Share Buyback

RNS Number : 6080Q

Zanaga Iron Ore Company Ltd

08 November 2012

 



8 November 2012

Share Buyback

Zanaga Iron Ore Company Limited (the "Company") (AIM:ZIOC) announces, further to the authority granted to the Company by shareholders at the AGM held on 26 July 2012 to buyback shares, that on 7 November 2012, the Company purchased 100,000 shares of no par value in the Company ("Shares") at an average price of £0.38 per Share representing 0.04 per cent of the Shares in issue.

The 100,000 Shares purchased by the Company will be cancelled in due course and the total voting rights in the Company will be reduced to 280,063,841. 

The above total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify the Company of their interests in, or a change to their interest in, the Company.

Each director of the Company has confirmed that he and his related parties will not sell shares in the Buyback.

For further information please contact:

Zanaga Iron Ore

Corporate Development and                                          Andrew Trahar

Investor Relations Manager                                           [phone]

Liberum Capital Limited

Nominated Adviser, Financial                                         Chris Bowman, Christopher Britton

Adviser and Joint Corporate Broker                                 and Christopher Kololian

                                                                                  [phone]

Citigroup Global Markets Limited

Joint Corporate Broker                                                 Alex Carter

                                                                                 [phone]

Pelham Bell Pottinger

Financial PR                                                                Charles Vivian

                                                                                 and Daniel Thöle

                                                                                 [phone]

 

END

 

 

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