Share Buyback

RNS Number : 4174T

Zanaga Iron Ore Company Ltd

13 December 2012

 

13 December 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 12 December 2012, the Company purchased 28,800 shares of no par value in the Company ("Shares") at an average price of £0.3280 per Share representing 0.01 per cent of the Shares in issue.

The 28,800 Shares purchased by the Company will be cancelled in due course and the total voting rights in the Company will be reduced to 279,776,530. 

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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