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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 0.0% 0.18 0.17 0.19 0.185 0.18 0.185 9,700,213 09:14:39
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -3.3 -0.1 - 10

Oilex Ltd Issue of Securities

10/06/2021 10:13am

UK Regulatory (RNS & others)


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TIDMOEX

RNS Number : 4886B

Oilex Ltd

10 June 2021

ASX - RNS Announcement

10 June 2021

ASX: OEX

AIM: OEX

Re: Issue of Securities

Further to Oilex Ltd's (Oilex or the Company) announcement on 21 April 2021 in respect of the equity capital raising of GBP2.4 million (A$4.3 million), the Company is pleased to announce it has issued 251,418,066 new ordinary shares comprising a partial completion of the 603,403,361 Tranche 2 ordinary shares. The remaining balance of 351,985,295 Tranche 2 ordinary shares is anticipated to be issued by the end of June 2021.

Background

In regard to the equity capital raising, the Company will issue an aggregate of 1,008,403,361 new ordinary shares at GBP 0.238 pence (0.425 AUD cents) per share (Subscription), with the Subscription to be completed in two tranches with each subscriber participating in Tranche 1 and 2 on a pro-rata basis:

Tranche 1: 405,000,000 ordinary shares issued at GBP 0.238 pence for GBP0.964 million under the Company's

existing ASX   LR7.1 capacity (already completed). 

Tranche 2: 603,403,361 ordinary shares issued at GBP 0.238 pence for GBP1.436 million subject to shareholder approval being obtained. Such approval was obtained from the shareholders at the General Meeting held on 8 June 2021 (partially completed).

AIM Admission and Total Voting Rights

Application has been made to the London Stock Exchange plc for the admission of 251,418,066 new ordinary shares (Shares) to trading on AIM (Admission). Admission of the Shares is expected to become effective and dealings to commence at 8.00 a.m. on 15 June 2021. Following Admission, the Company will have 5,314,067,432 shares in issue. The Company does not currently hold any shares in treasury. Accordingly, the total number of voting rights will be 5,314,067,432.

An Appendix 2A pursuant to the issue of the 251,418,066 ordinary shares is attached to this announcement.

http://www.rns-pdf.londonstockexchange.com/rns/4886B_1-2021-6-10.pdf

An Appendix 3B for the issue of the 1,008,403,361 ordinary shares pursuant to the Subscription has been previously announced.

Section 708A(5)(e) Statement

Pursuant to the issue of the 251,418,066 ordinary 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 
 

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END

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June 10, 2021 05:13 ET (09:13 GMT)

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