El Oro Ltd

Announcements 2012

NAV announcement  |  Announced - 21 December 2012

El Oro Ltd. ("the Company") Registration No: 49778 of 1 Le Truchot, St Peter Port, Guernsey GY1 1WD.

Immediate Announcement:

Net Asset Value  
Valuation date 30 November 2012
Currency GBP
NAV 121.2 pence
Share Price (mid) 98.0 pence
Discount 19.1%


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

Dexion Capital (Guernsey) Limited
Gillian Newton
Tel: 01481 732814

ALERT - Project Funding  |  Announced - 30 November 2012

We have been made aware that someone has been posing as a representative of El Oro Ltd on the Linkedin website; our Company does not seek business in this manner and we have no links to the individual claiming to be RAR Evans on that website.

For further information, please contact:
Abbie Giles
Steven McKeane
El Oro Ltd.
Tel: 020 7581 2782

Dexion Capital (Guernsey) Limited
Carol Kilby
Gillian Newton
Tel: 01481 732814

NAV announcement  |  Announced - 20 November 2012

El Oro Ltd. ("the Company") Registration No: 49778 of 1 Le Truchot, St Peter Port, Guernsey GY1 1WD.

Immediate Announcement:

Net Asset Value  
Valuation date 31 October 2012
Currency GBP
NAV 127.5 pence
Share Price (mid) 98.0 pence
Discount 23.1%


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

Dexion Capital (Guernsey) Limited
Gillian Newton
Tel: 01481 732814

Directors Shareholding  |  Announced - 20 November 2012

The Company has been informed of the following transaction in its ordinary shares by a Director on 19 November 2012 as follows:

Mr RE Wade a non-executive Director of the Company bought 15,880 ordinary shares in the Company at 98.0 pence per share.

Following this transaction:
Mr CRW Parish has a beneficial holding in the Company, following the notification of these transactions, of 6,372,246 ordinary shares representing 9.86% of the Company together with a non-beneficial holding of 10,654,511 ordinary shares representing 16.48% of the Company. This represents an interest of 26.33% in the total voting rights of the Company.

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

Dexion Capital (Guernsey) Limited
Gillian Newton
Tel: 01481 732814

Results of AGM  |  Announced - 15 November 2012

At the Annual General Meeting of the Company, held on 15 November 2012, the following resolutions were approved and agreed:

Ordinary resolutions:

  • 1) To receive the Directors’ report and the consolidated financial statements for the year ended 30 June 2012.
  • 2) To re-appoint PricewaterhouseCoopers CI LLP 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.
  • 3) To authorise the payment of a final dividend of 3.5 pence for the year-ended 30 June 2012.
  • 4) 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:
    • the maximum number of Shares hereby authorised to be purchased is 6,465,734;
    • 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
    • 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.
  • Resolution (1) was approved by a majority of shareholders voting. It was noted that 10,150 dissenting votes were cast. The resolution was therefore approved.

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

Dexion Capital (Guernsey) Limited
Gillian Newton
Tel: 01481 732814

NAV announcement  |  Announced - 26 October 2012

El Oro Ltd. ("the Company") Registration No: 49778 of 1 Le Truchot, St Peter Port, Guernsey GY1 1WD.

Immediate Announcement:

Net Asset Value  
Valuation date 30 September 2012
Currency GBP
NAV 129.6 pence
Share Price (mid) 97.5 pence
Discount 24.8%


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

Dexion Capital (Guernsey) Limited
Gillian Newton
Tel: 01481 732814

Notice of AGM  |  Announced - 09 October 2012

NOTICE IS HEREBY GIVEN that the Company’s FOURTH ANNUAL GENERAL MEETING and the ONE HUNDRED AND EIGHTH ANNUAL GENERAL METING OF THE EL ORO GROUP will be held on 15 November 2012 at 41 Cheval Place, London SW7 1EW at 12 noon for the following purposes:

Ordinary resolutions:

  • 1) To receive the Directors’ report and the consolidated financial statements for the year ended 30 June 2012.
  • 2) To re-appoint PricewaterhouseCoopers CI LLP 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.
  • 3) To authorise the payment of a final dividend of 3.5 pence for the year-ended 30 June 2012.
  • 4) 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:
    • the maximum of Shares hereby authorised to be purchased is 6,465,734
    • 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 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
    • 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.

    The Board recommends that Shareholders vote in favour of all Resolutions.

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

Dexion Capital (Guernsey) Limited
Gillian Newton
Tel: 01481 732814

Annual Report at 30 June 2012  |  Announced - 08 October 2012

The Directors are pleased to announce the audited Financial Statements for the year ended 30 June 2012 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

Dexion Capital (Guernsey) Limited
Gillian Newton
Tel: 01481 732814

Click here to download the document

Final Results - 30 June 2012  |  Announced - 08 October 2012

El Oro Ltd announces its final results for the year ended 30 June 2012.

Extracts from the final results are set out below.

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

Dexion Capital (Guernsey) Limited
Gillian Newton
Tel: 01481 732814

Click here to download the document

NAV announcement  |  Announced - 21 September 2012

El Oro Ltd. ("the Company") Registration No: 49778 of 1 Le Truchot, St Peter Port, Guernsey GY1 1WD.

Immediate Announcement:

Net Asset Value  
Valuation date 31 August 2012
Currency GBP
NAV 121.6 pence
Share Price (mid) 97.5 pence
Discount 19.8%


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

Dexion Capital (Guernsey) Limited
Gillian Newton
Tel: 01481 732814

NAV announcement  |  Announced - 17 August 2012

El Oro Ltd. ("the Company") Registration No: 49778 of 1 Le Truchot, St Peter Port, Guernsey GY1 1WD.

Immediate Announcement:

Net Asset Value  
Valuation date 31 July 2012
Currency GBP
NAV 119.5 pence
Share Price (mid) 100.0 pence
Discount 16.3%


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

Dexion Capital (Guernsey) Limited
Gillian Newton
Tel: 01481 732814

NAV announcement  |  Announced - 24 July 2012

El Oro Ltd. ("the Company") Registration No: 49778 of 1 Le Truchot, St Peter Port, Guernsey GY1 1WD.

Immediate Announcement:

Net Asset Value  
Valuation date 30 June 2012
Currency GBP
NAV 118.2 pence
Share Price (mid) 106.0 pence
Discount 10.3%


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

Dexion Capital (Guernsey) Limited
Gillian Newton
Tel: 01481 732814

Directors PDMR Shareholding  |  Announced - 10 July 2012

The Company has been informed of the following transactions in its ordinary shares by a Director of the Company on 5 July 2012 as follows:

Mr CRW Parish, an executive Director of the Company, on 4 July 2012 purchased 6,000 ordinary shares in the Company at £1.06 per share.

Following this transaction:
Mr RE Wade has a beneficial holding in the Company following the notification of these transactions, of 483,148 ordinary shares representing 0.75% of the Company. This represents an interest of 0.75% in the total voting rights of the Company.

For further information, please contact:
Dexion Capital (Guernsey) Limited
Gillian Newton
Tel: 01481 732814

El Oro Ltd
Robin Woodbine Parish, Chairman
Steven McKeane
Tel: 020 7581 2782

Directors PDMR Shareholding  |  Announced - 22 June 2012

The Company has been informed of the following transactions in its ordinary shares by a Director of a subsidiary company (El Oro and Exploration Company Limited) on 8 June 2012 as follows:

Mrs EW Houston, a non-executive Director of the subsidiary company, sold 15,500 ordinary shares in the Company at £1.10 per share. This sale of 15,500 ordinary shares was in three lots from a family trust in lots of 1,800; 6,400 and 7,300 to Mrs EW Houston's children.

Following this transaction:
Mr CRW Parish has a beneficial holding in the Company, following the notification of these transactions, of 6,366,246 ordinary shares representing 9.85% of the Company together with a non-beneficial holding of 10,654,511 ordinary shares representing 16.48% of the Company. This represents an interest of 26.32% 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 6,134,131 representing 9.49% of the Company together with a non-beneficial holding of 3,960,752 ordinary shares representing 6.13% of the Company. This represents an interest of 15.61% in the total voting rights of the Company.

For further information, please contact:
Dexion Capital (Guernsey) Limited
Gillian Newton
Tel: 01481 732814

El Oro Ltd
Robin Woodbine Parish, Chairman
Steven McKeane
Tel: 020 7581 2782

NAV announcement  |  Announced - 22 June 2012

El Oro Ltd. ("the Company") Registration No: 49778 of 1 Le Truchot, St Peter Port, Guernsey GY1 1WD.

Immediate Announcement:

Net Asset Value  
Valuation date 31 May 2012
Currency GBP
NAV 119.1 pence
Share Price (mid) 110.0 pence
Discount 7.6%


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

Dexion Capital (Guernsey) Limited
Gillian Newton
Tel: 01481 732814

NAV announcement  |  Announced - 22 May 2012

El Oro Ltd. ("the Company") Registration No: 49778 of 1 Le Truchot, St Peter Port,
Guernsey GY1 1WD.

Immediate Announcement:

Net Asset Value  
Valuation date 30 April 2012
Currency GBP
NAV 132.8 pence
Share Price (mid) 110.0 pence
Discount 17.2%


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

Dexion Capital (Guernsey) Limited
Gillian Newton
Tel: 01481 732814

Directors PDMR Shareholding  |  Announced - 10 May 2012

The Company has been informed of the following transactions in its ordinary shares by a Director of the Company on 8 May 2012 as follows:

Mr RE Wade a non-executive Director of the Company bought 10,000 ordinary shares in the Company at 114.5 pence per share.

Following this transaction:
Mr RE Wade has a beneficial holding in the Company following the notification of these transactions, of 467,268 ordinary shares representing 0.72% of the Company. This represents an interest of 0.72% in the total voting rights of the Company.

For further information, please contact:
Dexion Capital (Guernsey) Limited
Gillian Newton
Tel: 01481 732814

El Oro Ltd
Robin Woodbine Parish, Chairman
Steven McKeane
Tel: 020 7581 2782

Interim Results - 31 December 2011  |  Announced - 18 April 2012

El Oro Ltd announces its interim results for the six months ended 31 December 2011.

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

NAV announcement  |  Announced - 16 April 2012

El Oro Ltd. ("the Company") Registration No: 49778 of 1 Le Truchot, St Peter Port, Guernsey GY1 1WD.

Immediate Announcement:

Net Asset Value  
Valuation date 31 March 2012
Currency GBP
NAV 138.0 pence
Share Price (mid) 111.0 pence
Discount 19.6%


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

Dexion Capital (Guernsey) Limited
Gillian Newton
Tel: 01481 732814

NAV announcement  |  Announced - 12 March 2012

El Oro Ltd. ("the Company") Registration No: 49778 of 1 Le Truchot, St Peter Port, Guernsey GY1 1WD.

Immediate Announcement:

Net Asset Value  
Valuation date 29 February 2012
Currency GBP
NAV 149.1 pence
Share Price (mid) 115.0 pence
Discount 22.9%


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

Dexion Capital (Guernsey) Limited
Gillian Newton
Tel: 01481 732814

NAV announcement  |  Announced - 03 March 2012

El Oro Ltd. ("the Company") Registration No: 49778 of 1 Le Truchot, St Peter Port, Guernsey GY1 1WD.

Immediate Announcement:

Net Asset Value  
Valuation date 31 January 2012
Currency GBP
NAV 141.5 pence
Share Price (mid) 108.0 pence
Discount 23.7%


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

Dexion Capital (Guernsey) Limited
Gillian Newton
Tel: 01481 732814

Directors PDMR Shareholding  |  Announced - 16 February 2012

The Company has been informed of the following transactions in its ordinary shares by a Director of the Company on 16 February 2012 as follows:
Mr CRW Parish, an executive Director of the Company, on 16 February 2012 transferred 17,941 ordinary shares in the Company at £1.12 per share to his pension account.

Following this transaction:
Mr CRW Parish has a beneficial holding in the Company, following the notification of these transactions, of 6,366,246 ordinary shares representing 9.85% of the Company together with a non-beneficial holding of 10,639,011 ordinary shares representing 16.45% of the Company. This represents an interest of 26.30% in the total voting rights of the Company.

For further information, please contact:
Dexion Capital (Guernsey) Limited
Gillian Newton
Tel: 01481 732814

El Oro Ltd
Robin Woodbine Parish, Chairman
Steven McKeane
Tel: 020 7581 2782

Directors PDMR Shareholding  |  Announced - 03 February 2012

The Company has been informed of the following transactions in its ordinary shares by a Director of the Company on 3 February 2012 as follows:
Mr CRW Parish, an executive Director of the Company, on 2 February 2012 sold 20,000 ordinary shares in the Company at £1.09 per share on his own account.
Mr CRW Parish, an executive Director of the Company, on 3 February 2012 sold 40,000 ordinary shares in the Company at £1.085 per share on his own account.

Following this transaction:
Mr CRW Parish has a beneficial holding in the Company, following the notification of these transactions, of 6,366,246 ordinary shares representing 9.85% of the Company together with a non-beneficial holding of 10,639,011 ordinary shares representing 16.45% of the Company. This represents an interest of 26.30% in the total voting rights of the Company.

For further information, please contact:
Dexion Capital (Guernsey) Limited
Gillian Newton
Tel: 01481 732814

El Oro Ltd
Robin Woodbine Parish, Chairman
Steven McKeane
Tel: 020 7581 2782

NAV announcement  |  Announced - 31 January 2012

El Oro Ltd. ("the Company") Registration No: 49778 of 1 Le Truchot, St Peter Port, Guernsey GY1 1WD.

Immediate Announcement:

Net Asset Value  
Valuation date 31 December 2011
Currency GBP
NAV 129.8 pence
Share Price (mid) 122.0 pence
Discount 6.0%


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

Dexion Capital (Guernsey) Limited
Gillian Newton
Tel: 01481 732814

Directors PDMR Shareholding  |  Announced - 18 January 2012

The Company has been informed of the following transaction in its ordinary shares by a Director on 17 January 2012 as follows:
Mr RE Wade a non-executive Director of the Company bought 10,000 ordinary shares in the Company at 110.5 pence per share.

Following this transaction:
Mr RE Wade has a beneficial holding in the Company following the notification of these transactions, of 437,268 ordinary shares representing 0.7% of the Company. This represents an interest of 0.7% in the total voting rights of the Company.

For further information, please contact:
Dexion Capital (Guernsey) Limited
Gillian Newton
Tel: 01481 732814

El Oro Ltd
Robin Woodbine Parish, Chairman
Steven McKeane
Tel: 020 7581 2782

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