Notification of Transactions of PDMR
Non-Executive Chairman Clifford Elphick sold 2.47m shares at 7.39p per share.
- Shares sold 2,467,443
- Aggregated sale price 7.39p per share
- Guava Minerals holding 79,907,592 shares (9.60%)
- Sale price range 7.15p to 7.60p per share
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Zanaga Iron Ore Company Limited (AIM: ZIOC) announces that it received a notification on 3 September 2025 that Clifford Elphick, Non-Executive Chairman, has sold a total of 2,467,443 ordinary shares of no par value in the Company ("Ordinary Shares") at an aggregated price of 7.39 pence. These Ordinary Shares were previously awarded to him personally as part of the Director's remuneration program.
Following the transaction, Guava Minerals remains a shareholder of 79,907,592 shares representing approximately 9.60 per cent of the Company's issued share capital, and Clifford Elphick continues to be a potential beneficiary of a discretionary trust that has an interest in Guava Minerals Limited. Guava Minerals has not sold any shares in the Company since the Company was founded.
Details of the person discharging managerial responsibilities/person closely associated
| a) | Name | Clifford Elphick | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chairman 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 ISIN: VGG9888M1023 | |
| b) | Nature of the transaction | Sale of ordinary shares | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 1) GBP 0.0760 2) GBP 0.0715 | 1) 1,300,000 2) 1,167,443 | ||
| d) | Aggregated information · Aggregated volume · Price | 2,467,443 GBP 0.0739 | |
| e) | Date of the transaction | 1) 27 August 2025 2) 1 September 2025 | |
| f) | Place of the transaction | London Stock Exchange |
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