Martin Knauth, CEO of Zanaga Iron Ore Company, Exercises Share Options under Company’s Long Term Incentivization Plan

Martin Knauth, CEO of Zanaga Iron Ore Company, has taken a bold move by exercising his vested share options under the company’s long term incentivization plan. This move shows the CEO’s commitment to furthering the company’s objectives and placing faith in its long term growth potential.

The exercise of these options involves the issuance and admission of 1,500,000 new ordinary shares of the company, which will be incorporated into trading in the AIM Market of the London Stock Exchange. These shares will become part of the trading pool around 30 May 2025 and will rank alongside the company’s existing ordinary shares.

Following this issuance, the total number of ordinary shares and voting rights in the company will reach an astronomical 832,379,996. This notable figure will enable shareholders to determine if they need to notify their interest in, or a change to their interest in the company.

This decision made by the CEO firmly instills in the market the faith that Zanaga Iron Ore is geared to leverage on increasing iron demand, capitalise on their low operating costs and position themselves as a significant player in the iron ore market.