5 Dec 2011 11:25
El Oro Ltd (the "Company")
5 December 2011
Directors Shareholding
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 29 November 2011 as follows:
Mrs EW Houston, a non-executive Director of the subsidiary company, sold 9,800 ordinary shares in the Company at £1.17 per share. This sale of 9,800 ordinary shares was from a family trust for her children.
Mrs EW Houston, a non-executive Director of the subsidiary company, transferred 9,800 ordinary shares in the Company for no consideration to her husband.
Following this transaction:
Mr CRW Parish has a beneficial holding in the Company, following the notification of these transactions, of 6,426,246 ordinary shares representing 9.94% 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 26.39% 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 6,149,631 representing 9.51% of the Company together with a non-beneficial holding of 3,945,252 ordinary shares representing 6.10% 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 01481 732814
Gillian Newton
El Oro Ltd 020 7581 2782 www.eloro.com
Robin Parish, Chairman
Steven McKeane