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LONDON - Baker Steel Capital Managers LLP has reduced its stake in Tungsten West PLC (LON:TUN) to 13.56% of voting rights, according to a regulatory filing published Wednesday.
The investment firm now holds 25,596,515 shares in the company, down from its previous position of 14.22%, as disclosed in a TR-1 notification of major holdings submitted to the London Stock Exchange.
The threshold change occurred on August 28, 2025, though the issuer was notified on September 3, according to the filing.
The shares are held through Baker Steel Resources Trust Ltd, based in St Peter’s Port, Guernsey. The notification indicates that Baker Steel Capital Managers is not controlled by any natural person or legal entity and does not control any other undertaking holding an interest in Tungsten West.
The filing shows that Baker Steel Capital Managers holds only direct voting rights attached to shares, with no additional voting rights through financial instruments.
Tungsten West PLC is listed on the London Stock Exchange. The disclosure was made in compliance with regulatory requirements for reporting significant changes in shareholdings of publicly traded companies.
The information was disclosed in a standard TR-1 form submitted to the Financial Conduct Authority and Tungsten West, as required by market regulations.
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