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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
  0.0025 3.23% 0.08 0.075 0.085 0.08 0.0775 0.0775 3,039,542 08:07:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -3.3 -0.1 - 3

Oilex Ltd Correction Waiver Granted

06/11/2020 7:55am

UK Regulatory (RNS & others)


Oilex Ld (LSE:OEX)
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TIDMOEX

RNS Number : 4974E

Oilex Ltd

06 November 2020

ASX-RNS Announcement

6 November 2020

ASX: OEX

AIM: OEX

Correction Waiver Granted

Correction: The "Waiver Granted" announcement the Company released on 5 November 2020 at 7.30 a.m. BST under RNS number 3622E, incorrectly referenced the details of the waiver from Listing Rule 10.13.5 in paragraph one. The corrected full text of the announcement is provided below.

Waiver Granted

Oilex Ltd ("Oilex or the Company") has been granted a waiver from Listing Rule 10.13.5, to the extent necessary to permit the Company's notice of general meeting ("Notice") to approve the issue of up to a maximum of GBP15,000 worth of shares to director Mr Paul Haywood and GBP15,000 worth of shares to director Mr Peter Schwarz as part of their remuneration ("Remuneration Shares") not to state that the Remuneration Shares will be issued no later than one month after the date of the annual general meeting and subject to the following conditions:

(a) The Notice states that the Remuneration Shares will be issued within 12 months after shareholder approval is obtained.

(b) The Remuneration Shares are issued no later than 10 business days after the end of the relevant quarter.

(c) The Notice includes a worked example of the dilution that will occur to existing shareholders of the Company as a result of the issue of Remuneration Shares at three different prices.

(d) The Company's annual report for any period during which the shares are issued to the Directors (or their nominees), discloses details of the number of Remuneration Shares that were issued to them, including the percentage of the Company's issued capital represented by those Remuneration Shares.

   (e)              The terms of the waiver are immediately released to the Market. 

For and on behalf of Oilex Ltd

Mark Bolton

Executive Director and Company Secretary

For further information, please contact:

 
 Investor Enquires            AIM Broker                    AIM Nominated                  Media Enquires 
  Oilex Ltd                   Novum Securities              Adviser                        (UK) 
  Joe Salomon                 B roker                       Strand Hanson                  Vigo Communications 
  Managing Director           Colin Rowbury                 Limited                        Public Relations 
  Email: oilex@oilex.com.au   Email:                        Nominated Adviser              Patrick d'Ancona/Chris 
  Tel: +61 8 9485             crowbury@novumsecurities.co   Rory Murphy/Ritchie            McMahon 
  3200                        m                             Balmer                         Email: 
  Australia                   Tel: +44 20 7399              Email:                         patrick.dancona@vigocomms.c 
                              9427                          oilex@strandhanson.co.uk       om 
                              UK                            Tel: +44 20 7409               chris.mcmahon@vigocomms.com 
                                                            3494                           Tel:+ 44 20 7390 
                                                            UK                             0230 UK 
 

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END

MSCFIFSDLRLRIII

(END) Dow Jones Newswires

November 06, 2020 02:55 ET (07:55 GMT)

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