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LONDON - Zanaga Iron Ore Company Limited (AIM:ZIOC) announced Friday that its Non-Executive Chairman, Clifford Elphick, has sold 2,467,443 ordinary shares at an average price of 7.39 pence per share.
According to the company’s statement, the shares were previously awarded to Elphick as part of the director’s remuneration program. The transactions occurred in two batches, with 1,300,000 shares sold at 7.60 pence on August 27, 2025, and 1,167,443 shares sold at 7.15 pence on September 1, 2025.
Despite this personal sale, Guava Minerals Limited, in which Elphick is a potential beneficiary of a discretionary trust with an interest, maintains its position as a significant shareholder with 79,907,592 shares. This represents approximately 9.60 percent of Zanaga’s issued share capital.
The company noted that Guava Minerals has not sold any shares since Zanaga’s founding.
The notification was made in accordance with regulatory requirements for transactions by persons discharging managerial responsibilities (PDMR).
This information was disclosed in a press release statement by Zanaga Iron Ore Company Limited.
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