El Oro Ltd Result of AGM (5003P)
18 November 2016 - 3:30AM
UK Regulatory
TIDMELX
RNS Number : 5003P
El Oro Ltd
17 November 2016
El Oro Ltd
17 November 2016
El Oro Ltd. ("the Company") Registration No: 49778
At the Seventh Annual General Meeting of the Company, held on 17
November 2016, 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 2016.
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 accounts are laid before the Company and to
authorise the Directors to fix their remuneration.
3. To authorise the payment of a final dividend of 2.405 pence for the year-ended 30 June 2016.
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 Ordinary
Shares in the capital of the Company ("Shares") may be purchased
upon or subject to the following conditions:
a) the maximum number of Shares hereby authorised to be purchased is 6,111,558;
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 Channel Islands 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.
Special resolution:
5. To amend the Company's Articles of Incorporation to provide
that the Company be placed into voluntary liquidation within six
months after the end of the 2018 AGM (to be held no earlier than 1
November 2018), unless the Members pass a special resolution at the
2018 AGM (or at an earlier requisitioned general meeting) for the
continuation of the Company.
The Special Resolution was passed by 75.12% of the votes
polled.
For further information, please contact:
C Robin Woodbine Parish: Chairman
El Oro Ltd www.eloro.com 020 7581 2782
Robin Woodbine Parish, Chairman
Una Ni Dhonaill
Company Secretary
Aztec Financial Services (Guernsey) Limited 01481 748831
Christopher Copperwaite
Registered address: 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
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