TR-1: Standard form for notification of major holdings
Summary by AI BETAClose X
On 10-Nov-2026 the National Wealth Fund increased its direct holding in Cornish Metals to 29.502775% of voting rights, representing 105,232,794 votes (previously 28.445643%); 0% is held through financial instruments. The issuer was notified on 11-Nov-2026 and the disclosed ultimate controller is HM Treasury (100%), indicating substantial government-aligned influence over the company.
TR-1: Standard form for notification of major holdings
| 1. Issuer Details |
ISIN
| GB00BSLNG492 |
Issuer Name
| CORNISH METALS PLC |
UK or Non-UK Issuer
| UK |
| 2. Reason for Notification |
| An acquisition or disposal of voting rights |
| 3. Details of person subject to the notification obligation |
Name
| National Wealth Fund |
City of registered office (if applicable)
| Leeds |
Country of registered office (if applicable)
| United Kingdom |
| 4. Details of the shareholder |
| Name | City of registered office | Country of registered office |
| 5. Date on which the threshold was crossed or reached |
| 10-Nov-2026 |
| 6. Date on which Issuer notified |
| 11-Nov-2026 |
| 7. Total positions of person(s) subject to the notification obligation |
| % of voting rights attached to shares (total of 8.A) | % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights held in issuer | |
| Resulting situation on the date on which threshold was crossed or reached | 29.502775 | 0.000000 | 29.502775 | 105232794 |
| Position of previous notification (if applicable) | 28.445643 | 0.000000 | 28.445643 | 35691128 |
| 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached |
| 8A. Voting rights attached to shares |
| Class/Type of shares ISIN code (if possible) | Number of direct voting rights (DTR5.1) | Number of indirect voting rights (DTR5.2.1) | % of direct voting rights (DTR5.1) | % of indirect voting rights (DTR5.2.1) |
| GB00BSLNG492 | 105232794 | 29.502775 | ||
| Sub Total 8.A | 105232794 | 29.502775% | ||
| 8B1. Financial Instruments according to (DTR5.3.1R.(1) (a)) |
| Type of financial instrument | Expiration date | Exercise/conversion period | Number of voting rights that may be acquired if the instrument is exercised/converted | % of voting rights |
| Sub Total 8.B1 | ||||
| 8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b)) |
| Type of financial instrument | Expiration date | Exercise/conversion period | Physical or cash settlement | Number of voting rights | % of voting rights |
| Sub Total 8.B2 | |||||
| 9. Information in relation to the person subject to the notification obligation |
| 2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xiv |
| Ultimate controlling person | Name of controlled undertaking | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold |
| HM Treasury | 100% | 100% | ||
| 10. In case of proxy voting |
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
| 11. Additional Information |
| 12. Date of Completion |
| 10-Nov-2026 |
| 13. Place Of Completion |
| United Kingdom |
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