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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 : 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
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(END) Dow Jones Newswires
November 06, 2020 02:55 ET (07:55 GMT)
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