28 Jan 2014 15:30
El Oro Ltd. (the 'Company')
Non-Mainstream Pooled Investments
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.
Enquiries: |
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Gillian Newton Dexion Capital (Guernsey) Limited |
Tel: +44 (0) 1481 743940 |
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