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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 : 8005J
Oilex Ltd
24 December 2020
ASX-RNS Announcement
24 December 2020
ASX: OEX
AIM: OEX
Series C Loan Extension
The Board of Oilex Limited (the Company) is pleased to announce that it has entered into an amendment agreement to vary the repayment obligations for its Series C (GBPGBP125,000) loan.
Amendment to Series C Loan Funding Agreement (GBP GBP125,000)
On 30 October 2020, the Company advised that it had entered into an amendment agreement to vary the terms of its Series C loan funding facility of GBP GBP125,000 originally entered into on 4 February 2020, so that the new repayment date was extended to 31 December 2020.
Pursuant to the amendment agreement announced today, the loan repayment date has been extended from 31 December 2020 to 31 March 2021. All other terms related to the extension of the repayment date remain unchanged and no further options have been issued in respect to the further extension.
Related Party Transaction under AIM
Republic Investment Management Pte Ltd (Republic) makes up all of the Series C Loan balance of GBP125,000 . Republic has a shareholding in the Company of 10.33% and is therefore categorised as a Substantial Shareholder of the Company pursuant to the AIM Rules for Companies (AIM Rules). Accordingly, the entering into the amendment agreement with Republic is classified as a related party transaction pursuant to the AIM Rules.
The Directors of the Company, having consulted with Strand Hanson Limited, the Company's Nominated Adviser, consider that the terms of the amendment agreement with Republic are fair and reasonable insofar as the Company's shareholders are concerned.
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
December 24, 2020 02:00 ET (07:00 GMT)
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