Zanaga Iron Ore Company Ltd.

Earnings Release • Aug 16, 2016

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RNS Number : 3516H

Zanaga Iron Ore Company Ltd

16 August 2016

16 August 2016

Results of AGM

Zanaga Iron Ore Company Limited ("ZIOC" or the "Company") (AIM:ZIOC) announces the following outcome of the resolutions put to the Annual General Meeting of shareholders held on Tuesday 16 August 2016. All resolutions were taken on a Poll in accordance with the Company's Articles of Association.

Resolution 1: To receive and adopt the Company's financial statements for the year ended 31 December 2015 together with the Directors' report and Auditors' report on those accounts.

The resolution was passed, and the total number of votes cast was as follows:

	Number	% of Vote	% of Issued Capital
For:	204,938,911	99.95	73.51
Against:	100,000	0.05	0.04
Abstain:	0	0	0
Discretionary:	0	0	0
TOTAL:	205,038,911	100	73.55

Resolution 2: To approve the Directors' Remuneration Report for the year ended 31 December 2015.

The resolution was passed, and the total number of votes cast was as follows:

	Number	% of Vote	% of Issued Capital
For:	204,938,911	99.95	73.51
Against:	100,000	0.05	0.04
Abstain:	0	0	0
Discretionary:	0	0	0
TOTAL:	205,038,911	100	73.55

Resolution 3: To re-elect Clinton James Dines who retires by rotation as a Director of the Company.

The resolution was passed, and the total number of votes cast was as follows:

	Number	% of Vote	% of Issued Capital
For:	204,770,222	99.87	73.45
Against:	268,689	0.13	0.10
Abstain:	0	0	0
Discretionary:	0	0	0
TOTAL:	205,038,911	100	73.55

Resolution 4: To authorise the Directors to appoint KPMG LLP as auditors of the Company to hold office from conclusion of the meeting to the conclusion of the next meeting at which accounts are to be laid before the Company.

The resolution was passed, and the total number of votes cast was as follows:

	Number	% of Vote	% of Issued Capital
For:	204,938,911	99.95	73.51
Against:	100,000	0.05	0.04
Abstain:	0	0	0
Discretionary:	0	0	0
TOTAL:	205,038,911	100	73.55

Resolution 5: To authorise the Directors to agree the Auditors' remuneration.

The resolution was passed, and the total number of votes cast was as follows:

	Number	% of Vote	% of Issued Capital
For:	204,938,911	99.95	73.51
Against:	100,000	0.05	0.04
Abstain:	0	0	0
Discretionary:	0	0	0
TOTAL:	205,038,911	100	73.55

Resolution 6: Authority to issue shares.

The resolution was passed, and the total number of votes cast was as follows:

	Number	% of Vote	% of Issued Capital
For:	204,938,911	99.95	73.51
Against:	100,000	0.05	0.04
Abstain:	0	0	0
Discretionary:	0	0	0
TOTAL:	205,038,911	100	73.55

Resolution 7: Disapplication of pre-emption rights.

The resolution was passed as a special resolution, and the total number of votes cast was as follows:

	Number	% of Vote	% of Issued Capital
For:	204,938,911	99.95	73.51
Against:	100,000	0.05	0.04
Abstain:	0	0	0
Discretionary:	0	0	0
TOTAL:	205,038,911	100	73.55

Special Resolution 8: Approval for on market purchases of Shares.

The resolution was passed as a special resolution, and the total number of votes cast was as follows:

	Number	% of Vote	% of Issued Capital
For:	204,938,911	99.95	73.51
Against:	100,000	0.05	0.04
Abstain:	0	0	0
Discretionary:	0	0	0
TOTAL:	205,038,911	100	73.55

Authorised by

Mr Clifford Elphick

Non-Executive Chairman

For further information please contact:

Zanaga Iron Ore

Corporate Development and                               Andrew Trahar

Investor Relations Manager                                +44 20 7399 1105

Liberum Capital Limited

Nominated Adviser, Financial                             Richard Crawley

Adviser and Corporate Broker                             Neil Elliot

+44 20 3100 2000

Bell Pottinger

Financial PR                                                      Marianne Bowes

and Daniel Thöle

+44 20 3772 2500

About us:

Zanaga Iron Ore Company Limited (AIM ticker: ZIOC) is the owner of 50% less one share in the Zanaga Iron Ore Project based in the Republic of Congo (Congo Brazzaville) through its joint venture partnership with Glencore. The Zanaga Iron Ore Project is one of the largest iron ore deposits in Africa and has the potential to become a world-class iron ore producer.

This information is provided by RNS

The company news service from the London Stock Exchange

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