
6. Date on which issuer notified (DD/MM/YYYY):2 March 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 reached9.659.65117,175,294
Position of previous notification (if applicable)10.8010.80
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)Number of voting rights ix% of voting rights
Direct (DTR5.1)Indirect (DTR5.2.1)Direct (DTR5.1)Indirect (DTR5.2.1)
GB00BP6QM557117,175,2949.65%
SUBTOTAL 8. A117,175,2949.65%
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrumentExpiration date xExercise/ Conversion Period xiNumber of voting rights that may be acquired if the instrument is exercised/converted.% of voting rights

SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)

Type of financial instrumentExpiration date xExercise/ Conversion Period xiPhysical or cash Settlement xiiNumber 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 thresholdTotal of both if it equals or is higher than the notifiable threshold

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 completionLondon
Date of completion27/02/2026

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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