20 Dec 2018 15:30
El Oro Ltd
20 December 2018
El Oro Ltd. ("the Company") Registration No: 49778
At the Ninth Annual General Meeting of the Company, held on 20 December 2018, 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 2018.
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 ratify the payment of a final dividend of 2.54 pence for the year-ended 30 June 2018.
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 6,317,340;
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.
For further information, please contact:
El Oro Ltd www.eloro.com 020 7581 2782
Robin Woodbine Parish, Chairman
Company Secretary
Aztec Financial Services (Guernsey) Limited 01481 748831
Christopher Copperwaite
Registered address:
PO Box 656, East WingTrafalgar Court, Les BanquesSt Peter Port, Guernsey GY1 3PP
End of announcement