ELX.L Regulatory News (ELX)

28 Jun 2006 16:23

AIM28 June 2006 ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH AIM RULE 2 ALL APPLICANTS MUST COMPLETE THE FOLLOWING: COMPANY NAME:El Oro and Exploration Company p.l.c. COMPANY ADDRESS:41 Cheval PlaceLondonCOMPANY POSTCODE:SW7 1EW COUNTRY OF INCORPORATION:England & Wales COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY TO BE DISCLOSED INACCORDANCE WITH SCHEDULE 2, PARAGRAPH (J) OF THE AIM RULES:The principal activity of the Company is dealing in listed and unlisted investments. The Company is fully invested andhas a spread of investments both geographically and across a variety of industries. Most of the holdings of significant value exceed £500,000 and these holdings, at 31 December 2005, had a fair value ofover £50 million. The Company pursues a passive investment policy. The Managing Director has been successfully involved in the management of the Company and its investment portfolio forover 27 years; moreover the Directors together possess a wide spread of investment experience in the property, utility,oil-services and energy sectors, in addition to the United States fund management industry. DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price to which itseeks admission and the number and type to be held as treasury shares):10,835,701 stock units of 5 pence each CAPITAL TO BE RAISED ON ADMISSION:Nil FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:DirectorsClement Robin Woodbine Parish - Chairman and Managing DirectorThe Hon. Mrs Elizabeth Campbell Parish - Executive DirectorEmma Woodbine Houston - Non Executive DirectorDavid Richard Lindsay Hunting - Non Executive DirectorRobert Elmer Wade - Non Executive DirectorJames Anthony Wild - Non Executive Director PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITALBEFORE AND AFTER ADMISSION:(Before and on admission)Holder Total Beneficial Non-beneficial*Mr C R W Parish 22.24% 8.00% 14.24%Mr W B & Mrs P Fraser 17.68% 0.07% 17.61%JM Finn Nominees Limited 17.37% - 17.37%Mrs E W Houston 15.06% 10.26% 4.80%Mr S B & Mrs S W Kumaramangalam 14.81% 9.81% 5.00%Mr G & Mrs C W Zegos 10.99% 6.55% 4.44%The Hon. Mrs E C Parish 3.37% 3.37% - * Non-beneficial holdings are held through interests as trustees of several family trusts is Stock units of the Companyand may result in a degree of duplication. NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:None ANTICIPATED ACCOUNTING REFERENCE DATE:30 June EXPECTED ADMISSION DATE:27 July 2006 NAME AND ADDRESS OF NOMINATED ADVISER:Grant Thornton Corporate FinanceGrant Thornton HouseMelton StreetEuston SquareLondon NW1 2EP NAME AND ADDRESS OF BROKER:JM FinnSalisbury HouseLondon WallLondonEC2M 5TA DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THISWILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:N/A - Transfer to AIM from the Official List, no Admission Document required. DATE OF NOTIFICATION:27 June 2006 NEW/ UPDATE (see note):New QUOTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING: THE NAME OF THE AIM DESIGNATED MARKET UPON WHICH THE APPLICANT'S SECURITIES HAVE BEEN TRADED:Official List of London Stock Exchange THE DATE FROM WHICH THE APPLICANT'S SECURITIES HAVE BEEN SO TRADED:The exact date is not known but the Company has been a listed entity for over 100 years CONFIRMATION THAT, FOLLOWING DUE AND CAREFUL ENQUIRY, THE APPLICANT HAS ADHERED TO ANY LEGAL AND REGULATORYREQUIREMENTS INVOLVED IN HAVING ITS SECURITIES TRADED UPON SUCH A MARKET:Confirmed AN ADDRESS OR WEB-SITE ADDRESS WHERE ANY DOCUMENTS OR ANNOUNCEMENTS WHICH THE APPLICANT HAS MADE PUBLIC OVER THE LASTTWO YEARS (IN CONSEQUENCE OF HAVING ITS SECURITIES SO TRADED) ARE AVAILABLE:www.eloro.co.uk DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITSINVESTMENT STRATEGY:The Company's strategy following its admission will be to continue to its investment policy as set out above. A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION OF THE APPLICANT, WHICH HAS OCCURRED SINCE THEEND OF THE LAST FINANCIAL PERIOD FOR WHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED:There has been no significant change in the financial and trading position of the Company since the end of the lastfinancial period for which audited statements have been published save for the movements in the market value of theCompany's investments which have occurred over the period between on 31 December 2005 and 28 June 2006. A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT THE WORKING CAPITAL AVAILABLE TO IT ORITS GROUP WILL BE INSUFFICIENT FOR AT LEAST TWELVE MONTHS FROM THE DATE OF ITS ADMISSION:The Directors have no reason to believe that the working capital available to the continuing group will be insufficientfor at least 12 months from the date of admission. DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES:No "lock-in" arrangements are required. A BRIEF DESCRIPTION OF THE ARRANGEMENTS FOR SETTLING THE APPLICANT'S SECURITIES:Settlement will be via CREST. A WEBSITE ADDRESS DETAILING THE RIGHTS ATTACHING TO THE APPLICANT'S SECURITIES:www.eloro.co.uk INFORMATION EQUIVALENT TO THAT REQUIRED FOR AN ADMISSION DOCUMENT WHICH IS NOT CURRENTLY PUBLIC:None A WEBSITE ADDRESS OF A PAGE CONTAINING THE APPLICANT'S LATEST ANNUAL REPORT AND ACCOUNTS WHICH MUST HAVE A FINANCIALYEAR END NOT MORE THEN NINE MONTHS PRIOR TO ADMISSION AND FULLY AUDITED INTERIM RESULTS WHERE APPLICABLE. THE ACCOUNTSMUST BE PREPARED ACCORDING TO UK OR US GAAP OR INTERNATIONAL ACCOUNTING STANDARDS:www.eloro.co.uk THE NUMBER OF EACH CLASS OF SECURITIES HELD IN TREASURY:None This information is provided by RNS The company news service from the London Stock Exchange