Directors Shareholding | Announced - 9 April 2008
The Company has been informed of the following transactions in stock units by Directors of the Company as follows:
The Hon. Mrs EC Parish, a non-executive Director of the Company, sold 1,750 ordinary 5 pence stock units in the Company at £6.30 per stock unit. This sale comprises 1,750 stock units sold on behalf of an account of her grandchildren who are minors and that Mr. CRW Parish and Mrs. EW Houston are trustees.
Mrs. EW Houston, a non-executive Director of the Company, purchased 1,750 ordinary 5 pence stock units in the Company at £6.32 per stock unit. Mrs. EW Houston purchased the 1,750 stock units on her own behalf.
Mrs. EW Houston, a non-executive Director of the Company, sold 12,964 ordinary 5 pence stock units in the Company at £5.90 per stock unit. Mrs. EW Houston sold the 12,964 stock units on her own behalf.
Mrs. EW Houston, a non-executive Director of the Company, purchased 12,964 ordinary 5 pence stock units in the Company at £5.90 per stock unit. This purchase comprises 12,964 stock units purchased on behalf of an account of her children, three of whom are minors, that Mrs. EW Houston and Mr CRW Parish are trustees of.
Mr. Robert E. Wade, a non-executive Director of the Company, purchased 2,000 stock units at £5.96 per stock unit in the Company.
Mr. CRW Parish, an executive director of the Company, sold 10,000 ordinary 5 pence stock units in the Company at £5.70 per stock unit. This sale comprises 10,000 stock units sold on his own account.
Mr CRW Parish, an executive director of the Company, purchased 10,000 ordinary 5 pence stock units in the Company at £5.703 per stock unit. This purchase comprises 10,000 stock units purchased on behalf of a family trust that Mr CRW Parish is a trustee of.
In addition, the holdings for The Hon. Mrs. EC Parish and Mr CRW Parish have been adjusted to reflect the reallocation of underlying trust accounts. As a result of this, 5,271 stock units have been reallocated from The Hon. Mrs. EC Parish's beneficial holding to Mr CRW Parish's beneficial and non-beneficial holdings in the Company.
Following these dealings:
The Hon. Mrs. EC Parish has a beneficial holding in the Company, following the notification of this sale, of 331,463 stock units representing 3.08% of the Company. This represents an interest of 3.08% in the total voting rights of the Company.
Mrs. EW Houston has a beneficial holding in the Company, following the notification of these transactions, of 1,091,023 representing 10.12% of the Company together with a non-beneficial holding of 564,303 stock units, representing 5.24% of the Company. This represents an interest of 15.36% in the total voting rights of the Company.
Mr CRW Parish has a beneficial holding in the Company, following the notification of these transactions, of 911,614 stock units representing 8.46% of the Company together with a non-beneficial holding of 1,599,493 stock units, representing 14.84% of the Company. This represents an interest of 23.30% in the total voting rights of the Company.
Mr. RE Wade holds 67,712 stock units, representing 0.63% of the Company. This represents an interest of 0.63% in the total voting rights of the Company.
For further information, please contact:
C Robin Woodbine Parish: Chairman
El Oro and Exploration Company plc
Tel: 020 7581 2782
Philip Secrett: Nominated Adviser
Grant Thornton Corporate Finance
Tel: 020 7383 5100