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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Oilex Ld | LSE:OEX | London | Ordinary Share | AU000000OEX8 | 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% | 0.165 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMOEX
RNS Number : 6227U
Oilex Ltd
01 April 2019
ASX Announcement
1 April 2019
ASX: OEX
AIM: OEX
Issue of Shares and Section 708A(5)(e) Notice
Oilex Ltd (the Company) advises that it has issued 4,532,864 new ordinary shares as consideration in lieu of Non-Executive Directors' fees and fees payable to consultants.
These new ordinary shares were issued at a price of AUD $0.005 per ordinary share.
Shares Issued --------------------------- --------------------------- Mr B Lingo 2,228,400 Mr P Haywood 544,464 Consultants 1,760,000 --------------------------- 4,532,864
The issue of shares to Non-Executive Directors in lieu of fees was approved by shareholders on 29 November 2018. The shares issued to consultants is made under the Company's Listing Rule 7.1 capacity.
Oilex gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) (Act) that:
1. Oilex issued the Shares without disclosure to investors under Part 6D.2 of the Act;
2. as at the date of this notice, Oilex has complied with: (a) the provisions of Chapter 2M of the Act as they apply to Oilex; and (b) section 674 of the Act; and
3. as at the date of this notice, there is no information that is 'excluded information' within the meaning of sections 708A(7) and 708A(8) of the Act.
Admission of 4,532,864 shares is expected to become effective and dealings to commence at 8.00 a.m. on 4 April 2019. Following Admission of these shares, the Company will have 2,581,520,863 shares on issue. The Company does not currently hold any shares in treasury. Accordingly, the total number of voting rights will be 2,581,520,863. In addition, please find attached the applicable ASX Appendix 3B.
For and on behalf of Oilex Ltd
Mark Bolton
Chief Financial Officer Company Secretary
For further information, please contact:
Investor AIM Broker AIM Nominated Media Enquires Media Enquiries Enquiries Cornhill Capital Adviser (UK) (Aus) Oilex Ltd Limited Strand Hanson Vigo Citadel-MAGNUS Joe Salomon Broker Limited Communications Michael Weir Managing Daniel Gee Nominated Adviser Public Relations Email: Director Email: Rory Murphy/Ritchie Patrick mweir@citadelmagnus. Email: danielg@cornhillcapital. Balmer d'Ancona/Chris com oilex@oilex. com Email: McMahon Tel: +618 com.au Tel: +44 20 oilex@strandhanson. Email: 6160 4900 Tel: +61 3700 2500 co.uk patrick.dancona@vi Australia 8 9485 3200 UK Tel: +44 20 gocomms.com Australia 7409 3494 chris.mcmahon@vigo UK comms.com Tel:+ 44 20 7390 0230 UK
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
Appendix 3B
New issue announcement,
application for quotation of additional securities
and agreement
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 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13
Name of entity OILEX LTD ABN 50 078 652 632
We (the entity) give ASX the following information.
Part 1 -- All issues
You must complete the relevant sections (attach sheets if there is not enough space).
1 +Class of +securities Fully Paid Ordinary issued or to be issued Shares 2 Number of +securities a) 2,772,864 shares issued or to be issued in lieu of directors' (if known) or maximum fees number which may be issued b) 1,760,000 shares as consideration for consulting services 3 Principal terms of the Fully Paid Ordinary +securities (eg, if options, Shares exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion) 4 Do the (+) securities rank Yes equally in all respects from the date of allotment with an existing +class of quoted +securities? If the additional securities do not rank equally, please state: * the date from which they do * the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment * the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration a) $0.005 per share b) $0.005 per share -------------------------------------- 6 Purpose of the issue a) 2,772,864 shares in lieu of (If issued as consideration directors' fees for the acquisition of b) 1,760,000 shares as consideration assets, clearly identify for consulting services those assets) -------------------------------------- 6a Is the entity an (+) eligible entity that has obtained Yes security holder approval under rule 7.1A? If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i -------------------------------------- 6b The date the security holder resolution under rule 7.1A 29 November 2018 was passed -------------------------------------- 6c Number of (+) securities issued without security Nil holder approval under rule 7.1 -------------------------------------- 6d Number of (+) securities issued with security holder Not applicable approval under rule 7.1A -------------------------------------- 6e Number of +securities issued Not applicable with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting) -------------------------------------- 6f Number of (+) securities Not applicable issued under an exception in rule 7.2 -------------------------------------- 6g If (+) securities issued Not applicable under rule 7.1A was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the (+) issue date and both values. Include the source of the VWAP calculation. -------------------------------------- 6h If (+) securities were issued Not applicable under rule 7.1A for non-cash
consideration, state date on which valuation of consideration was released to ASX Market Announcements 6i Calculate the entity's remaining Listing Rule 7.1: 137,409,930 issue capacity under rule 7.1 Listing Rule 7.1A: 237,008,474 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements 7 (+) Issue dates 1 April 2019 Notes: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in appendix 7A. Cross reference: item 33 of Appendix 3B. --------------------------------------------------------------------------------- 8 Number and +class of all +securities Number (+) Class quoted on ASX (including the (+) securities in section 2 if applicable) --------------------------------- 2,581,520,863 Fully Paid Ordinary Shares --------------------------------- ---------------------------------------------- 9 Number and +class of all +securities Number +Class not quoted on ASX (including the securities in section 2 if applicable) --------------------------------- 91,666,666 Options 60,664,887 ($0.0034, 26/07/2019) 2,222,222 Options 6,666,667 ($0.004121, 1/10/2019) Options (GBP0.00225, 22/05/2020) Options (GBP0.0036, 24/12/2020) --------------------------------- ---------------------------------------------- 10 Dividend policy (in the case Not applicable of a trust, distribution policy) on the increased capital (interests) ---------------------------------------------------------------------------------
Part 2 -- Pro rata issue
11 Is security holder approval Not applicable required? 12 Is the issue renounceable or non-renounceable? 13 Ratio in which the +securities will be offered 14 +Class of +securities to which the offer relates 15 +Record date to determine entitlements 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? 17 Policy for deciding entitlements in relation to fractions 18 Names of countries in which the entity has security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt of acceptances or renunciations 20 Names of any underwriters 21 Amount of any underwriting fee or commission 22 Names of any brokers to the issue 23 Fee or commission payable to the broker to the issue 24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of security holders 25 If the issue is contingent on security holders' approval, the date of the meeting 26 Date entitlement and acceptance form and offer documents will be sent to persons entitled 27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders 28 Date rights trading will begin (if applicable) 29 Date rights trading will end (if applicable) 30 How do security holders sell their entitlements in full through a broker? 31 How do security holders sell part of their entitlements through a broker and accept for the balance? 32 How do security holders dispose of their entitlements (except by sale through a broker)? 33 +Issue date
Part 3 -- Quotation of securities
You need only complete this section if you are applying for quotation of securities
34 Type of securities (tick one) (a) ü (+) Securities described in Part 1 (b) o All other (+) securities Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities Entities that have ticked box 34(a) Additional securities forming a new class of securities Tick to indicate you are providing the information or documents 35 If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders 36 If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over 37 A copy of any trust deed for the additional +securities Entities that have ticked box 34(b) ----------------- 38 Number of securities for which Not applicable +quotation is sought 39 +Class of +securities for which quotation is sought ------------------- 40 Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted +securities? If the additional +securities do not rank equally, please state: * the date from which they do * the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment * the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment ------------------- 41 Reason for request for quotation now
Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another (+) security, clearly identify that other (+) security) ------------------- 42 Number and +class of all +securities Number (+) Class quoted on ASX (including the securities in clause 38) -------
Quotation agreement
1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides.
2 We warrant the following to ASX.
-- The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.
-- There is no reason why those +securities should not be granted +quotation.
-- An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.
Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty
-- Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.
-- If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.
3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.
Mark Bolton
Company Secretary
Date: 1 April 2019
Appendix 3B - Annexure 1
Calculation of placement capacity under rule 7.1 and rule 7.1A for (+) eligible entities
Introduced 01/08/12, Amended 04/03/13
Part 1
Rule 7.1 - Issues exceeding 15% of capital Step 1: Calculate "A", the base figure from which the placement capacity is calculated Insert number of fully paid 1,874,197,579 shares (+) ordinary securities on issue 12 months before the (+) issue date or date of agreement to issue ------------------------------------------------------ Add the following: 90,190,999 shares (Issued 16/11/18) * Number of fully paid (+) ordinary securities issued 10,000,000 shares (Issued 5/12/18) in that 12 month period under an exception in rule 7.2 ------------------------------------------------------ 2,770,800 shares (issued 15/05/2018)* * Number of fully paid (+) ordinary securities issued 125,000,000 shares (Issued 15/05/2018) in that 12 month period with shareholder approval 157,894,737 shares (Issued 17/09/2018) 10,843,344 shares (Issued 26/09/2018) 91,222,451 shares (Issued 26/09/2018) 3,467,070 shares (Issued 26/09/2018)* 1,724,904 shares (Issued 29/11/2018)* 2,772,864 shares (Issued 01/04/2019)^ * approved by shareholders on 29/11/2017 ^ approved by shareholders on 29/11/2018 ------------------------------------------------------ Nil * Number of partly paid (+) ordinary securities that became fully paid in that 12 month period ------------------------------------------------------ Note: * Include only ordinary securities here - other classes of equity securities cannot be added * Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed * It may be useful to set out issues of securities on different dates as separate line items ------------------------------------------------------ Subtract the number of fully Nil paid (+) ordinary securities cancelled during that 12 month period ------------------------------------------------------ "A" 2,370,084,748 ------------------------------------------------------ Step 2: Calculate 15% of "A" "B" 0.15 [Note: this value cannot be changed] ------------------------------------------- Multiply "A" by 0.15 355,512,712 ------------------------------------------- Step 3: Calculate "C", the amount of placement capacity under rule 7.1 that has already been used Insert number of (+) equity 29,120,559 shares (Issued securities issued or agreed 14/12/2018) to be issued in that 12 71,527,778 shares (Issued month period not counting 21/12/2018) those issued: 4,291,667 shares (Issued * Under an exception in rule 7.2 21/12/2018) 39,583,333 shares (Issued 21/12/2018) * Under rule 7.1A 2,375,000 shares (Issued 21/12/2018) 55,555,556 shares (Issued * With security holder approval under rule 7.1 or rule 21/12/2018) 7.4 13,888,889 shares (Issued 20/01/2019) 1,760,000 shares (Issued Note: 01/04/2019) * This applies to equity securities, unless specifically excluded - not just ordinary securities * Include here (if applicable ) the securities the subject of the Appendix 3B to which this form is annexed * It may be useful to set out issues of securities on different dates as separate line items ------------------------------------------- "C" 218,102,782 -------------------------------------------
Step 4: Subtract "C" from ["A" x "B"] to calculate remaining placement capacity under rule 7.1 "A" x 0.15 Note: number must be same as shown in Step 2 355,512,712 ------------------------------------------- Subtract "C" Note: number must be same as shown in Step 3 218,102,782 ------------------------------------------- Total ["A" x 0.15] - "C" 137,409,930 [Note: this is the remaining placement capacity under rule 7.1] -------------------------------------------
Part 2
Rule 7.1A - Additional placement capacity for eligible entities Step 1: Calculate "A", the base figure from which the placement capacity is calculated "A" Note: number must be same as shown in Step 1 of Part 1 2,370,084,748 ------------------------------------------ Step 2: Calculate 10% of "A" "D" 0.10 Note: this value cannot be changed ------------------------------------------ Multiply "A" by 0.10 237,008,474 ------------------------------------------ Step 3: Calculate "E", the amount of placement capacity under rule 7.1A that has already been used Insert number of equity securities Nil issued or agreed to be issued in that 12 month period under rule 7.1A Notes: * This applies to equity securities - not just ordinary securities * Include here - if applicable - the securities the subject of the Appendix 3B to which this form is annexed * Do not include equity securities issued under rule 7.1 (they must be dealt with in Part 1), or for which specific security holder approval has been obtained * It may be useful to set out issues of securities on different dates as separate line items ------------------------------------------ "E" Nil ------------------------------------------ Step 4: Subtract "E" from ["A" x "D"] to calculate remaining placement capacity under rule 7.1A "A" x 0.10 Note: number must be same as shown in Step 2 237,008,474 ------------------------------------------ Subtract "E" Nil Note: number must be same as shown in Step 3 ------------------------------------------ Total ["A" x 0.10] - "E" 237,008,474 Note: this is the remaining placement capacity under rule 7.1A ------------------------------------------
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
MSCLIFESSTILIIA
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April 01, 2019 02:00 ET (06:00 GMT)
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