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OEX Oilex Ld

0.165
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Oilex Ltd Issue of Securities (3276T)

17/07/2020 7:07am

UK Regulatory


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TIDMOEX

RNS Number : 3276T

Oilex Ltd

17 July 2020

ASX - RNS Announcement

17 July 2020

ASX: OEX

AIM: OEX

Re: Issue of Securities

Oilex Ltd (Oilex or the Company) is pleased to announce it has issued the second and final tranche of 55,555,556 ordinary shares pursuant to the placement first announced on 16 March 2020, and amended as announced on 27 April 2020 (Second Tranche Shares). The share issue was pursuant to an equity capital raising to secure further funding of GBP0.25 million (A$0.5 million) through the subscription of 277,777,778 new shares (Subscription Shares) at GBP0.009 per share (0.1792 AUD cents) per share ( Subscription).

The Company also announces the issue of 103,033,333 shares to advisors and consultants in lieu of cash fees payable. The issue of 84,810,000 shares to advisors and consultants was approved by shareholders on 30 June 2020, with the balance of 18,223,333 shares at GBP0.009 per share issued to the Company's legal advisors under the Company's listing rule 7.1 capacity.

An Appendix 2A pursuant to the issue of the 55,555,556 shares pursuant to the placement and 103,033,333 shares to advisors and consultants is attached to this announcement. http://www.rns-pdf.londonstockexchange.com/rns/3276T_1-2020-7-17.pdf An Appendix 3B for the proposed issue of 18,223,333 shares to the Company's legal advisors has been announced separately. http://www.rns-pdf.londonstockexchange.com/rns/3276T_2-2020-7-17.pdf

Issue of Unlisted Options

Further to the approval by shareholders at the meeting held on 30 June 2020 and Appendix 3B as announced on 15 May 2020, the Company advises that it has issued the following unlisted options:

   Series B Options          115,727,273 exercisable at GBP0.0011 on or before 31 July 2020 
   Series D Options          204,545,455 exercisable at GBP0.0011 on or before 30 June 2021 

AIM Admission and Total Voting Rights

Application has been made to the London Stock Exchange plc for the admission of, in aggregate, 158,588,889 ordinary shares (comprising the Second Tranche Shares and the Advisor Shares) to trading on AIM (Admission). Admission of the Second Tranche Shares and the Advisor Shares is expected to become effective and dealings to commence at 8.00 a.m. on 24 July 2020. Following Admission of the Second Tranche Shares and the Advisor Shares , the Company will have 3,807,129,999 shares in issue. The Company does not currently hold any shares in treasury. Accordingly, the total number of voting rights will be 3,807,129,999.

Section 708A(5)(e) Statement

Pursuant to the issue of the Second Tranche Shares and the Advisor Shares , Oilex gives notice under section 708A(5)(e) of the Corporations Act (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 708(8) of the Act.

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 
 

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

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(END) Dow Jones Newswires

July 17, 2020 02:07 ET (06:07 GMT)

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