Information  X 
Enter a valid email address

Oilex Ltd (OEX)

  Print          Annual reports

Thursday 29 April, 2021

Oilex Ltd

Issue of Securities

RNS Number : 0813X
Oilex Ltd
29 April 2021
 

ASX - RNS Announcement

 

29 April 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 its arranged equity capital raising of £2.4 million (A$4.3 million), the Company is pleased to announce it has issued a further 320,625,000 new ordinary shares to subscribers of Tranche 1.   The 405,000,000 Tranche 1 ordinary shares have now been fully issued and proceeds received.

 

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 £0.964 million under the Company's existing ASX   LR7.1 capacity.

 

Tranche 2:  603,403,361 ordinary shares issued at GBP 0.238 pence for £1.436 million subject to shareholder approval         being obtained, and which a Notice of Meeting will shortly be sent out by the Company regarding.

 

AIM Admission and Total Voting Rights 

 

Application has been made to the London Stock Exchange plc for the admission of 320,625,000 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 6 May 2021.  Following Admission, the Company will have 5,060,766,968 shares in issue. The Company does not currently hold any shares in treasury.  Accordingly, the total number of voting rights will be 5,060,766,968.

 

An Appendix 2A pursuant to the issue of the 320,625,000 ordinary shares is attached to this announcement.

http://www.rns-pdf.londonstockexchange.com/rns/0813X_1-2021-4-29.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 168,750,000 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

Oilex Ltd

Joe Salomon

Managing Director

Email: [email protected]

Tel: +61 8 9485 3200

Australia

AIM Broker

Novum Securities

Broker

Colin Rowbury

Email: [email protected]

Tel: +44 20 7399 9427

UK

AIM Nominated Adviser

Strand Hanson Limited

Nominated Adviser

Rory Murphy/Ritchie Balmer 

Email: [email protected]

Tel: +44 20 7409 3494

UK

Media Enquires (UK)

Vigo Communications

Public Relations

Patrick d'Ancona/Chris McMahon

Email: [email protected]

[email protected]

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 [email protected] 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
 
 
IOEEAELNAEAFEFA

a d v e r t i s e m e n t