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% 0.0825 0.08 0.085 0.0825 0.0825 0.0825 2,536,931 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -3.3 -0.1 - 3

Oilex Ltd Waiver Granted

05/11/2020 7:30am

UK Regulatory (RNS & others)

Oilex Ld (LSE:OEX)
Historical Stock Chart

From Oct 2020 to Jan 2021

Click Here for more Oilex Ld Charts.


RNS Number : 3622E

Oilex Ltd

05 November 2020

ASX-RNS Announcement

5 November 2020



Waiver Granted

Oilex Ltd ("Oilex or the Company") has been granted a waiver from Listing Rule 10.13.5, to the extent necessary to permit the Company's Notice of Annual General meeting to approve the issue of ordinary shares to Mr Paul Haywood and Mr Peter Schwarz (together, the Non-Executive Directors) , in lieu of cash payments for director fees.

The waiver in respect of Listing Rule 10.13.5 was granted on the following conditions:

(a) The Notice states that the Remuneration Shares will be issued within 12 months after shareholder approval is obtained.

(b) The Remuneration Shares are issued no later than 10 business days after the end of the relevant quarter.

(c) The Notice includes a worked example of the dilution that will occur to existing shareholders of the Company as a result of the issue of Remuneration Shares at three different prices.

(d) The Company's annual report for any period during which the shares are issued to the Directors (or their nominees), discloses details of the number of Remuneration Shares that were issued to them, including the percentage of the Company's issued capital represented by those Remuneration Shares.

   (e)              The terms of the waiver are immediately released to the Market. 

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:   Email:                        Nominated Adviser              Patrick d'Ancona/Chris 
  Tel: +61 8 9485      Rory Murphy/Ritchie            McMahon 
  3200                        m                             Balmer                         Email: 
  Australia                   Tel: +44 20 7399              Email:                         patrick.dancona@vigocomms.c 
                              9427                       om 
                              UK                            Tel: +44 20 7409      
                                                            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 or visit

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) Dow Jones Newswires

November 05, 2020 02:30 ET (07:30 GMT)

1 Year Oilex Ld Chart

1 Year Oilex Ld Chart

1 Month Oilex Ld Chart

1 Month Oilex Ld Chart
ADVFN Advertorial
Your Recent History
Oilex Ld
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20210126 09:46:42