Business
Execution of Share Lock-in Agreements
Zanaga Iron Ore Company Ltd announced on September 29, 2025, that it has entered into lock-in agreements with major shareholders following a request from a potential investor. These agreements cover approximately 34.86% of the company's issued share capital. The lock-in is fully restricted for a period of six months, expiring on February 26, 2026. The shareholders involved include Guava Minerals Limited, owning 9.60% of the company's shares, and Greymont Bay Consortium, comprised of Greymont Bay I LLC with 18.28% and Regatta HCRP I LP with 6.98% of the company's issued share capital. Disclaimer*
About this update from Zanaga Iron Ore Co. Ltd.
[{"type":"text","content":"\n\n29 September 2025 \n \nZanaga Iron Ore Company Limited\n(\"ZIOC\" or the \"Company\")\nExecution of Share Lock-in Agreements with Major Shareholders\n \nZanaga 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.\nThe details of the arrangements are as follows:\n· Lock-in type: Fully restricted\n· Lock-in period: Six months until 26th February 2026\n· 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:\n1. Guava Minerals Limited: owning 9.60% of the Company's issued share capital\na. Mr Clifford Elphick, Chairman of ZIOC, continues to be a potential beneficiary of a discretionary trust that has an interest in Guava Minerals Limited\n2. Greymont Bay Consortium, including:\nb. Greymont Bay I LLC: owning 18.28% of the Company's issued share capital\nc. Regatta HCRP I LP: owning 6.98% of the Company's issued share capital\n \nFor further information, please contact:\n\n\n\n\nZanaga Iron Ore Company Limited\nCorporate Development and Investor Relations Manager\n\n\nAndrew Trahar\n+44 20 3916 5021\n \n\n\n\n\nPanmure Liberum Limited\nNominated Adviser, Financial Adviser and Corporate Broker\n\n\nScott Mathieson / John More\n+44 20 3100 2000\n\n\n\n\nShard Capital Partners LLP\nCorporate Broker\n\n\nDamon Heath\n+44 20 7186 9952\n\n\n\n\nBlytheRay\nPublic Relations\n\n\nTim Blythe / Megan Ray / Will Jones\n+44 20 7138 3204\[email protected]\n\n\n\n\n \nAbout ZIOC:\nZanaga Iron Ore Company Limited (AIM ticker: ZIOC) is an iron ore exploration and development company, with its flagship asset being the 100% owned Zanaga Iron Ore Project, located in the Republic of Congo. The Government Mining Licence, Environmental Permit, and Mining Convention are all in place for this project.\nThe Zanaga Iron Ore Project is a highly significant asset with a 6.9 billion tonne resource and 2.1 billi...