We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 : 4594N
Oilex Ltd
01 June 2022
ASX - RNS Announcement
1 June 2022
ASX: OEX
AIM: OEX
PLACEMENT - ISSUE OF SECURITIES
Further to Oilex Ltd's (Oilex or the Company) announcement on 4 May 2022, advising of an equity fund raise of GBP2.5 million (A$4.4 million), before costs to fund the refraccing of the Cambay 77H well in India and the continued development of the Company's plans to undertake a drilling and testing appraisal program on the Cambay field, the Company is pleased to announce it has settled, as intended, GBP2.15 million (A$3.79 million) before costs, via the issue of 1,075,168,606 fully paid ordinary shares (Tranche 1 Shares) at GBP 0.20 pence (AUD 0.35 cents) per share .
The remaining Placement funds (Tranche 2) of approximately GBP0.35 million (A$0.62 million) are anticipated for settlement by 20 July 2022, subject to shareholder approval, to be sought at the general meeting of shareholders to be held on or about 18 July 2022. The Company will be providing further details on this shortly.
The Company has issued the 1,075,168,606 Tranche 1 Placement Shares under the Company's current ASX Listing Rule 7.1 placement capacity.
AIM Admission and Total Voting Rights
Application has been made to the London Stock Exchange plc for the admission of 1,075,168,606 Shares to trade on AIM (Admission), which is expected to take place on or around 10 June 2022. Following Admission, the Company will have 8,242,959,310 shares on issue. The Company does not currently hold any shares in treasury. Accordingly, the total number of voting rights will be 8,242,959,310.
Section 708A(5)(e) Statement (Cleansing Notice)
The Corporations Act (Cth) (Act) restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A of the Act. By giving this notice, the on sale of the Shares noted above will fall within the exemption in section 708A(5) of the Act.
Pursuant to the issue of the 1,075,168,606 Ordinary Shares on 31 May 2022 , Oilex gives notice under section 708A(5)(e) of the 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 :
(i) That has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and
(ii) That investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:
A. The assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or
B. The rights and liabilities attaching to the Shares.
The relevant Appendix 2A was lodged via ASX on-line forms
For and on behalf of Oilex Ltd
Lisa Wynne
Company Secretary
This announcement was authorised for release by the Board of Oilex Limited.
For further information, please contact:
Investor Enquires AIM Broker AIM Nominated Media Enquires Oilex Ltd Novum Securities Adviser (UK) Roland Wessel B roker Strand Hanson Vigo Consulting Chief Executive Colin Rowbury Limited Public Relations Officer Email: Nominated Adviser Patrick d'Ancona/Finlay Email: oilex@oilex.com.au crowbury@novumsecurities.co Ritchie Balmer/ Thomson Tel: +61 8 9485 m Rory Murphy Email: 3200 Tel: +44 20 7399 Email: patrick.dancona@vigoconsult Australia 9427 oilex@strandhanson.co.uk ing.com UK Tel: +44 20 7409 finlay.thomson@vigoconsulti 3494 ng.com UK Tel:+ 44 20 7390 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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
IOEABMFTMTMJBBT
(END) Dow Jones Newswires
June 01, 2022 02:00 ET (06:00 GMT)
1 Year Oilex Ld Chart |
1 Month Oilex Ld Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions