Business
Block Listing Application
Block Listing Application.
About this update from Zanaga Iron Ore Co. Ltd.
[{"type":"text","content":"\n \nRNS Number : 1354V Zanaga Iron Ore Company Ltd 01 November 2017 \n\nZanaga Iron Ore Company Limited\n \nBlock Listing Application\n \nReleased: 1-November-2017\nSource: RNS\n \nZanaga Iron Ore Company Limited\n \n1 November 2017\n \n \nBlock Listing Application\n \nZanaga Iron Ore Company Limited (AIM ticker: ZIOC ) (\"ZIOC\" or the \"Company\") provides notification that a block listing application has been made to the London Stock Exchange for the admission to trading on AIM of up to 9,027,274 ordinary shares in the Company (the \"Block Listing Shares\").\n \nThe application for the admission of the Block Listing Shares relates to the maximum number of ordinary shares that could be issued as a result of the potential exercise of options granted as part of the share option incentive scheme, which was put in place in July 2014 and was announced on 30 July 2014 (the \"Options\"). The Options are in respect of the Block Listing Shares.\n \nBlock Listing Shares will be issued from time to time pursuant to the exercise of Options, which are exercisable up to 28 July 2024 and at 0.01 pence (one hundredth of one pence) per share, except for 1,600,000 Options which are exercisable at 18.50 pence per share. The monies raised will be used for general working capital purposes. The Company will update the total shares in issue on its website on a regular basis.\n \nThe Block Listing Shares, when issued, will be issued credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of the Company. It is expected that the block admission will become effective on 6 November 2017.\n \n \nFor further information, please contact:\nZanaga Iron Ore\nCorporate Development and Andrew Trahar\nInvestor Relations Manager +44 20 7399 1105\n \nLiberum Capital Limited\nNominated Adviser, Financial Neil Elliot and Richard Crawley\...