El Oro Ltd

Announcements 2010

NAV announcement  |  Announced - 26 November 2010

El Oro Ltd. ("the Company") Registration No: 49778 of 22 Smith Street, St Peter Port,
Guernsey, GY1 2JQ Channel Islands.

Immediate Announcement:

Net Asset Value  
Valuation date 31 October 2010
Currency GBP
NAV 814.0 pence
Share Price (mid) 525.0 pence
Discount 35.5%


The Company’s Share Price can be found at www.cisx.com [ticker – ELX].

For further information, please contact:
C Robin Woodbine Parish: Chairman
Steven McKeane
El Oro Ltd.
Tel: 020 7581 2782

NAV announcement  |  Announced - 8 November 2010

El Oro Ltd. ("the Company") Registration No: 49778 of 22 Smith Street, St Peter Port,
Guernsey, GY1 2JQ Channel Islands.

Immediate Announcement:

Net Asset Value  
Valuation date 30 September 2010
Currency GBP
NAV 785.1 pence
Share Price (mid) 425.0 pence
Discount 45.9%


The Company’s Share Price can be found at www.cisx.com [ticker – ELX].

For further information, please contact:
Capita Financial Administrators Guernsey Limited
Tel: 01481 750 705
Fax: 01481 750 724

Final Dividend to 30 June 2010 - Amended date  |  Announced - 29 October 2010

The Company’s registrar, Capita Registrars advised that there has to be a rescheduling of the time-table for the dividend announcement made in the Preliminary Results announcement on 27 October 2010.

The dividend timetable has therefore been revised as follows:
The Directors of El Oro Ltd propose a final cash dividend of 5.0 pence per share for the year-ended 30 June 2010, payable on 10 December 2010 to shareholders on the Register, at close of business on 24 November 2010.

Enquiries:
Company Secretary
Capita Financial Administration (Guernsey) Limited
Telephone: 01481 750700

For further information, please contact:
C Robin Woodbine Parish: Chairman
Steven McKeane
El Oro Ltd.
Tel: 020 7581 2782

Annual Report at 30 June 2010  |  Announced - 27 October 2010

The Directors are pleased to announce the audited Financial Statements for the year ended 30 June 2010 for the Company.

The audited Financial Statements for the Company are attached to this announcement.

For further information, please contact:
C Robin Woodbine Parish: Chairman
Steven McKeane
El Oro Ltd.
Tel: 020 7581 2782

Click here to download the document

Final Results - 30 June 2010  |  Announced - 27 October 2010

El Oro Ltd announces its final results for the year ended 30 June 2010.

Extracts from the final results are set out below.

For further information, please contact:
C Robin Woodbine Parish: Chairman
Steven McKeane
Steven McKeane
El Oro Ltd
Tel: 020 7581 2782

Click here to download the document

NAV announcement  |  Announced - 6 October 2010

El Oro Ltd. ("the Company") Registration No: 49778 of 22 Smith Street, St Peter Port,
Guernsey, GY1 2JQ Channel Islands.

Immediate Announcement:

Net Asset Value  
Valuation date 31 August 2010
Currency GBP
NAV 668.1 pence
Share Price (mid) 425.0 pence
Discount 36.4%


The Company’s Share Price can be found at www.cisx.com [ticker – ELX].

For further information, please contact:
C Robin Woodbine Parish: Chairman
Steven McKeane
El Oro Ltd.
Tel: 020 7581 2782

NAV announcement  |  Announced - 14 September 2010

El Oro Ltd. ("the Company") Registration No: 49778 of 22 Smith Street, St Peter Port,
Guernsey, GY1 2JQ Channel Islands.

Immediate Announcement:

Net Asset Value  
Valuation date 31 July 2010
Currency GBP
NAV 658.0 pence
Share Price (mid) 425.0 pence
Discount 35.4%


The Company’s Share Price can be found at www.cisx.com [ticker – ELX].

For further information, please contact:
C Robin Woodbine Parish: Chairman
Steven McKeane
El Oro Ltd.
Tel: 020 7581 2782

NAV announcement  |  Announced - 24 August 2010

El Oro Ltd. ("the Company") Registration No: 49778 of 22 Smith Street, St Peter Port,
Guernsey, GY1 2JQ Channel Islands.

Immediate Announcement:

Net Asset Value  
Valuation date 30 June 2010
Currency GBP
NAV 651.2 pence
Share Price (mid) 425.0 pence
Discount 34.7%


The Company’s Share Price can be found at www.cisx.com [ticker – ELX].

For further information, please contact:
C Robin Woodbine Parish: Chairman
Steven McKeane
El Oro Ltd.
Tel: 020 7581 2782

Directors PDMR Shareholding  |  Announced - 1 July 2010

The Company has been informed of the following transactions in its ordinary shares by a Director of the Company on 30 June 2010 as follows:
Mr CRW Parish, an executive Director of the Company, sold 3,250 ordinary shares in the Company at £4.25 per share on behalf of his wife.

Following these transactions:
Mr CRW Parish has a beneficial holding in the Company, following the notification of these transactions, of 1,076,762 ordinary shares representing 9.99% of the Company together with a non-beneficial holding of 1,851,535 ordinary shares representing 17.18% of the Company. This represents an interest of 27.17% in the total voting rights of the Company.

For further information, please contact:
C Robin Woodbine Parish
Chairman
El Oro Ltd
Tel: 020 7581 2782

S McKeane
El Oro Ltd
Tel: 020 7581 2782

Directors PDMR Shareholding  |  Announced - 30 June 2010

The Company has been informed of the following transactions in its ordinary shares by Directors of the Company and a subsidiary company (El Oro and Exploration Company Limited) as follows:
Mrs EW Houston, a non-executive Director of the subsidiary company, transferred 50,000 ordinary shares in the Company at £4.10 per share. This transfer was for 50,000 ordinary shares into a family trust for her children.
Mr CRW Parish, an executive Director of the Company, bought 12,500 ordinary shares in the Company at £4.15 per share on behalf of himself (9,950) and his wife (2,550).

Following these transactions:
Mrs EW Houston has a beneficial holding in the Company, following the notification of these transactions, of 1,026,572 representing 9.53% of the Company together with a non-beneficial holding of 735,908 ordinary shares representing 6.83% of the Company. This represents an interest of 16.35% 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 1,080,012 ordinary shares representing 10.02% of the Company together with a non-beneficial holding of 1,851,535 ordinary shares representing 17.18% of the Company. This represents an interest of 27.20% in the total voting rights of the Company.

For further information, please contact:
C Robin Woodbine Parish
Chairman
El Oro Ltd
Tel: 020 7581 2782

S McKeane
El Oro Ltd
Tel: 020 7581 2782

Directors PDMR Shareholding  |  Announced - 4 June 2010

The Company has been informed of the following transactions in its ordinary shares by Directors of the Company and a subsidiary company (El Oro and Exploration Company Limited) as follows:
Mr CRW Parish, an executive Director of the Company, bought 4,500 ordinary shares in the Company at £4.30 per share on behalf of family trusts for his children who are minors.

Following these transactions:
Mr CRW Parish has a beneficial holding in the Company, following the notification of these transactions, of 1,067,512 ordinary shares representing 9.90% of the Company together with a non-beneficial holding of 1,801,535 ordinary shares representing 16.72% of the Company. This represents an interest of 26.62% in the total voting rights of the Company.

For further information, please contact:
C Robin Woodbine Parish
Chairman
El Oro Ltd
Tel: 020 7581 2782

S McKeane
El Oro Ltd
Tel: 020 7581 2782

NAV announcement  |  Announced - 16 June 2010

El Oro Ltd. ("the Company") Registration No: 49778 of 22 Smith Street, St Peter Port,
Guernsey, GY1 2JQ Channel Islands.

Immediate Announcement:

Net Asset Value  
Valuation date 31 May 2010
Currency GBP
NAV 685.5 pence
Share Price (mid) 425.0 pence
Discount 38%


The Company’s Share Price can be found at www.cisx.com [ticker – ELX].

For further information, please contact:
C Robin Woodbine Parish: Chairman
Steven McKeane
El Oro Ltd.
Tel: 020 7581 2782

Directors PDMR Shareholding  |  Announced - 28 May 2010

The Company has been informed of the following transactions in its ordinary shares by Directors of the Company and a subsidiary company (El Oro and Exploration Company Limited) as follows:
Mrs EW Houston, a non-executive Director of the subsidiary company, transferred 14,500 ordinary shares in the Company at £4.05 per share. This transfer was for 9,500 ordinary shares into a personal ISA account and 5,000 ordinary shares into an ISA account for Mr Houston.
The adult children of Mrs EW Houston, a non-executive Director of the subsidiary company transferred 7,145 ordinary shares from trusts, which Mrs EW Houston and Mr CRW Parish are trustees of, into personal ISA accounts.

Following these transactions:
Mrs EW Houston has a beneficial holding in the Company, following the notification of these transactions, of 1,076,572 representing 9.99% of the Company together with a non-beneficial holding of 685,908 ordinary shares representing 6.36% of the Company. This represents an interest of 16.35% 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 1,063,012 ordinary shares representing 9.86% of the Company together with a non-beneficial holding of 1,801,535 ordinary shares representing 16.72% of the Company. This represents an interest of 26.58% in the total voting rights of the Company.

For further information, please contact:
C Robin Woodbine Parish
Chairman
El Oro Ltd
Tel: 020 7581 2782

S McKeane
El Oro Ltd
Tel: 020 7581 2782

NAV announcement  |  Announced - 17 May 2010

El Oro Ltd. ("the Company") Registration No: 49778 of 22 Smith Street, St Peter Port,
Guernsey, GY1 2JQ Channel Islands.

Immediate Announcement:

Net Asset Value  
Valuation date 30 April 2010
Currency GBP
NAV 713.2 pence
Share Price (mid) 420.0 pence
Discount 41.1%


The Company’s Share Price can be found at www.cisx.com [ticker – ELX].

For further information, please contact:
C Robin Woodbine Parish: Chairman
Steven McKeane
El Oro Ltd.
Tel: 020 7581 2782

Directors PDMR Shareholding  |  Announced - 14 May 2010

The Company has been informed of the following transactions in its ordinary shares by Directors of the Company and a subsidiary company (El Oro and Exploration Company Limited) as follows:
Mrs EW Houston, a non-executive Director of the Company, received 4,000 ordinary shares in the Company at £4.05 per share. This transfer comprised 23,818 ordinary shares received from her husband’s account, with Mr Houston selling the additional 19,818 ordinary shares to family trust accounts of their adult children and of which, Mrs. EW Houston and Mr CRW Parish are trustees.

Following these transactions:
Mrs EW Houston has a beneficial holding in the Company, following the notification of these transactions, of 1,076,572 representing 9.99% of the Company together with a non-beneficial holding of 685,908 ordinary shares representing 6.36% of the Company. This represents an interest of 16.35% 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 1,063,012 ordinary shares representing 9.86% of the Company together with a non-beneficial holding of 1,801,535 ordinary shares representing 16.72% of the Company. This represents an interest of 26.58% in the total voting rights of the Company.

For further information, please contact:
C Robin Woodbine Parish
Chairman
El Oro Ltd
Tel: 020 7581 2782

S McKeane
El Oro Ltd
Tel: 020 7581 2782

NAV announcement  |  Announced - 13 May 2010

El Oro Ltd. ("the Company") Registration No: 49778 of 22 Smith Street, St Peter Port,
Guernsey, GY1 2JQ Channel Islands.

Immediate Announcement:

Net Asset Value  
Valuation date 31 March 2010
Currency GBP
NAV 685.8 pence
Share Price (mid) 400.0 pence
Discount 41.7%


The Company’s Share Price can be found at www.cisx.com [ticker – ELX].

For further information, please contact:
C Robin Woodbine Parish: Chairman
Steven McKeane
El Oro Ltd.
Tel: 020 7581 2782

Directors PDMR Shareholding  |  Announced - 11 May 2010

The Company has been informed of the following transactions in its ordinary shares by Directors of the Company and a subsidiary company (El Oro and Exploration Company Limited) as follows:
Mrs EW Houston, a non-executive Director of the Company, transferred 4,000 ordinary shares in the Company at £4.05 per share. This transfer comprised 23,818 ordinary shares received to her husband’s account, with Mr Houston receiving the additional 19,818 ordinary shares from family trust accounts of their adult children and of which, Mrs. EW Houston and Mr CRW Parish are trustees.
Mr CRW Parish, an executive director of the Company, received 6,500 ordinary shares in the Company (3,500 at £4.05 per share and a further 3,000 at £4.20 per share). This transfer comprised 6,500 ordinary shares received on behalf of trust accounts for his children (who are minors) and of which Mr CRW Parish is a trustee.
Mr RE Wade, a non-executive director of the Company, bought 3,500 ordinary shares in the Company at £4.25 per share on his own account.

Following these transactions:
Mrs EW Houston has a beneficial holding in the Company, following the notification of these transactions, of 1,096,390 representing 10.17% of the Company together with a non-beneficial holding of 666,090 ordinary shares representing 6.18% of the Company. This represents an interest of 16.35% 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 1,063,012 ordinary shares representing 9.86% of the Company together with a non-beneficial holding of 1,781,717 ordinary shares representing 16.53% of the Company. This represents an interest of 26.40% in the total voting rights of the Company.

Mr RE Wade has a beneficial holding in the Company, following the notification of these transactions, of 71,212 ordinary shares representing an interest of 0.66% in the total voting rights of the Company.

For further information, please contact:
C Robin Woodbine Parish
Chairman
El Oro Ltd
Tel: 020 7581 2782

S McKeane
El Oro Ltd
Tel: 020 7581 2782

Website Redesign Launched  |  Announced - 13 April 2010

El Oro Ltd, (CISX: ELX) is pleased to announce that it has today launched an updated Company website which can be viewed at: www.eloro.com

The site has been redesigned to be more efficient and user friendly.

Robin Parish, El Oro’s Chairman commented:
"The Board of Directors is committed to providing shareholders and potential shareholders with current and relevant information on the Group. We believe that the redesigned website will provide investors with a more comprehensive portal on the Company's business. Our operations continue to develop and we hope that by keeping shareholders as informed as possible they will be able to more fully appreciate the Group’s business as we develop the business and continue to grow its assets."  

For further information, please contact:
C Robin Woodbine Parish: Chairman
Steven McKeane
El Oro Ltd
Tel: 020 7581 2782

Admission to Official List - Amendment  |  Announced - 13 January 2010

This amends the announcement released on 19 March 2009 at 08:00.

The number of shares admitted to listing should have read 10,776,501 and not 10,766,501 as previously stated. The full wording of the corrected announcement is given below:

Notice of Admission to Official List

The following securities have been admitted to the Official List of the Channel Islands Stock Exchange with effect from the time and date of this notice.

The listing of the following securities takes effect from 19 March 2009 at 08:00.

El Oro Ltd
10,776,501 ordinary no par value shares
ISIN - GG00B3L9RC72

Director PDMR Shareholding  |  Announced - 28 January 2010

The Company has been informed of the following transactions in its ordinary shares by Directors of the Company and a subsidiary company (El Oro and Exploration Company Limited) over the period 21 to 24 December 2009 as follows:

Mrs EW Houston, a non-executive Director of the Company, transferred 14,451 ordinary shares in the Company at £4.05 per share. This transfer comprised 7,225 ordinary shares received to her husband’s account, with a further 7,226 ordinary shares received on behalf of a trust account of her children (three of whom are minors) and of which, Mrs. EW Houston and Mr CRW Parish are trustees.

Mr CRW Parish, an executive director of the Company, received 1,000 ordinary shares in the Company (500 at £4.30 per share and a further 500 at £4.50 per share). This transfer comprised 1,000 ordinary shares received on behalf of a trust account of his niece (who is a minor) and of which Mr CRW Parish is a trustee.

Mr CRW Parish, an executive director of the Company, bought 296 ordinary shares in the Company at £4.05 per share on his own (ISA) account.

Following these transactions:
Mrs EW Houston has a beneficial holding in the Company, following the notification of these transactions, of 1,076,572 representing 9.99% of the Company together with a non-beneficial holding of 685,908 ordinary shares representing 6.36% of the Company. This represents an interest of 16.35% 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 1,056,512 ordinary shares representing 9.80% of the Company together with a non-beneficial holding of 1,801,534 ordinary shares representing 16.72% of the Company. This represents an interest of 26.52% in the total voting rights of the Company.

For further information, please contact:
C Robin Woodbine Parish
Chairman
El Oro Ltd
Tel: 020 7581 2782

S McKeane
El Oro Ltd
Tel: 020 7581 2782

NAV announcement - 31 January 2010

El Oro Ltd. ("the Company") Registration No: 49778 of 22 Smith Street, St Peter Port,
Guernsey, GY1 2JQ Channel Islands.

Immediate Announcement:
Net Asset Value
Valuation date 31 January 2010
Currency GBP
NAV 622.3 pence

For further information, please contact:
C Robin Woodbine Parish: Chairman
El Oro Ltd.
Tel: 020 7581 2782

AGM Statement on resolutions passed  |  Announced - 18 Febuary 2010

At the Annual General Meeting of El Oro Ltd. held on 21 January 2010 the following resolutions were approved and agreed:

(a) To receive and approve the Directors’ report and financial statements for the year ended June 30, 2009 by unanimous agreement to the voting shareholders;

(b) To reappoint PricewaterhouseCoopers CI LLP of National Westminster House, Le Truchot, St Peter Port, Guernsey as auditor of the Company, to hold office until the conclusion of the next General Meeting at which accounts are laid before the Company and to authorise the Directors to fix their remuneration. This was agreed unanimously by the shareholders voting.

(c) To amend the Company’s Article 13.1

  • (i) FROM:

  • 13. GENERAL MEETINGS
    13.1 The first general meeting (being an annual general meeting) of the Company shall be held within such time as may be required by the Laws and therefore, general meetings (which are annual general meetings) shall be held at least once in each subsequent calendar year. All general meetings (other than annual general meetings) shall be called extraordinary general meetings. General meetings shall be held in Guernsey or such other place outside the United Kingdom as may be determined by the Directors from time to time. This resolution was agreed unanimously by all voting shareholders.

  • (ii) TO:

  • 13. GENERAL MEETINGS
    13.1 The first general meeting (being an annual general meeting) of the Company shall be held within such time as may be required by the Laws and therefore, general meetings (which are annual general meetings) shall be held at least once in each subsequent calendar year. All general meetings (other than annual general meetings) shall be called extraordinary general meetings. General meetings shall be held in such place as may be determined by the Directors from time to time.

(d) To authorise the Company generally and unconditionally to make market purchases within the meaning of Section 315 of the Companies (Guernsey) Law 2008, the authority for market acquisitions set forth in Article 4.7 of the Company’s Articles of Incorporation be approved and restated on the basis that of its Ordinary Shares in the capital of the Company ("Shares”) upon or subject to the following conditions:

  • (i) the maximum number of Shares hereby authorised to be purchased is 1,077,650;

    (ii) the maximum price at which Shares may be purchased shall be 5% above the average of the middle market quotations for the Shares as taken from the Channel Islands Stock Exchange Daily Official List for the five business days preceding the date of purchase and the minimum price shall be 5 pence per share, in both cases exclusive of expenses; and

    (ii) the authority to purchase conferred by this Resolution shall expire on the date falling eighteen months after the date of this resolution or at the conclusion of the next Annual General Meeting of the Company after the passing of this Resolution, save that the Company may before such expiry enter into a contract of purchase under which such contract may be completed or executed wholly or partly after the expiration of this authority.

Date: 17 February 2010

Interim Dividend to 30 June 2010  |  Announced - 23 February 2010

On 18 February 2010, the Directors of El Oro Ltd declared a first interim dividend of 12.0 pence per share for the year-ended 30 June 2010.

This cash dividend is payable on 31 March 2010 to shareholders on the Register, at close of business on 5 March 2010.

For further information, please contact:
C Robin Woodbine Parish: Chairman
El Oro Ltd.
Tel: 020 7581 2782

NAV announcement - 28 February 2010

El Oro Ltd. ("the Company") Registration No: 49778 of 22 Smith Street, St Peter Port,
Guernsey, GY1 2JQ Channel Islands.

Immediate Announcement:
Net Asset Value
Valuation date 28 February 2010
Currency GBP
NAV 646.1 pence

For further information, please contact:
C Robin Woodbine Parish: Chairman
El Oro Ltd.
Tel: 020 7581 2782

Interim Results - 31 December 2009  |  Announced - 23 March 2010

El Oro Ltd announces its interim results for the six months ended 31 December 2009.

Extracts from the interim results are set out below.

For further information, please contact:
C Robin Woodbine Parish: Chairman
Steven McKeane
El Oro Ltd
Tel: 020 7581 2782

Click here to download the document
Site by jantsDesign