Oilex Ltd Appendix 3Y - S Bhandari (4816G)

TIDMOEX

RNS Number : 4816G

Oilex Ltd

20 November 2015

ASX: OEX

AIM: OEX

Appendix 3Y - Relinquishment of options

Mr Sundeep Bhandari has advised the Oilex Board that he has requested the cancellation of 4,000,000 unlisted options issued to him and held in the name of India Hydrocarbons Ltd. Mr Bhandari holds no other unlisted options.

Attached is an Appendix 3Y Change of Director's Interest Notice.

For and on behalf of Oilex Ltd

Ron Miller

Managing Director

For further information, please contact:

 
 Investor Enquiries           Nominated Adviser                  Media Enquires 
  Oilex Ltd                    Strand Hanson Limited              Vigo Communications 
  Ron Miller                   Nominated Adviser                  Public Relations UK 
  Managing Director            Rory Murphy /Ritchie               Patrick d'Ancona / 
  Email: [e-mail]    Balmer                             Chris McMahon 
  Tel: [phone]         Email: [e-mail]    Email: [e-mail] 
  Australia                    Tel: [phone]              [e-mail] 
                               UK                                 Tel: [phone] 
                                                                  UK 
===========================  =================================  ====================================== 
 

LRule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

 
Name of entity OILEX LTD 
------------------------ 
ABN 50 078 652 632 
------------------------ 
 

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

 
 Name of Director      Sundeep Bhandari 
--------------------  ----------------- 
 Date of last notice   10/11/2014 
--------------------  ----------------- 
 

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

 
 Direct or indirect interest         Indirect 
----------------------------------  ------------------------------------------- 
 Nature of indirect interest         India Hydrocarbons Ltd 
  (including registered 
  holder) 
  Note: Provide details 
  of the circumstances 
  giving rise to the relevant 
  interest. 
----------------------------------  ------------------------------------------- 
 Date of change                      19/11/2015 
----------------------------------  ------------------------------------------- 
 No. of securities held              8,600,000 Ordinary Shares 
  prior to change                     4,000,000 $0.15 Unlisted Options expiry 
                                      29/04/2019 
----------------------------------  ------------------------------------------- 
 Class                               Unlisted Options 
----------------------------------  ------------------------------------------- 
 Number acquired                     Not Applicable 
----------------------------------  ------------------------------------------- 
 Number disposed                     4,000,000 $0.15 Unlisted Options expiry 
                                      29/04/2019 relinguished. 
----------------------------------  ------------------------------------------- 
 Value/Consideration                 Nil 
  Note: If consideration 
  is non-cash, provide 
  details and estimated 
  valuation 
----------------------------------  ------------------------------------------- 
 No. of securities held              8,600,000 Ordinary Shares 
  after change 
----------------------------------  ------------------------------------------- 
 Nature of change                    Relinquishment of 4,000,000 $0.15 Unlisted 
  Example: on-market trade,           Options expiry 29/04/2019 
  off-market trade, exercise 
  of options, issue of 
  securities under dividend 
  reinvestment plan, participation 
  in buy-back 
----------------------------------  ------------------------------------------- 
 

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

 
 Detail of contract 
---------------------------- 
 Nature of interest 
---------------------------- 
 Name of registered holder 
  (if issued securities) 
---------------------------- 
 Date of change 
---------------------------- 
 No. and class of securities 
  to which interest related 
  prior to change 
  Note: Details are only 
  required for a contract 
  in relation to which 
  the interest has changed 
---------------------------- 
 Interest acquired 
---------------------------- 
 Interest disposed 
---------------------------- 
 Value/Consideration 
  Note: If consideration 
  is non-cash, provide 
  details and an estimated 
  valuation 
---------------------------- 
 Interest after change 
---------------------------- 
 

Part 3 - Closed Period

 
 Were the interests in            No 
  the securities or contracts 
  detailed above traded 
  during a close period 
  where prior written clearance 
  was required? 
-------------------------------  --- 
 If so, was prior written 
  clearance provided to 
  allow the trade to proceed 
  during this period? 
-------------------------------  --- 
 If prior written clearance 
  was provided, on what 
  date was this provided? 
-------------------------------  --- 
 

19/11/2015

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 20, 2015 07:58 ET (12:58 GMT)