Tungsten West plc has partially converted B shares into 199,520,870 new ordinary shares, on a one-to-one basis, after receiving notices on 17 and 20 February 2026.
TVRs
Drakewood Capital Management Ltd gave notice to convert 60 million B shares into new ordinary shares.
Henry Maxey also converted 60m B shares to Henry Maxey, while Lansdowne Partners (UK) LLP converted 79,520,870 B shares.
Following the conversion, the number of outstanding B shares not yet converted into ordinary shares will total 290,882,119.
On admission of the new ordinary shares, Tungsten West’s issued ordinary share capital is expected to comprise 1,074,741,101 ordinary shares, each with one voting right.
The company holds no ordinary shares are held in treasury.
Tungsten West is currently preparing to restart production from its Hemerdon tin-tungsten mine north of Plymouth in Devon, England.