TUNGSTEN WEST PLC LS -,01 Aktie

Baker Steel Capital Managers has reduced its notifiable holding in Tungsten West to below 10% and now holds 7.82%, equivalent to 105,400,294 voting rights. The decrease was from previously 9.65% and was reported to the Financial Conduct Authority on the day the threshold was crossed. The voting rights are held directly through shares (ISIN GB00BP6QM557); no financial instruments are part of the holding. » More on de.investing.com

Tungsten West has granted 6,494,685 options on ordinary shares to executives under its Long Term Incentive Plan, including 5,000,000 options to COO Ronald Day at an exercise price of 1 pence per share. The award has already been approved by shareholders and is subject to performance conditions relating to commercial production, operational milestones and other KPIs. The options expire after 15 years, include acceleration clauses on a change of control and will be assessed by the remuneration committee with respect to target achievement. » More on de.investing.com

Drakewood Capital Management reported that its voting interest in Tungsten West exceeded the notification threshold on 1 July and now stands at 8.22% (102,579,051 voting rights). Of these, 101,930,551 voting rights (8.17%) are held indirectly via Drakewood Investments, 648,400 votes (0.05%) are held directly by Drakewood Capital and 0.47% are attributable to David Lilley. The share transfer took place as part of an ongoing corporate restructuring; no financial instruments were disclosed in the filing. The notification to the issuer is dated 2 July. » More on de.investing.com