REG - Tungsten West PLC - Conversion of B Shares

RNS Number : 0551U Tungsten West PLC 23 February 2026 23 February 2026Tungsten West Plc("Tungsten West" or the "Company") Conversion of B SharesTungsten West (AIM: TUN), the mining company focused on restarting production at the Hemerdon tungsten and tin mine in Devon in the UK announces that on 17 and 20 February 2026, the Company received notices for the partial conversion of B Shares into new Ordinary Shares. The Company has received the following conversion notices from:· Drakewood Capital Management Limited to convert 60,000,000 B Shares into new Ordinary Shares on a one-to-one basis;· Henry Maxey to convert 60,000,000 B Shares into new Ordinary Shares to Henry Maxey on a one-to-one basis; and· Lansdowne Partners (UK) LLP to convert 79,520,870 B Shares into new Ordinary Shares on a one-to-one basisAccordingly, the Company will issue an aggregate of 199,520,870 new Ordinary Shares on a one-to-one basis. Following the conversion, the number of outstanding B Shares not yet converted into Ordinary Shares will be 290,882,119.Admission and Total Voting RightsApplications have been made for the new Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to become effective on 24 February 2026.Immediately following Admission, the issued ordinary share capital of the Company is expected to comprise 1,074,741,101 Ordinary Shares. Each Ordinary Share has one voting right and no Ordinary Shares are held in treasury. From Admission, this figure may be used by Shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.EndsFor further information, please contact:EnquiriesTungsten WestJeff Court, Chief Executive OfficerPhil Povey, Chief Financial OfficerTel: +44 (0) 1752 278500Strand Hanson(Nominated Adviser and Financial Adviser)James Spinney / James Dance / Abigail WenningtonTel: +44 (0) 207 409 3494BlytheRay(Financial PR)Megan Ray / Rachael BrooksTel: +44(0) 20 7138 3204Email: tungstenwest@blytheray.com Follow us on X @TungstenWestHannam & Partners(Broker)Andrew Chubb / Matt Hasson / Jay AshfieldTel: +44 (0) 20 7907 8500This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END CONTJMITMTATBFF