Last checked at 23 Nov 2012 07:00
23 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 22 November 2012, the Company purchased 187,500 shares of no par value in the Company ("Shares") at an average price of £0.3573 per Share representing 0.07 per cent of the Shares in issue.
The 187,500 Shares purchased by the Company will be cancelled in due course and the total voting rights in the Company will be reduced to 279,876,341.
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 +44 20 7399 1105
Liberum Capital Limited
Nominated Adviser, Financial Chris Bowman, Christopher Britton
Adviser and Joint Corporate Broker and Christopher Kololian
+44 20 3100 2000
Citigroup Global Markets Limited
Joint Corporate Broker Alex Carter
+44 20 7986 4000
Pelham Bell Pottinger
Financial PR Charles Vivian
and Daniel Thole
+44 20 7861 3232