Execution of Share Lock-in Agreements
In brief · summary, not quotable
Share lock-in agreements signed with major shareholders representing 34.86% of issued capital for six months.
- Share capital locked in 34.86%
- Lock-in period Six months until 26 February 2026
- Guava Minerals Limited holding 9.60%
- Greymont Bay I LLC holding 18.28%
- Regatta HCRP I LP holding 6.98%
Full announcement
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Zanaga Iron Ore Company Limited (AIM: ZIOC) announces that, following a request from a potential investor engaged in ZIOC's strategic partner process, lock-in agreements have been signed between the Company and a number of its significant shareholders, representing approximately 34.86% of the Company's issued share capital.
The details of the arrangements are as follows:
- Lock-in type: Fully restricted
- Lock-in period: Six months until 26th February 2026
- Shareholders involved: The combined lock-in accounts for approximately 34.86% of the Company's issued share capital. The shareholders subject to this arrangement are:
- Guava Minerals Limited: owning 9.60% of the Company's issued share capital
- Mr Clifford Elphick, Chairman of ZIOC, continues to be a potential beneficiary of a discretionary trust that has an interest in Guava Minerals Limited
- Greymont Bay Consortium, including:
- Greymont Bay I LLC: owning 18.28% of the Company's issued share capital
- Regatta HCRP I LP: owning 6.98% of the Company's issued share capital
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.