Announcements 2006
Directors PDMR Shareholding | Announced - 3 January 2006
El Oro and Exploration Company p.l.c. was informed on 3 January 2006 by C.R.W. Parish, an executive director of the company that he purchased 3 ordinary 5p stock units in the company on 30 December 2005. The price he paid was £6.09 per
stock unit. His total holding in the company, following the notification of this purchase is 866,679.
C.R.W. Parish - Chairman and Managing Director
Interim Results (12 months) 31 December 2005 | Announced - 28 April 2006
El Oro Ltd announces its interim results for the 12 months ending 31 December 2005.
Extracts from the preliminary interim are set out below.
For further information, please contact:
C Robin Woodbine Parish: Chairman
Steven McKeane
El Oro Ltd
Tel: 020 7581 2782
Change of Ex-Dividend Date | Announced - 2 May 2006
Further
to the announcement that the Company made on Friday 28 April at
12.20, I wish to advise a change of the record date (ex dividend
date) of the interim dividend from 20 September 2006 to 22 September
2006.
C.R.W. Parish - Chairman and Managing Director
EGM for Change to AIM | Announced - 9 June 2006
Not
for release, publication or distribution in whole or in part in,
into, or from the United States, Canada, Australia or Japan
Proposed
Cancellation of Listing on the Official List and Admission to
trading on AIM and Notice of Extraordinary General Meeting Introduction
In the Chairman's statement published on 28 April 2006 within
the second interim results, stockholders were informed that the
Board was, inter alia, reviewing the Company’s listing on
the Official List of the UK Listing Authority. In the light of
recent legislation and the regulatory burden facing listed companies,
your Board has decided that the future of your company would be
enhanced by transferring to the Alternative Investment Market.
This market, operated and regulated by the London Stock Exchange
plc, has an established reputation with investors and analysts.
We believe your company will be better served being admitted to
trading alongside others of a similar stature and sharing characteristics
in common than continuing beside the behemoths of the quoted arena.
Accordingly,
the Company intends to apply formally to the UKLA to cancel the
listing of its Stock Units on the Official List, and in accordance
with the Listing Rules, an Extraordinary General Meeting is being
convened at which a resolution will be proposed to cancel the
listing of the Company’s Stock Units on the Official List
and to authorise the Directors to apply for the Company’s
issued Stock Units to be admitted to trading on AIM.
A circular is today being sent to stockholders to provide them
with details of the business to be conducted at the Extraordinary
General Meeting of the Company to be held at 41 Cheval Place,
London SW7 1EW at 11.15 a.m. on 28 June 2006 and to explain why
the Directors believe that the Proposals are in the best interests
of the Company and its Stockholders as a whole.
The
Company has appointed Grant Thornton Corporate Finance to act
as its nominated adviser in relation to the Company’s proposed
admission to AIM.
At the EGM, Stockholders will be asked to approve the Cancellation
in light of the proposed transfer of trading of the Stock Units
to AIM. In accordance with the Listing Rules, the Resolution
must be carried by a majority of not less than 75 per cent. of
the holders of the Stock Units (being entitled to do so) who vote
in person or by proxy. Stockholders’ approval is not required
for Admission. Accordingly, the Resolution will be proposed as
an extraordinary resolution.
Also, in accordance with the Listing Rules, cancellation of the
Listing will (if the Resolution is passed at the EGM) take effect
not less than 20 business days after the date of the EGM and it
is expected that such Cancellation and Admission will occur on
or around 27 July 2006.
Background to and reasons for the Proposals
The Board has felt for some time that the cost of administering
the compliance burden that applies to listed companies is considerable
and disproportionate to the size of the Company.
The
obligations of an AIM company are similar to those of a company
on the Official List with certain exceptions, of which the significant
ones are referred to below:
- For AIM companies, prior shareholder approval is only required
for reverse-takeovers and disposals that result in a fundamental
change of business. Under the Listing Rules, a broader range
of transactions requires shareholder approval.
- There is no requirement under the AIM Rules for listing particulars
or admission documents for further issues of securities although
there may be other legal reasons for a prospectus to be required.
- Under the AIM Rules, a Nominated Adviser is required at all
times which has ongoing responsibilities to the London Stock
Exchange. In addition, a broker is required at all times.
- The Combined Code does not apply directly to AIM companies although
it is still considered good practice to comply with the provisions
in so far as they are relevant to the size and type of the AIM
company.
Further, the Directors
believe that AIM provides a more flexible environment and a proven
successful alternative in which the Company will better be able
to:
- Achieve its business and strategic objectives;
- Reduce the formalities associated with maintaining a listing
on a regulated market, whilst continuing to provide a platform
for trading in its Stock Units; and
- Reduce costs and formalities associated with future potential
transactions and other actions by the Company.
Liquidity
on AIM is currently provided by market makers who are member firms
of the London Stock Exchange and are obliged to quote a price
in shares between 8.00 a.m. and 4.30 p.m. on business days.
As
part of the AIM admission process, the Company will publish before
the EGM, on its website, special purpose audited consolidated
accounts prepared in accordance with IFRS in respect of the period
to 31 December 2005. Following Admission, the Company will continue
to prepare its consolidated accounts in accordance with IFRS.
The Company and the other members of its group will also, going
forward, prepare statutory individual company accounts under UK
GAAP, which, as the Company will no longer be listed on the main
market of the London Stock Exchange, do not need to be prepared
in accordance with FRS 26.
Expected Timetable of Key Events
|
All
references to time in this document are to UK time. |
|
|
Latest
time and date for receipt of Forms of Proxy for the Extraordinary
General Meeting |
11.15
a.m. on 26 June 2006 |
|
Extraordinary
General Meeting |
11.15
a.m. on 28 June 2006 |
|
De-listing
of the Stock Units from the Official List (assuming the Resolution
is passed) |
8.00
a.m. on 27 July 2006 |
|
Anticipated
admission to trading on AIM |
8.00 a.m. on
27 July 2006 |
Enquires:
Robin Woodbine Parish
El Oro and Exploration Company plc
Tel: 0207 581 2782
Philip
Secrett
Grant Thornton Corporate Finance
Tel: 0207 383 5100
Definitions
Words and expressions used in this announcement shall, unless
the context otherwise requires, bear the same meanings as the
definitions in the circular to stockholders dated 9 June 2006.
Non-Statutory Accounts December 2005 | Announced - 26 June 2006
El Oro Ltd announces its non-statutory accounts for December 2005.
Extracts from the accounts are set out below.
For further information, please contact:
C Robin Woodbine Parish: Chairman
Steven McKeane
El Oro Ltd
Tel: 020 7581 2782
Results of Extraordinary General Meeting | Announced - 28 June 2006
At
the Extraordinary General Meeting of the Company held today at
41 Cheval Place, London SW7 1EW at 11.15 a.m. the resolution to
approve the Proposed Cancellation of Listing on the Official List
and Admission to trading on AIM was approved. In accordance with
the Listing Rules, the Resolution was carried by a majority of
not less than 75 per cent. of the holders of the Stock Units (being
entitled to do so) who vote in person or by proxy at the meeting.
Enquires:
C Robin Woodbine Parrish: Chairman
El Oro and Exploration p.l.c.
Tel: 020 7383 5100
Graeme
Thom: Nominated Adviser
Grant Thornton Corporate Finance
Tel: 0870 991 2790
Move to AIM | Announced - 25 July 2006
The
Directors of the Company are pleased to announce that, following
the approval by stockholders to cancel the Listing on the Official
List, application has been made for the whole of the Company's
issued share capital of 10,835,701 Stock Units of 5p each, fully
paid to be admitted to trading on AIM, a market operated by
the London Stock Exchange.
Dealings will commence on Thursday 27 July 2006. Both the Code
("ELX") and the ISIN number ("GB0003265021")
will remain unchanged.
At the same time the Company's Official Listing will be cancelled.
Enquires:
C Robin Woodbine Parrish: Chairman
El Oro and Exploration p.l.c.
Tel: 020 7383 5100
Graeme
Thom: Nominated Adviser
Grant Thornton Corporate Finance
Tel: 0870 991 2790
Directors PDMR Shareholding | Announced - 1 August 2006
El
Oro and Exploration Company p.l.c. was informed on 31 July 2006
by C.R.W. Parish, an executive director of the company that he
purchased 7,000 ordinary 5p stock units in the company that day.
The price he paid was £5.45 per stock unit. His total holding
in the company, following the notification of this purchase is
873,679. The stock units were purchased for his pension fund.
C.R.W. Parish - Chairman and Managing Director
Directors PDMR Shareholding | Announced - 1 August 2006
Further
to the announcement made earlier today (morning of the 01 August
2006), El Oro and Exploration Company p.l.c. was informed on 31
July 2006 by C.R.W. Parish, an executive director of the company
that he purchased 23,000 ordinary 5p stock units in the company
that day. The price he paid was £5.45 per stock unit. His
total holding in the company, following the notification of this
purchase is 896,679. The stock units were purchased for his pension
fund.
C.R.W. Parish - Chairman and Managing Director
Directors PDMR Shareholding | Announced - 2 August 2006
Further
to the announcement made at 3.47pm yesterday, the 23,000 ordinary
5p stock units that C.R.W. Parish, an executive director of El
Oro and Exploration Company p.l.c. purchased in that company,
were for his own account and not for his pension fund.
C.R.W. Parish - Chairman and Managing Director
Directors PDMR Shareholding | Announced - 4 August 2006
El
Oro and Exploration Company p.l.c was informed on 03 August 2006
by Robert E Wade, a non-executive director of the company that
he purchased 4,000 ordinary 5p stock units in the company on that
day. The price he paid was £5.50 per stock unit. His total
holding in the company following the notification of his purchase
is 62,712.
C.R.W. Parish - Chairman and Managing Director
Directors PDMR Shareholding | Announced - 4 August 2006
El
Oro and Exploration Company p.l.c was informed on 03 August 2006
by J. Anthony Wild, a non-executive director of the company that
he purchased 2,500 ordinary 5p stock units in the company on that
day. The price he paid was £5.50 per stock unit. His total
holding in the company following the notification of his purchase
is 25,000.
C.R.W. Parish - Chairman and Managing Director
Directors PDMR Shareholding | Announced - 4 August 2006
Further
to the announcement made at 11:36am on 02 August 2006, 1000 of
the 23,000 stock units that C.R.W. Parish bought were not for
his own account but were made on behalf of members of his family.
The details are shown in the following table.
C.R.W.
Parish & L.J. Parish |
|
|
For
A.G.W. Parish |
200 |
|
For
E.C.W. Parish |
75 |
|
In
the name of Mrs E.C. Parish for A.J.W. Parish |
275 |
|
In
the name of Mrs E.C. Parish for N.E.W. Parish |
150 |
|
In
the name of Mrs E.C. Parish for A.G.W. Parish |
75 |
|
|
|
Mr
G. & Mrs. C.W. Zegos |
|
|
In
the name of Mrs E.C. Parish for Constantinos Zegos |
225 |
|
|
In
addition El Oro and Exploration Company p.l.c. was informed by
C.R.W. Parish on the 03 August 2006 that a purchase was made of
5,740 stock units in the name of Mrs E.C. Parish for Zoe Kumaramangalam.
The price paid was 505p per stock unit.
C.R.W.
Parish - Chairman and Managing Director
Directors PDMR Shareholding | Announced - 4 August 2006
Further
to our announcement earlier today regarding the purchase of 5,740
stock units in the company, in the name of Mrs E.C. Parish for
Zoe Kumaramangalam, the price paid was 550p and not 505p per stock
unit.
C.R.W. Parish - Chairman and Managing Director
Directors PDMR Shareholding | Announced - 22 August 2006
El
Oro and Exploration Company p.l.c. (the "Company") was
informed on 18 August 2006 by The Hon. Mrs. E. C. Parish, an executive
director of the Company of the transfer of 33,708 stock units on
18 August 2006 to her grandchildren and trusts for her grandchildren
none of whom are directors of the Company.
The
price at the time of transfer was 545.5p per stock unit.
As
a result of the transfer The Hon. Mrs. E. C. Parish's holding
is now 331,463 stock units and now represents 3.06% of the Company’s
issued stock units.
As
a result of the transfer C. R. W. Parish's non-beneficial holding
now represents approximately 14.34% of the Company's issued stock
units.
As
a result of the transfer Mrs. C. W. Zegos's non-beneficial holding
now represents approximately 4.90% of the Company's issued stock
units.
As
a result of the transfer Mrs. E. W. Houston's non-beneficial holding
now represents approximately 6.58% of the Company's issued stock
units.
The
above non-beneficial holdings are held through interests as trustees
of several family trusts in the stock units of the Company and
may result in a degree of duplication.
C.R.W. Parish - Chairman and Managing Director
Directors PDMR Shareholding | Announced - 11 September 2006
El
Oro and Exploration Company p.l.c. (the "Company") was
informed of the following purchases of stock units by Directors
of the Company on 7 September 2006 as follows:
Mr.
C.R.W. Parish, an executive director of the Company, purchased
2,500 ordinary 5p stock units in the Company. The price paid was
£5.25 per stock unit.500
of the 2,500 stock units that Mr. C.R.W. Parish purchased were
made on behalf of his son, Mr. A.G.W. Parish, who is a minor.
Mr.
C.R.W. Parish has a beneficial holding in the Company, following
the notification of this purchase is 899,179 representing 8.34%
of the Company together with a non-beneficial holding of 1,558,684
stock units, representing 14.45% of the Company.
Mr.
R.E. Wade, a non-executive director of the Company purchased 1,000
ordinary 5p stock units in the Company. The price paid was £5.25
per stock unit.Mr.
R.E. Wade has a total holding in the Company, all of which he
beneficially owns, following the notification of this purchase
is 59,712 representing 0.55% of the Company.Mrs.
E.W. Houston, a non-executive director of the Company purchased
7,000 ordinary 5p stock units in the Company. The price paid was
£5.25 per stock unit.1,250
of the 7,000 stock units that Mrs E.W. Houston purchased were
made on behalf of Mr. C. Houston, her husband.4,500
ordinary 5p stock units in the Company were purchased for the
childrens’ trusts of Mrs. E.W. Houston’s children.
The price paid was £5.25 per stock unit.
Mrs.
E.W. Houston has a beneficial holding in the Company, following
the notification of this purchase is 1,114,737 representing 10.34%
of the Company together with a non-beneficial holding of 535,589
stock units, representing 4.97% of the Company.
Cancellation of Shares
Also,
on 7 September 2006, the Company purchased for cancellation 51,500
stock units. The price paid was £5.25 per stock unit. Following
the cancellation of these stock units there are now 10,784,201
stock units in issue.
For further information, please contact:
C Robin Woodbine Parish: Chairman
Steven McKeane: Company Secretary
El Oro and Exploration Company plc
Tel: 020 7581 2782
Philip Secrett: Nominated Adviser
Grant Thornton Corporate Finance
Tel: 020 7383 5100
Notice of final results | Announced - 12 September 2006
El Oro and Exploration Company p.l.c. (the "Company") will announce its final results for the eighteen month period ending 30 June 2006 in late October 2006.
For further information, please contact:
C Robin Woodbine Parish: Chairman
Steven McKeane: Company Secretary
El Oro and Exploration Company plc
Tel: 020 7581 2782
Philip Secrett: Nominated Adviser
Grant Thornton Corporate Finance
Tel: 020 7383 5100
Preliminary Statement - 30 June 2006 | Announced - 1 November 2006
El Oro Ltd announces its preliminary results for the six months ending 30 June 2006.
Extracts from the preliminary results are set out below.
For further information, please contact:
C Robin Woodbine Parish: Chairman
Steven McKeane
El Oro Ltd
Tel: 020 7581 2782
Directors PDMR Shareholding | Announced - 8 November 2006
El
Oro and Exploration Company p.l.c. ("El
Oro" or the "Company") was informed on 7 November
2006 of the following purchases of stock units by directors of
the Company on 6 November 2006 as follows:
Mr.
C.R.W. Parish, an executive director of the Company, purchased
6,800 ordinary 5p stock units in the Company at £6.50 per
stock unit and 1,265 ordinary 5p stock units in the Company at
£6.55 per stock unit. 6000 of the 8,065 stock units that
Mr. C.R.W. Parish purchased were for his pension fund.
1,125
of the 8,065 stock units that Mr. C.R.W. Parish purchased were
made on behalf of his children who are all minors.
940
of the 8,065 stock units that Mr. C.R.W. Parish purchased were
made on behalf of his children for trust accounts in the name
of Mrs. E.C. Parish.
Mr.
C.R.W. Parish has a beneficial holding in the Company, following
the notification of this purchase of 907,244 representing 8.41%
of the Company together with a non-beneficial holding of 1,561,664
stock units, representing 14.48% of the Company.
Mrs.
E.W. Houston, a non-executive director of the Company purchased
2,500 ordinary 5p stock units in the Company. The price paid was
£6.50 per stock unit.
2,500
ordinary 5p stock units were purchased for Mrs. E. W. Houston’s
children trust accounts in the name of Mrs. E.C. Parish. The price
paid was £6.55.
Mrs.
E.W. Houston has a beneficial holding in the Company, following
the notification of this purchase is 1,117,237 representing 10.36%
of the Company together with a non-beneficial holding of 538,089
stock units, representing 4.99% of the Company.
For further information, please contact:
C Robin Woodbine Parish: Chairman
Steven McKeane: Company Secretary
El Oro and Exploration Company plc
Tel: 020 7581 2782
Philip Secrett: Nominated Adviser
Grant Thornton Corporate Finance
Tel: 020 7383 5100
AGM Resolution Results | Announced - 12 December 2006
The Company announces that all resolutions were duly passed at its Annual General Meeting held earlier today.
Change of Company Secretary:
At the AGM of the Company, Steven McKeane was appointed company secretary/financial controller. The Chairman thanked Chris Burman for his contributions to the Company during the past five years
For further information, please contact:
C Robin Woodbine Parish: Chairman
Steven McKeane: Company Secretary
El Oro and Exploration Company plc
Tel: 020 7581 2782
Philip Secrett: Nominated Adviser
Grant Thornton Corporate Finance
Tel: 020 7383 5100
Total Voting Rights | Announced - 21 December 2006
In conformity with the Transparency Directive's transitional provision 6, El Oro and Exploration Company p.l.c. ("El Oro" or the "Company") notifies the market of the following:
As at the date of this announcement, the Company's issued share capital consists of 10,784,201 ordinary stock units ('Ordinary Stock Units'), with voting rights. The Company does not hold any Ordinary Stock Units in Treasury.
Therefore, the total number of Ordinary Stock Units with voting rights is 10,784,201.
The above figure of 10,784,201 Ordinary Stock Units may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.
For further information, please contact:
C Robin Woodbine Parish: Chairman
Steven McKeane: Company Secretary
El Oro and Exploration Company plc
Tel: 020 7581 2782
Philip Secrett: Nominated Adviser
Grant Thornton Corporate Finance
Tel: 020 7383 5100