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LONDON - Baker Steel Capital Managers LLP has reduced its stake in Tungsten West (LON:TUNT) PLC (LSE:TUN) to 14.22% from 15.28%, according to a regulatory filing published Friday.
The investment firm now holds 26,846,515 voting rights in the company, as disclosed in a TR-1 form submitted to the London Stock Exchange (LON:LSEG). The threshold change occurred on July 14, though the notification was filed on July 18.
The shares are held through Baker Steel Resources Trust Ltd, based in St Peter’s Port, Guernsey. The filing indicates that all voting rights are attached directly to shares, with no financial instruments involved in the position.
Baker Steel Capital Managers confirmed in the disclosure that it is not controlled by any natural person or legal entity and does not control any other undertaking holding an interest in Tungsten West.
Tungsten West is listed on the London Stock Exchange. The notification was made in accordance with UK financial regulations requiring disclosure when significant shareholding thresholds are crossed.
The information was reported in a standard TR-1 form, which is the regulatory mechanism for notifying major holdings in publicly traded companies in the UK.
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