TIDMELX

RNS Number : 7435W

El Oro Ltd

16 November 2017

El Oro Ltd

16 November 2017

El Oro Ltd. ("the Company") Registration No: 49778

At the Eighth Annual General Meeting of the Company, held on 16 November 2017, 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 2017.

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 authorise the payment of a final dividend of 2.42 pence for the year-ended 30 June 2017.

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 6,343,344;

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:

C Robin Woodbine Parish: Chairman

   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 Wing

Trafalgar Court, Les Banques

St Peter Port, Guernsey

GY1 3PP

End of announcement

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 16, 2017 08:42 ET (13:42 GMT)

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