Zanaga Iron Ore conducts share buyback
AIM-listed mining company Zanaga Iron Ore has purchased 28,800 shares of no par value in the company at an average price of 32.80p per share representing 0.01 per cent of the shares in issue.
AIM-listed mining company Zanaga Iron Ore has purchased 28,800 shares of no par value in the company at an average price of 32.80p per share representing 0.01 per cent of the shares in issue.
The company, which gained approval for a share buyback at an annual general meeting held in July, reported that the 28,800 shares purchased by the company would be cancelled in due course and the total voting rights in the company would be reduced to 279,776,530.
Each director of the company confirmed that he and his related parties would not sell shares in the buyback.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Zanaga is the owner of 50% less one share interest in the Zanaga Iron Ore project in the Republic of Congo through it joint venture partnership with Xstrata. The company has a market capitalisation of £89.54m.
Zanaga Iron Ore's share price was down 0.78% to 32p at 12:20 on Thursday afternoon.
MF
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Is it time to ride the recovery in emerging markets?
Interview What's the outlook for emerging markets? Gustavo Medeiros, head of research at Ashmore Group, gives his analysis and reviews progress in developing economies
-
Could the Enterprise Investment Scheme cut your tax bill?
The Enterprise Investment Scheme is tax-efficient and potentially lucrative. Taking a chance on the scheme could trim your family’s IHT bill, says David Prosser