Option Exercise and Issue of Shares
CEO Martin Knauth exercised vested share options, resulting in issue of 1.5 million new shares.
- New Ordinary Shares issued 1,500,000
- Exercise price per share £0.01
- Total Ordinary Shares after admission 832,379,996
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Zanaga Iron Ore Company Limited (AIM: ZIOC) announces that the Company's Chief Executive Officer ("CEO") and Director, Martin Knauth, has exercised share options, which have already vested under the Company's long term incentivization plan ("LTIP"). As a result, the Company has agreed to issue 1,500,000 new ordinary shares of no par value in the Company ("Ordinary Shares") in relation to the exercise of these options.
Admission
An application for the admission to trading on the AIM Market of the London Stock Exchange of the new Ordinary Shares to be issued pursuant to the Equity Issue has been made and the 1,500,000 new Ordinary Shares are expected to be admitted to trading on AIM on or around 30 May 2025. These shares will rank pari passu with the Company's existing Ordinary Shares from their date of issue.
The Company does not hold any shares in treasury. Following admission of these new Ordinary Shares, the total number of Ordinary Shares and voting rights in the Company will be 832,379,996.
This figure of 832,379,996 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.
The Zanaga Iron Ore Company Limited LEI number is 21380085XNXEX6NL6L23.
| a) | Name | Martin Knauth | |
| 2 | Reason for the notification | ||
| a) | Position/status | CEO and PDMR | |
| b) | Initial notification/Amendment | Initial notification | |
| 3 | Details of the issuer, UK emission allowance market participant, auction platform or auctioneer | ||
| a) | Name | Zanaga Iron Ore Company Limited | |
| b) | LEI | 21380085XNXEX6NL6L23 | |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of no par value | |
| b) | Nature of the transaction | Issue of shares upon Option Exercise | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £0.01 | 1,500,000 | ||
| d) | Aggregated information · Aggregated volume · Price | N/A (single transaction) | |
| e) | Date of the transaction | 23 May 2025 | |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.