Business
Director Dealings
Tungsten West plc announced that Non-Executive Director Richard Maxey acquired 366,210 ordinary shares at 3.00 pence per share, following the mandatory conversion of £10,986.30 of convertible loan notes, resulting in his beneficial holding of 366,210 shares, representing 0.05% of the company. This transaction also updates the Drakewood Concert Party's holdings, which collectively now represent 29.95% of the company's total voting rights after the issuance of 208,619,441 conversion shares. Disclaimer*
About this update from Tungsten West Plc
[{"type":"text","content":"\n\n07 January 2026\n \n \nTungsten West Plc\n(\"Tungsten West\", the \"Company\" or the \"Group\")\n \nDirector Dealings\n \nTungsten 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.\n \nFurther to the Company's announcement on 2 January 2026, Tungsten West has been informed that Richard Maxey, Non-Executive Director, has become interested in a total of 366,210 ordinary shares of 1 pence each in the Company (\"Ordinary Shares\"), following the mandatory conversion of £10,986.30 of convertible loan notes at 3.00 pence per Ordinary Share.\n \nFollowing the above acquisition, the beneficial holdings in Tungsten West of Mr Maxey are as follows:\n \n\n\n\n\nDirector\n\n\nShares Acquired\n\n\nResulting Shareholding\n\n\n% of the Company Held\n\n\n\n\nRichard Maxey\n\n\n366,210\n\n\n366,210\n\n\n0.05%\n\n\n\n\n \nUpdate to the Drakewood Concert Party\n \nThe Drakewood Concert Party now comprises Drakewood Capital Management Limited, David Lilley, Henry Maxey, Rick Maxey, Godolphin Minerals Limited, Mark Thompson and Andrew Monk. Following the issuance of the Conversion Shares the shareholdings of the individual members of the Drakewood Concert Party is as follows:\n \n\n\n\n\nShareholder\n\n\nOrdinary Shares held prior to Conversion\n\n\nConversion Shares issued\n\n\nResultant holding of Ordinary Shares\n\n\n% of total voting rights\n\n\n\n\nDrakewood Capital Management Limited and David Lilley\n\n\n6,506,382\n\n\n84,438,895\n\n\n90,945,277\n\n\n11.73%\n\n\n\n\nHenry Maxey\n\n\n13,782,089\n\n\n100,196,491\n\n\n113,978,580\n\n\n14.70%\n\n\n\n\nRichard Maxey\n\n\n-\n\n\n366,210\n\n\n366,210\n\n\n0.05%\n\n\n\n\nGodolphin Minerals Limited\n\n\n-\n\n\n18,310,502\n\n\n18,310,502\n\n\n2.36%\n\n\n\n\nMark Thompson\n\n\n3,249,148\n\n\n3,662,100\n\n\n6,911,248\n\n\n0.89%\n\n\n\n\nAndrew Monk\n\n\n-\n\n\n1,645,243\n\n\n1,645,243\n\n\n0.21%\n\n\n\n\nTotal\n\n\n23,537,619\n\n\n208,619,441\n\n\n232,157,060\n\n\n29.95%\n\n\n\n\n \n \nEnds\n \n \nFor further information, please contact:\n \nEnquiries\n\n\n\n\nTungsten West\n \nJeff Court (CEO)\n \nTel: +44 (0) 1752...