Tungsten West Plc (AIM: TUN) has granted share options to executives, including 5 million options to Chief Operating Officer Ronald Day at an exercise price of 1 pence per share.
The awards, made under the company’s Long Term Incentive Plan (LTIP), also include 1.49 million options to senior management. The plan, approved by shareholders at general meetings on January 30, 2026, and February 26, 2026, was implemented following circulars published on January 14, 2026, and February 9, 2026.
The options are subject to performance conditions tied to commercial production, operational milestones, and other key performance indicators as determined by the Remuneration Committee. Vesting may accelerate in the event of a change of control, and the options expire on the fifteenth anniversary of the grant date unless lapsed earlier under their terms.
