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Oilex Ltd (OEX)

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Tuesday 22 June, 2021

Oilex Ltd

Issue of Securities

RNS Number : 7021C
Oilex Ltd
22 June 2021
 

ASX-RNS Announcement

 

 

22 June 2021

 

ASX: OEX

AIM: OEX

 

Issue of Shares and Section 708A(5)(e) Notice

 

Oilex Ltd (Oilex or the Company) advises that it has issued 19,918,844 new ordinary shares as consideration in lieu of Non-Executive Directors' fees ("Shares") for the period of 1 May 2019 through to 31 October 2020.

 These new ordinary shares were issued at a price of AUD $0.0025 per ordinary share.

 

Shares Issued

 

 

Mr P Haywood

6,494,958

Mr P Schwarz

13,423,886

 

19,918,844

 

The issue of these shares to Non-Executive Directors in lieu of fees was approved by shareholders at the Company's General Meeting held on 8 June 2021.

 

 

AIM Admission and Total Voting Rights 

 

Admission of 19,918,844 shares is expected to become effective and dealings to commence at 8.00 a.m. on 28 June 2021.  Following Admission of these shares, the Company will have 5,459,695,310 shares on issue. The Company does not currently hold any shares in treasury.  Accordingly, the total number of voting rights will be 5,459,695,310. 

 

 

Section 708A(5)(e) Statement

 

Oilex gives notice under section 708A(5)(e) of the Corporations Act 2001 (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 708A(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

B roker

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

 

 

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