El Oro Ltd

Announcements 2017

Key Information Document ("KID")  |  Announced - 21 December 2017

The Company has released a KID in compliance with the Packaged Retail and Insurance-based Investment Products ("PRIIPs") Regulation that will come into effect in January 2018.

The KID is available on the home page of the Company's website.

Click here to download the document

 

 

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

Aztec Financial Services (Guernsey) Limited
Chris Copperwaite
Tel: 01481 748831

NAV announcement  |  Announced - 15 December 2017

El Oro Ltd. (“the Company") Registration No: 49778.

Immediate Announcement:

Net Asset Value  
Valuation date 30 November 2017
Currency GBP
NAV 86.8 pence
Share Price (mid) 70.0 pence
Discount 19.4%


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

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

Aztec Financial Services (Guernsey) Limited
Chris Copperwaite
Tel: 01481 748831

Results of AGM  |  Announced - 16 November 2017

At the Eighth Annual General Meeting of the Company, held on 16 November 2017, all resolutions were approved and agreed:

Ordinary resolutions:

  • 1) To receive the Directors’ report and the consolidated financial statements for the year ended 30 June 2017.
  • 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 financial statements are laid before the Company and to authorise the Directors to fix their remuneration.
  • 3) To authorise the payment of a final dividend of 2.42 pence for the year-ended 30 June 2017.
  • 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 6,343,344;
    • 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 International 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.

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

Aztec Financial Services (Guernsey) Limited
Chris Copperwaite
Tel: 01481 748831

NAV announcement  |  Announced - 16 November 2017

El Oro Ltd. (“the Company") Registration No: 49778.

Immediate Announcement:

Net Asset Value  
Valuation date 31 October 2017
Currency GBP
NAV 91.0 pence
Share Price (mid) 65.0 pence
Discount 28.6%


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

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

Aztec Financial Services (Guernsey) Limited
Chris Copperwaite
Tel: 01481 748831

NAV announcement  |  Announced - 13 October 2017

El Oro Ltd. (“the Company") Registration No: 49778.

Immediate Announcement:

Net Asset Value  
Valuation date 30 September 2017
Currency GBP
NAV 89.6 pence
Share Price (mid) 67.0 pence
Discount 25.2%


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

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

Aztec Financial Services (Guernsey) Limited
Chris Copperwaite
Tel: 01481 748831

NAV announcement  |  Announced - 05 October 2017

El Oro Ltd. (“the Company") Registration No: 49778.

Immediate Announcement:

Net Asset Value  
Valuation date 31 August 2017
Currency GBP
NAV 90.6 pence
Share Price (mid) 67.0 pence
Discount 26%


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

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

Aztec Financial Services (Guernsey) Limited
Chris Copperwaite
Tel: 01481 748831

Notice of Annual General Meeting and proposed amendment to articles of incorporation  |  Announced - 26 September 2017

NOTICE IS HEREBY GIVEN that the Company’s EIGHTH ANNUAL GENERAL MEETING and the ONE HUNDRED AND THIRTEENTH ANNUAL GENERAL MEETING OF THE EL ORO GROUP will be held on 16 November 2017 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 2017.
  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 financial statements are laid before the Company and to authorise the Directors to fix their remuneration.
  3. To authorise the payment of a final dividend of 2.42 pence for the year-ended 30 June 2017.
  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:
    • a) the maximum number of Shares hereby authorised to be purchased is 6,343,344;
    • b) 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 International 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
    • c) 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
Una Ni Dhonaill
El Oro Ltd
Tel: 020 7581 2782

Aztec Financial Services (Guernsey) Limited
Chris Copperwaite
Tel: 01481 748831

Annual Report at 30 June 2017  |  Announced - 26 September 2017

The Directors are pleased to announce the audited Financial Statements for the year ended 30 June 2017 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
Una Ni Dhonaill
El Oro Ltd.
Tel: 020 7581 2782

Aztec Financial Services (Guernsey) Limited
Chris Copperwaite
Tel: 01481 748831

Click here to download the document

Final Dividend to 30 June 2017  |  Announced - 26 September 2017

The Directors of El Oro Ltd have declared a final dividend of 2.42 pence for the year-ended 30 June 2017 payable on 27 November 2017 to Members registered on the books of the Company at the close of business on 27 October 2017. The ex-dividend date will be 26 October 2017.

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

Aztec Financial Services (Guernsey) Limited
Chris Copperwaite
Tel: 01481 748831

Final Results - 30 June 2017  |  Announced - 26 September 2017

El Oro Ltd announces its final results for the year ended 30 June 2017.

Extracts from the final results are set out below.

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

Aztec Financial Services (Guernsey) Limited
Chris Copperwaite
Tel: 01481 748831

Click here to download the document

NAV announcement  |  Announced - 11 August 2017

El Oro Ltd. (“the Company") Registration No: 49778.

Immediate Announcement:

Net Asset Value  
Valuation date 31 July 2017
Currency GBP
NAV 88.7 pence
Share Price (mid) 67.0 pence
Discount 24.5%


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

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

Aztec Financial Services (Guernsey) Limited
Chris Copperwaite
Tel: 01481 748831

NAV announcement  |  Announced - 27 July 2017

El Oro Ltd. (“the Company") Registration No: 49778.

Immediate Announcement:

Net Asset Value  
Valuation date 30 June 2017
Currency GBP
NAV 88.1 pence
Share Price (mid) 65.0 pence
Discount 26.2%


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

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

Aztec Financial Services (Guernsey) Limited
Chris Copperwaite
Tel: 01481 748831

NAV announcement  |  Announced - 19 June 2017

El Oro Ltd. (“the Company") Registration No: 49778.

Immediate Announcement:

Net Asset Value  
Valuation date 31 May 2017
Currency GBP
NAV 89.5 pence
Share Price (mid) 65.0 pence
Discount 27.4%


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

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

Aztec Financial Services (Guernsey) Limited
Chris Copperwaite
Tel: 01481 748831

Directors Dealings   |  Announced - 26 May 2017

Notification of transactions of directors, persons discharging managerial responsibility or connected persons.

1 Details of the person discharging managerial responsibilities / person closely associated
a) Name ROBIN PARISH
2 Reason for the notification
a) Position/status DIRECTOR
b) Initial notification/Amendment INITIAL
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name EL ORO LTD
b) LEI 213800MXA2RGPS4E7W74
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument ORDINARY SHARES
Identification code ELX
b) Nature of the transaction PURCHASE
c) Price(s) and volume(s)
Price(s) Volume(s)
65.0p 1,800
d) Aggregated information AS IN 4 C) ABOVE
– Aggregated volume  
– Price  
e) Date of the transaction 26 MAY 2017
f) Place of the transaction LONDON STOCK EXCHANGE SETSQX TRADING SERVICE

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

Aztec Financial Services (Guernsey) Limited
Chris Copperwaite
Tel: 01481 748831

NAV announcement  |  Announced - 10 May 2017

El Oro Ltd. (“the Company") Registration No: 49778.

Immediate Announcement:

Net Asset Value  
Valuation date 30 April 2017
Currency GBP
NAV 88.6 pence
Share Price (mid) 62.5 pence
Discount 29.5%


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

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

Aztec Financial Services (Guernsey) Limited
Chris Copperwaite
Tel: 01481 748831

Directors Dealings   |  Announced - 02 May 2017

Notification of transactions of directors, persons discharging managerial responsibility or connected persons.

1 Details of the person discharging managerial responsibilities / person closely associated
a) Name ROBIN PARISH
2 Reason for the notification
a) Position/status DIRECTOR
b) Initial notification/Amendment INITIAL
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name EL ORO LTD
b) LEI 213800MXA2RGPS4E7W74
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument ORDINARY SHARES
Identification code ELX
b) Nature of the transaction LUCINDA PARISH PURCHASE INTO ISA
c) Price(s) and volume(s)
Price(s) Volume(s)
64.0p 5,160
d) Aggregated information AS IN 4 C) ABOVE
– Aggregated volume  
– Price  
e) Date of the transaction 28 APRIL 2017
f) Place of the transaction LONDON STOCK EXCHANGE SETSQX TRADING SERVICE

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

Aztec Financial Services (Guernsey) Limited
Chris Copperwaite
Tel: 01481 748831

NAV announcement  |  Announced - 19 April 2017

El Oro Ltd. (“the Company") Registration No: 49778.

Immediate Announcement:

Net Asset Value  
Valuation date 31 March 2017
Currency GBP
NAV 89.7 pence
Share Price (mid) 62.5 pence
Discount 30.3%


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

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

Aztec Financial Services (Guernsey) Limited
Chris Copperwaite
Tel: 01481 748831

Directors Dealings   |  Announced - 04 April 2017

Notification of transactions of directors, persons discharging managerial responsibility or connected persons.

1 Details of the person discharging managerial responsibilities / person closely associated
a) Name ROBIN PARISH
2 Reason for the notification
a) Position/status DIRECTOR
b) Initial notification/Amendment INITIAL
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name EL ORO LTD
b) LEI 213800MXA2RGPS4E7W74
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument ORDINARY SHARES
Identification code ELX
b) Nature of the transaction LUCINDA PARISH SALE FROM OWN NAME HOLDING AND PURCHASE INTO ISA
c) Price(s) and volume(s)
Price(s) Volume(s)
60.0p 30,000
d) Aggregated information AS IN 4 C) ABOVE
– Aggregated volume  
– Price  
e) Date of the transaction 30 MARCH 2017
f) Place of the transaction LONDON STOCK EXCHANGE SETSQX TRADING SERVICE

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

Aztec Financial Services (Guernsey) Limited
Chris Copperwaite
Tel: 01481 748831

NAV announcement  |  Announced - 15 March 2017

El Oro Ltd. (“the Company") Registration No: 49778.

Immediate Announcement:

Net Asset Value  
Valuation date 28 February 2017
Currency GBP
NAV 89.2 pence
Share Price (mid) 62.5 pence
Discount 29.9%


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

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

Aztec Financial Services (Guernsey) Limited
Chris Copperwaite
Tel: 01481 748831

Interim Results at 31 December 2016  |  Announced - 28 February 2017

El Oro Ltd announces its interim results for the six months ended 31 December 2016.

Extracts from the interim results are set out below.

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

Aztec Financial Services (Guernsey) Limited
Chris Copperwaite
Tel: 01481 748831

Click here to download the document

NAV announcement  |  Announced - 10 February 2017

El Oro Ltd. (“the Company") Registration No: 49778.

Immediate Announcement:

Net Asset Value  
Valuation date 31 January 2017
Currency GBP
NAV 87.1 pence
Share Price (mid) 62.5 pence
Discount 28.2%


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

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

Aztec Financial Services (Guernsey) Limited
Chris Copperwaite
Tel: 01481 748831

Related party share transaction at arms-length  |  Announced - 27 January 2017

On 26 January 2017 the Company purchased 282,592 of its ordinary shares on market at a price of 62.5p for cancellation.

Following this cancellation the shares in issue with voting rights will be 63,173,398.

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

Aztec Financial Services (Guernsey) Limited
Chris Copperwaite
Tel: 01481 748831

Directors Dealings   |  Announced - 19 January 2017

Notification of transactions of directors, persons discharging managerial responsibility or connected persons.

1 Details of the person discharging managerial responsibilities / person closely associated
a) Name ROBIN PARISH
2 Reason for the notification
a) Position/status DIRECTOR
b) Initial notification/Amendment INITIAL
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name EL ORO LTD
b) LEI 213800MXA2RGPS4E7W74
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument ORDINARY SHARES
Identification code ELX
b) Nature of the transaction PURCHASE
c) Price(s) and volume(s)
Price(s) Volume(s)
60.0p 36,500
d) Aggregated information AS IN 4 C) ABOVE
– Aggregated volume  
– Price  
e) Date of the transaction 17 JANUARY 2017
f) Place of the transaction LONDON STOCK EXCHANGE SETSQX TRADING SERVICE

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

Aztec Financial Services (Guernsey) Limited
Chris Copperwaite
Tel: 01481 748831

NAV announcement  |  Announced - 17 January 2017

El Oro Ltd. (“the Company") Registration No: 49778.

Immediate Announcement:

Net Asset Value  
Valuation date 31 December 2016
Currency GBP
NAV 84.6 pence
Share Price (mid) 65.0 pence
Discount 23.2%


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

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

Aztec Financial Services (Guernsey) Limited
Chris Copperwaite
Tel: 01481 748831

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