El Oro Ltd Result of AGM (1707L)
21 December 2018 - 2:30AM
UK Regulatory
TIDMELX
RNS Number : 1707L
El Oro Ltd
20 December 2018
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 Wing
Trafalgar Court, Les Banques
St Peter Port, Guernsey
GY1 3PP
End of announcement
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END
RAGFEWFISFASEFE
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