Tungsten West Plc is seeking court approval to reduce its share premium account, a move that was formalized in a claim filed with His Majesty’s High Court of Justice on September 12, 2026. The claim requests an order to cancel the entire balance standing to the credit of the company’s share premium account. The case is scheduled to be heard by an Insolvency and Companies Court judge on November 3, 2026, at the Rolls Building in London.

Creditors, shareholders, or any other parties with an interest in the matter have been invited to attend the hearing either in person or through legal representatives if they wish to oppose the proposed reduction. Copies of the claim can be obtained from the company’s solicitors, Blake Morgan LLP, upon payment of a regulated fee.

In a related announcement concerning International Communication & Data Limited (formerly Publishing Holdings PLC), the company has indicated it intends to pay cash held in trust for former minority shareholders into court. This decision follows an application by the company to allow the funds, which have been held since a compulsory acquisition in 1995 by R R Donnelley Marketing Services Group Limited through Lazard Brothers & Co Limited, to be transferred into court due to the elapsed time without claims for release by eligible shareholders.

The final hearing for this application is set for November 23, 2026, also at the Rolls Building in London. Former shareholders who have not yet requested the release of their funds are advised to apply to the company by November 16, 2026, one week prior to the hearing. Failure to do so will result in the company proceeding with the payment of the funds into court. After this payment, shareholders may still apply to the court for the release of their funds.

Support and guidance regarding the application process or attendance at the hearing can be obtained by contacting representatives at Eversheds Sutherland (International) LLP via the provided email addresses or postal address.

These actions highlight ongoing legal and financial processes within both companies as they address outstanding shareholder and corporate finance matters through the UK legal system.