El Oro Ltd Net Asset Value(s) (0280R)
25 Février 2019 - 4:00PM
UK Regulatory
TIDMELX
RNS Number : 0280R
El Oro Ltd
25 February 2019
El Oro Ltd
25 February 2019
El Oro Ltd. ("the Company") Registration No: 49778
Immediate Announcement: Net Asset Values for 31 December 2018
and 31 January 2019
Valuation date 31 December 2018
Currency GBP
NAV 72.5 pence
Share Price (mid) 62.0 pence
Discount 14.5 %
Cash held GBP10.4million (equivalent to 16.5 pence per share)
Valuation date 31 January 2019
Currency GBP
NAV 75.3 pence
Share Price (mid) 62.0 pence
Discount 17.7 %
Cash held GBP17.2million (equivalent to 27.2 pence per share)
The above NAVs reflect:
(i) an adjustment decreasing the value of the portfolio by circa
GBP2.3million being the difference between the fair values of the
portfolio and its net realisable value in light of the pending
reorganisation proposals; and
(ii) recognising a provision of circa GBP0.4million in respect
of estimated reorganisation costs
The combined impact of these two items was to decrease the NAV
as at 31 December 2018 by 4.2p per share.
The Company's Share Price can be found at www.tisegroup.com and
also on SETSqx [ticker - ELX].
For further information, please contact:
Aztec Financial Services (Guernsey) Limited 01481 748831
Chris Copperwaite
El Oro Ltd www.eloro.com 020 7581 2782
Robin Woodbine Parish, Chairman
Una Ni Dhonaill
Registered address: East Wing, Trafalgar Court, Les Banques, St
Peter Port, GY1 3PP
End of announcement
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END
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