ZIOC.GB Zanaga Iron Ore Company LTD

TIDMZIOC

RNS Number : 0157K

Zanaga Iron Ore Company Ltd

16 December 2022

16 December 2022

Completion of Acquisition, Admission and Board Appointments

Zanaga Iron Ore Company Limited ("Zanaga" or the "Company") (AIM: ZIOC) announces that, further to the Company's previous announcements regarding the Company's proposed acquisition of all of Glencore Projects Pty Limited's ("Glencore Projects") 50% plus one share interest in Jumelles Limited (the "Acquisition"), Completion of the Acquisition has now occurred and the Consideration Shares have been admitted to trading on AIM ("Admission"), and the appointments of Peter Hill and Denis Weinstein to the board of the Company, following their nomination by Glencore Projects, have become effective.

Following Completion, the following Shareholders are interested, directly or indirectly, in 3 per cent. or more of the Company's issued share capital:

   Shareholder                             Number of Shares       % of share capital 
   Glencore Projects                       286,340,379                  48.26% 
   Guava Minerals Limited*             80,252,592                    13.52% 

*Clifford Elphick, the non-executive chairman of the Company, is indirectly interested in these Shares by virtue of his interest as a potential beneficiary in a discretionary trust which has an indirect interest in these Shares.

Admission of the 286,340,379 Consideration Shares has become effective today. These shares will rank pari passu with the Company's existing ordinary shares. The Company does not hold any shares in treasury and therefore, following Admission, the total number of ordinary shares and voting rights in the Company is 593,374,746. This figure of 593,374,746 ordinary shares may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Other than where defined, capitalised terms used in this announcement have the meanings given to them in the Company's announcement of 23 November 2022.

For further information, please contact:

Zanaga Iron Ore Company Limited

   Corporate Development and                    Andrew Trahar 
   Investor Relations Manager                     +44 20 7399 1105 

Liberum Capital Limited

   Nominated Adviser, Financial                  Scott Mathieson, Edward Thomas 
   Adviser and Corporate Broker                 +44 20 3100 2000 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ACQGPGQPPUPPGUQ

(END) Dow Jones Newswires

December 16, 2022 05:31 ET (10:31 GMT)

Zanaga Iron Ore (AQSE:ZIOC.GB)
과거 데이터 주식 차트
부터 1월(1) 2025 으로 2월(2) 2025

Zanaga Iron Ore (AQSE:ZIOC.GB)
과거 데이터 주식 차트
부터 2월(2) 2024 으로 2월(2) 2025