Extractive Industries

Tungsten West grants 2.8m share options

Tungsten West plc has granted directors and employees a total of 2,799,982 options over ordinary shares of £0.01 each in the company.

PDMRs

Recipients include the chief financial officer, managing director, executive vice chairman and other employees pursuant to the company share option plan (2022 CSOP) and employee share option plan (2022 ESOP).

The options are exercisable at a price of £0.275 per ordinary share and will vest three years from the date of grant.

Directors and PDMROptions grantedTotal number of share options following this notificationTotal beneficial holding of shares following this notificationTotal beneficial holding (options + ordinary shares) as % of Company’s fully diluted issued share capital
Anthony Nigel Widdowson, Chief Financial Officer100,000400,000Nil0.19
James McFarlane, Managing Director (non-board position)100,000933,333Nil0.45
Mark Thompson, Executive Vice Chairman150,0005,121,5864,317,2384.53
The interest of the directors and PDMRs in the share capital of the company following the grant of options (Tungsten West)

Following the grant, Tungsten West said it had to date a total of 25,016,885 options in issue representing approximately 13.9% of the company’s current issued share capital.

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