Information  X 
Enter a valid email address

Oilex Ltd (OEX)

  Print          Annual reports

Thursday 10 June, 2021

Oilex Ltd

Issue of Securities

RNS Number : 4886B
Oilex Ltd
10 June 2021

ASX - RNS Announcement


10 June 2021







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 £2.4 million (A$4.3 million), the Company is pleased to announce it has issued 251,418,066 new ordinary shares comprising a partial completion of the 603,403,361 Tranche 2 ordinary shares.  The remaining balance of 351,985,295 Tranche 2 ordinary shares is anticipated to be issued by the end of June 2021.




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 (already completed).


Tranche 2: 603,403,361 ordinary shares issued at GBP 0.238 pence for £1.436 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).


AIM Admission and Total Voting Rights 


Application has been made to the London Stock Exchange plc for the admission of 251,418,066 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 15 June 2021.  Following Admission, the Company will have 5,314,067,432 shares in issue. The Company does not currently hold any shares in treasury.  Accordingly, the total number of voting rights will be 5,314,067,432.


An Appendix 2A pursuant to the issue of the 251,418,066 ordinary shares is attached to this announcement.


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 251,418,066 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


AIM Broker

Novum Securities


Colin Rowbury

Email: [email protected]

Tel: +44 20 7399 9427


AIM Nominated Adviser

Strand Hanson Limited

Nominated Adviser

Rory Murphy/Ritchie Balmer 

Email: [email protected]

Tel: +44 20 7409 3494


Media Enquires (UK)

Vigo Communications

Public Relations

Patrick d'Ancona/Chris McMahon

Email: [email protected]

[email protected]

Tel:+ 44 20 7390 0230




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

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.

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