Tungsten West plc has received notice to exercise ‘founder’ options over 1,657,196 new ordinary shares of £0.01 each in the capital of the company for £16,572.
Granted in October 2021, the founder options are exercisable upon certain milestones achieved and in accordance with the company’s start of trading on AIM.
Following admission, Tungsten West’s issued ordinary share capital will comprise 188,731,307 ordinary shares, each with one voting right.
The company holds no ordinary shares in treasury.