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ZIOC Zanaga Iron Ore Company Limited

7.65
0.00 (0.00%)
Last Updated: 09:36:19
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Zanaga Iron Ore Company Limited LSE:ZIOC London Ordinary Share VGG9888M1023 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 7.65 7.18 7.82 167,990 09:36:19
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec 0 8.1M 0.0128 5.98 48.42M

Zanaga Iron Ore Company Ltd Holding(s) in Company (3834Z)

31/08/2018 8:52am

UK Regulatory


Zanaga Iron Ore (LSE:ZIOC)
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TIDMZIOC

RNS Number : 3834Z

Zanaga Iron Ore Company Ltd

31 August 2018

Guava Minerals Share Transfer

Zanaga Iron Ore Company Limited ("ZIOC" or the "Company") (AIM:ZIOC) has been advised by Guava Minerals Limited ("Guava") that, due to fiscal planning requirements of a member of the Guava consortium, 8,477,805 ordinary shares in ZIOC, representing 2.99% of the Company's issued share capital, has been unbundled and transferred to that individual.

As a result of the unbundling transfer, Guava's shareholding in the Company has been reduced by 8,477,805 ordinary shares and is now 80,252,592 ordinary shares representing 28.34% of the Company's issued share capital. A TR-1 form is provided below.

Mr Clifford Elphick, Non-Executive Chairman of ZIOC, notified the Company at the time of its Admission to AIM that he is indirectly interested in the ordinary shares of Guava by virtue of his position as a potential beneficiary in a discretionary trust which holds an indirect interest in Guava. The above transaction does not involve any ZIOC shares in which this discretionary trust has an interest.

For further information, please contact:

Zanaga Iron Ore

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

Liberum Capital Limited

   Nominated Adviser, Financial                      Neil Elliot and Richard Crawley 
   Adviser and Corporate Broker                     +44 20 3100 2000 

About us:

Zanaga Iron Ore Company Limited (AIM ticker: ZIOC) is the owner of 50% less one share in the Zanaga Iron Ore Project based in the Republic of Congo (Congo Brazzaville) through its joint venture partnership with Glencore. The Zanaga Iron Ore Project is one of the largest iron ore deposits in Africa and has the potential to become a world-class iron ore producer.

Inside Information

The information contained in this announcement is inside information. If you have any queries on this, then please contact Andrew Trahar, the Corporate Development and Investor Relations Manager of the Company (responsible for arranging release of this announcement) on +44 (0) 20 7399 1105.

TR-1: Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and 
  to the FCA in Microsoft Word format if possible)(i) 
 
 1a. Identity of the issuer or the                                    Zanaga Iron Ore Company Limited 
  underlying issuer of existing shares 
  to which voting rights are attached(ii) 
  : 
                                                         --------------------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
 Non-UK issuer                                                                                           X 
                                                                                                ------------------ 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights                                                             X 
                                                                                                ------------------ 
 An acquisition or disposal of financial instruments 
                                                                                                ------------------ 
 An event changing the breakdown of voting rights 
                                                                                                ------------------ 
 Other (please specify)(iii) : 
                                                                                                ------------------ 
 3. Details of person subject to the notification obligation(iv) 
 Name                                                     Guava Minerals Limited 
 City and country of registered office                    Port Louis, Mauritius 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.)(v) 
 Name 
                                                         --------------------------------------------------------- 
 City and country of registered office 
  (if applicable) 
                                                         --------------------------------------------------------- 
 5. Date on which the threshold was                       28/08/2018 
  crossed or reached(vi) : 
                                                         --------------------------------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):           29/08/2018 
                                                         --------------------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                                      % of voting         % of voting rights    Total of both    Total number 
                                     rights attached      through financial      in % (8.A +      of voting rights 
                                    to shares (total         instruments             8.B)         of issuer(vii) 
                                        of 8. A)            (total of 8.B 
                                                              1 + 8.B 2) 
                                -----------------------  -------------------  ----------------  ------------------ 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached                     28.34%                   0                    28.34%            283,201,033 
                                -----------------------  -------------------  ----------------  ------------------ 
 Position of 
  previous notification 
  (if 
  applicable)                    31.33%                   0                    31.33% 
                                -----------------------  -------------------  ----------------  ------------------ 
 
 
 
 8. Notified details of the resulting situation on the date on which the 
  threshold was crossed or reached(viii) 
 A: Voting rights attached to shares 
 Class/type of      Number of voting rights(ix)                  % of voting rights 
  shares 
  ISIN code (if 
  possible) 
                          Direct                Indirect                       Direct                       Indirect 
                    (Art 9 of Directive   (Art 10 of Directive           (Art 9 of Directive          (Art 10 of Directive 
                       2004/109/EC)           2004/109/EC)              2004/109/EC) (DTR5.1)             2004/109/EC) 
                         (DTR5.1)              (DTR5.2.1)                                                  (DTR5.2.1) 
                                         --------------------- 
 VGG9888M1023       80,252,592            0                      28.34%                               0 
                   --------------------  ---------------------  -----------------------------------  --------------------- 
 
 
 SUBTOTAL 8. A                      80,252,592                                            28.34% 
                   -------------------------------------------  ---------------------------------------------------------- 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of            Expiration            Exercise/              Number of voting                     % of voting 
 financial           date(x)              Conversion              rights that may                      rights 
 instrument                               Period(xi)              be acquired if 
                                                                  the instrument 
                                                                  is 
                                                                  exercised/converted. 
                   --------------------  ---------------------  -----------------------------------  --------------------- 
 
 
 
                                          SUBTOTAL 8. B 1        0                                    0 
                                         ---------------------  -----------------------------------  --------------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type of           Expiration             Exercise/              Physical or       Number of          % of voting 
 financial          date(x)               Conversion             cash               voting rights      rights 
 instrument                               Period (xi)            settlement(xii) 
                  ---------------------  ---------------------  ----------------  ----------------- 
 
 
 
                                                                 SUBTOTAL 8.B.2    0                  0 
                                                                ----------------  ----------------- 
 
 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled                           X 
  by any natural person or legal entity and does not control any other 
  undertaking(s) holding directly or indirectly an interest in the 
  (underlying) issuer(xiii) 
 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(xiv) (please add additional 
  rows as necessary) 
    Name(xv)            % of voting rights             % of voting rights         Total of both if 
                          if it equals or               through financial          it equals or is 
                         is higher than the             instruments if it          higher than the 
                        notifiable threshold           equals or is higher       notifiable threshold 
                                                       than the notifiable 
                                                            threshold 
                 --------------------------------  -------------------------  ------------------------ 
 
 
 
 
 
 
 10. In case of proxy voting, please identify: 
 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(xvi) 
 
 
 
 
 Place of completion   Mauritius 
 Date of completion    29/08/18 
                      ---------- 
 

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.

END

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August 31, 2018 03:52 ET (07:52 GMT)

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