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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 : 5531C
Oilex Ltd
21 June 2021
ASX - RNS Announcement
21 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:
- 125,709,034 new ordinary shares comprising a partial completion of the 603,403,361 Tranche 2 ordinary shares. The remaining balance of 226,276,261 Tranche 2 ordinary shares is anticipated to be issued prior to the end of June 2021; and
- 125,709,034 unlisted options exercisable at GBP0.476 pence per share on or before 30 June 2022.
Background
In regard to the equity capital raising announced on 21 April 2021, 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:
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).
Each ordinary share issued as part of Tranche 2 will also be issued with one share option, resulting in the issue of an aggregate 603,403,361 unlisted options. The options are exercisable at GBP0.476 pence per share on or before 30 June 2022. Approval for the issue of these options 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 125,709,034 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 25 June 2021. Following Admission, the Company will have 5,439,776,466 shares in issue. The Company does not currently hold any shares in treasury. Accordingly, the total number of voting rights will be 5,439,776,466.
http://www.rns-pdf.londonstockexchange.com/rns/5531C_1-2021-6-21.pdf
Section 708A(5)(e) Statement
Pursuant to the issue of the 125,709,034 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) Dow Jones Newswires
June 21, 2021 06:19 ET (10:19 GMT)
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