El Oro Ltd

Announcements 2014

NAV announcement  |  Announced - 08 December 2014

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 2014
Currency GBP
NAV 82.5 pence
Share Price (mid) 70.0 pence
Discount 15.2%


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
Chris Copperwaite
Tel: 01481 732814

NAV announcement  |  Announced - 17 November 2014

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 2014
Currency GBP
NAV 84.6 pence
Share Price (mid) 70.0 pence
Discount 17.3%


The final dividend of 3.7 pence for the year ended 30 June 2014 has been deducted from the October NAV as it went ex-dividend on 30 October 2014, which represents a drop of 3.94% on the NAV during October. Pending shareholder approval at the AGM on 20 November 2014 the dividend will be paid on 24 November 2014.

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
Chris Copperwaite
Tel: 01481 732814

NAV announcement  |  Announced - 13 October 2014

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 2014
Currency GBP
NAV 93.7 pence
Share Price (mid) 73.0 pence
Discount 22.1%


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
Chris Copperwaite
Tel: 01481 732814

Related party share transaction at arms-length  |  Announced - 13 October 2014

The Directors have resolved that the Company will purchase 60,010 of its ordinary shares from a long term holding from the Estate of Mrs EC Parish at a price of 68.1 pence on 13 October 2014 for the Company's Treasury Account.

The Directors can confirm that this transaction caused no change to either the beneficial or non-beneficial holdings of Mrs EC Parish's children: Mrs CW Zegos, Mrs EW Houston, Mr CRW Parish and Mrs SW Kumaramangalam.

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

Dexion Capital (Guernsey) Limited
Chris Copperwaite
Tel: 01481 732814

NAV announcement  |  Announced - 12 September 2014

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 2014
Currency GBP
NAV 99.2 pence
Share Price (mid) 73.0 pence
Discount 26.4%


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

Dexion Capital (Guernsey) Limited
Chris Copperwaite
Tel: 01481 732814

NAV announcement  |  Announced - 26 August 2014

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 2014
Currency GBP
NAV 98.8 pence
Share Price (mid) 73.0 pence
Discount 26.1%


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
Chris Copperwaite
Tel: 01481 732814

Directors Shareholding  |  Announced - 18 July 2014

The Company has been informed of the following transactions in its ordinary shares by a Director on 17 July 2014 as follows:

Mr CRW Parish, an executive Director, on 15 July 2014 purchased 202,995 ordinary shares in the Company at 70.0 pence per share and 9,600 ordinary shares in the Company at 73.0 pence per share for his personal holding. Additionally, Mr Parish on 17 July 2014 purchased 42,000 ordinary shares in the Company at 70.0 pence per share for his own and one other family SIPP.

Following this advice:
Mr CRW Parish has a beneficial holding in the Company following the notification of the record keeping discrepancy of 6,884,775 ordinary shares, representing 10.68% of the Company, together with a non-beneficial holding of 10,659,011 ordinary shares representing 16.54% of the Company. This represents an interest of 27.22% 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
Chris Copperwaite
Tel: 01481 732814

NAV announcement  |  Announced - 14 July 2014

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 2014
Currency GBP
NAV 100.9 pence
Share Price (mid) 73.0 pence
Discount 27.7%


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
Chris Copperwaite
Tel: 01481 732814

AIFMD Appointment  |  Announced - 10 July 2014

Investment manager
The Board of El Oro Ltd (the "Company") announces that, following the coming into force of AIFMD, it has appointed Investigations & Management Limited, a wholly owned subsidiary of the group, as the Company's investment manager (the "Manager"). The Manager replaces Mr CRW Parish as the Company's investment manager. Mr CRW Parish remains the Chairman of the Company and the personnel at the Manager managing the portfolio remain unchanged.

The above appointment is effective from 1 July 2014.

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

Dexion Capital (Guernsey) Limited
Chris Copperwaite
Tel: 01481 732814

Directors Shareholding  |  Announced - 02 July 2014

On 1 July 2014 the Company was informed of the following transaction in its ordinary shares by a Director as follows:

Mr RE Wade a non-executive Director of the Company bought 8,000 ordinary shares in the Company at 70.00 pence per share.

Mr RE Wade has a beneficial holding in the Company following the notification of this transaction, of 513,150 ordinary shares representing 0.80% of the Company. This represents an interest of 0.80% in the total voting rights of the Company.

Following this advice:
Mr CRW Parish has a beneficial holding in the Company following the notification of the record keeping discrepancy of 6,630,180 ordinary shares, representing 10.29% of the Company, together with a non-beneficial holding of 10,659,011 ordinary shares representing 16.54% of the Company. This represents an interest of 26.83% 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
Chris Copperwaite
Tel: 01481 732814

Directors Shareholding  |  Announced - 26 June 2014

The Company has been informed of the following transactions in its ordinary shares by a Director on 18 June 2014 as follows:

Mr CRW Parish, an executive Director, on 18 June 2014 purchased 70,500 ordinary shares in the Company at 70.0 pence per share in his personal holding, his SIPP and various family trust accounts.

Following this advice:
Mr CRW Parish has a beneficial holding in the Company following the notification of the record keeping discrepancy of 6,630,180 ordinary shares, representing 10.29% of the Company, together with a non-beneficial holding of 10,659,011 ordinary shares representing 16.54% of the Company. This represents an interest of 26.83% 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

NAV announcement  |  Announced - 10 June 2014

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 May 2014
Currency GBP
NAV 97.4 pence
Share Price (mid) 70.5 pence
Discount 27.6%


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

Directors Shareholding  |  Announced - 04 June 2014

The Company has been informed of a record keeping discrepancy by a Director on 4 June 2014 as follows:

Mr CRW Parish, an executive Director, advised that his beneficial holding in the ordinary shares of the Company is 6,559,680 and not 6,678,285 as previously notified.

Following these transactions:
Mr CRW Parish has a beneficial holding in the Company following the notification of the record keeping discrepancy of 6,559,680 ordinary shares, representing 10.18% of the Company, together with a non-beneficial holding of 10,659,011 ordinary shares representing 16.54% of the Company. This represents an interest of 26.72% 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

Directors Shareholding  |  Announced - 29 May 2014

The Company has been informed of the following transactions in its ordinary shares by a Director on 29 May 2014 as follows:

Mr CRW Parish, an executive Director, advised that his wife on 29 May 2014 bought 1,200 ordinary shares in the Company at 73.0 pence per share.

Following these transactions:
Mr CRW Parish has a beneficial holding in the Company, following the notification of this transaction, of 6,678,285 ordinary shares representing 10.36% of the Company together with a non-beneficial holding of 10,659,011 ordinary shares representing 16.54% of the Company. This represents an interest of 26.90% 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

NAV announcement  |  Announced - 15 May 2014

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 2014
Currency GBP
NAV 94.8 pence
Share Price (mid) 69.5 pence
Discount 26.7%


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 Shareholding  |  Announced - 15 April 2014

The Company has been informed of the following transactions in its ordinary shares by a Director on 14 April 2014 as follows:

Mr CRW Parish, an executive Director, on 14 April 2014 transferred 100,000 ordinary shares in the Company at 75.0 pence per share from his personal holding to his SIPP and various family trust accounts.

Following these transactions:
Mr CRW Parish has a beneficial holding in the Company, following the notification of these transactions, of 6,677,085 ordinary shares representing 10.36% of the Company together with a non-beneficial holding of 10,659,011 ordinary shares representing 16.54% of the Company. This represents an interest of 26.90% 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

NAV announcement  |  Announced - 14 April 2014

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 2014
Currency GBP
NAV 94.2 pence
Share Price (mid) 76.0 pence
Discount 19.3%


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

Interim Results at 31 December 2013  |  Announced - 11 April 2014

El Oro Ltd announces its interim results for the six months ended 31 December 2013.

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

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

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NAV announcement  |  Announced - 13 March 2014

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 28 February 2014
Currency GBP
NAV 97.6 pence
Share Price (mid) 77.5 pence
Discount 20.6%


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

Directors Shareholding  |  Announced - 12 February 2014

The Company has been informed that a previously notified transaction in its ordinary shares by a Group Company Director on 7 January 2014 as follows, was not concluded.

Mr CRW Parish, an executive Director of the Company, on 7 January 2014 sold 100,000 ordinary shares in the Company at 81.0 pence per share from his personal holding.

Following this transaction:
Mr CRW Parish has a beneficial holding in the Company, following the notification of these transactions, of 6,677,085 ordinary shares representing 10.36% of the Company together with a non-beneficial holding of 10,659,011 ordinary shares representing 16.54% of the Company. This represents an interest of 26.90% 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

NAV announcement  |  Announced - 07 February 2014

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 2014
Currency GBP
NAV 94.9 pence
Share Price (mid) 79.5 pence
Discount 16.2%


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

Non-Mainstream Pooled Investments  |  Announced - 28 January 2014

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

The Board of the Company notes the rules of the UK Financial Conduct Authority ("FCA") on the promotion of non-mainstream pooled investments, effective from 1 January 2014.

The Board confirms that it conducts the Company's affairs, and intends to continue to conduct its affairs, so that the Company's shares will be "excluded securities" under the FCA's new rules.

This is on the basis that the Company, which is resident outside the EEA, would qualify for approval as an investment trust if resident and listed in the United Kingdom. Therefore, the Company's shares will not amount to non-mainstream pooled investments. Accordingly, the promotion of the Company's shares will not be subject to the FCA's restriction on promotion of non-mainstream pooled investments.

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 - 15 January 2014

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 2013
Currency GBP
NAV 95.0 pence
Share Price (mid) 81.0 pence
Discount 14.7%


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 Shareholding  |  Announced - 09 January 2014

The Company has been informed of the following transactions in its ordinary shares by Group Company Directors on 3 and 7 January 2014 as follows:

Mrs EW Houston, a non-executive Director of a subsidiary (El Oro and Exploration Company Limited), on 3 January 2014 transferred 123,280 ordinary shares in the Company at 79.5 pence per share between family accounts and trusts.

Mr CRW Parish, an executive Director, on 3 January 2014 transferred 108,693 ordinary shares in the Company at 79.5 pence per share as a Trustee for family trusts.

Mr CRW Parish, an executive Director of the Company, on 7 January 2014 sold 100,000 ordinary shares in the Company at 81.0 pence per share and transferred 100,000 into a family trust from his personal holdings.

Following this transaction:
Mr CRW Parish has a beneficial holding in the Company, following the notification of these transactions, of 6,577,085 ordinary shares representing 10.20% of the Company together with a non-beneficial holding of 10,659,011 ordinary shares representing 16.54% of the Company. This represents an interest of 26.74% 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 6,122,881 representing 9.50% of the Company together with a non-beneficial holding of 3,960,752 ordinary shares representing 6.14% of the Company. This represents an interest of 15.64% 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

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