16 Mar 2009 07:00
16 March 2009
El Oro & Exploration Company p.l.c.
Suspension from Trading on AIM
El Oro and Exploration Company p.l.c. announces that, as set out in the Company's scheme document dated 2 February 2009, today will be the final day of dealings in the Company's Stock Units on AIM. The Company's Stock Units will be suspended from trading on AIM at 7a.m. on 17 March 2009, prior to the Court Hearing to sanction the Scheme and confirm the Reduction of Capital.
The Scheme is subject to final sanction by the Court and is expected to become effective on 18 March 2009.
An indicative timetable for the remaining steps to implement the Proposals is set out below.
Timetable
| Suspension from trading of Stock Units on AIM | 7.00 a.m. on 17 March 2009 |
| Court Hearing (to sanction the Scheme and confirm the Reduction of Capital) | 17 March 2009 |
| Effective Date of the Scheme | 18 March 2009 |
| Cancellation of admission to trading of Stock Units on AIM | 7.00 a.m. on 19 March 2009 |
| Admission and first dealing date of New El Oro Shares on CISX | 19 March 2009 |
| CREST accounts credited | 19 March 2009 |
| Latest date for despatch of share certificates in respect of New El Oro Shares | 1 April 2009 |
Any term used but not defined in this announcement is as defined in the scheme document sent to the Company's stockholders on 2 February 2009. All dates and times are London times. Any changes to the above timetable will be announced and made available on the Company's website (www.eloro.co.uk).
For enquiries please contact:
C. Robin Woodbine Parish: Chairman
Steven McKeane: Company Secretary
El Oro and Exploration Company p.l.c.
Tel: 020 7581 2782
Mark Katzenellenbogen
Auden Capital LLP (financial adviser to the Company)
Tel: 020 3008 8832
Philip Secrett
Grant Thornton UK LLP (Nominated Adviser)
Tel: 020 7383 5100