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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
El Oro Ltd | LSE:ELX | London | Ordinary Share | GG00B77Q7194 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 65.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMELX
RNS Number : 3542C
El Oro Ltd
14 June 2019
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA OR THE REPUBLIC OF SOUTH AFRICA
14 June 2019
El Oro Ltd
Scheme Timetable Update
On 24 May 2019, El Oro Ltd (the "Company") published a Circular (the "Circular") in relation to proposals for the voluntary winding-up and reconstruction of the Company with rollover options into JPMorgan Elect plc ("Proposals") by way of a scheme of reconstruction of the Company (the "Scheme").
The Circular set out an expected timetable of the Proposals (the "Timetable"). The Circular stated that heads of terms for the sale of 41 Cheval Place, a freehold property in the Company's portfolio (the "Freehold Property") had been signed on 16 May, 2019. The Circular stated that in the event that the net proceeds of the expected sale of the Freehold Property had not been received prior to 5.00 p.m. on 18 June 2019, (being the expected Calculation Date) the Company may postpone the Calculation Date. The Company now confirms that the completion date for the Freehold Property sale, has been set for 27 June 2019 and therefore the Timetable has been updated accordingly.
The full timetable is set out below, with the updated dates shown in bold:
2019 Time from which it is advised that dealings 6.00 p.m. on 14 June in the Shares should only be for cash settlement and immediate delivery of documents of title Latest time and date for receipt of Forms 1.00 p.m. on 17 June of Election or TTE Instructions from Eligible Shareholders Closing of the Company's register of members 6.00 p.m. on 17 June and Record Date for participation in the Proposals Latest time and date for receipt of Forms 12 noon on 18 June of Proxy from Shareholders in respect of the EGM Shares disabled in CREST 6.00 p.m. on 19 June Listing of Shares on the Official List 6.00 p.m. on 19 June of TISEA suspended Extraordinary General Meeting 12 noon on 20 June RNS Announcement of the results of the 20 June EGM and Elections Commencement of the voluntary winding 20 June up of the Company Calculation Date 5.00 p.m. on 27 June Scheme Effective Date and Transfer Date 2 July Admission of JPMorgan Elect Securities 8.00 a.m. on 3 July issued under the Scheme and dealings in such JPMorgan Elect Securities commence Cheques expected to be despatched and on or as soon as practicable CREST payments made to Shareholders in after 3 July respect of the Cash Option Share certificates for JPMorgan Elect week commencing 15 Securities issued under the Scheme expected July to be despatched Cancellation of the listing of the Shares 22 July on the Official List of TISEA
Each of the times and dates in the updated timetable above may (where permitted by law) be extended or brought forward without further notice. If any of the above times and/or dates change, the revised time(s) and/or date(s) will be notified to Shareholders by an announcement through a Regulatory Information Service. All references to times in this document are to London time.
Capitalised terms used but not defined in this announcement will have the same meaning as set out in the Circular.
For further information:
El Oro Ltd Robin Woodbine Parish, Chairman robin@eloro.co.uk Una Ni Dhonaill una@eloro.co.uk Aztec Financial Services (Guernsey) Limited Chris Copperwaite Lucy Smith 01481 748831
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
CIRLLFELRVISLIA
(END) Dow Jones Newswires
June 14, 2019 08:30 ET (12:30 GMT)
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