Information  X 
Enter a valid email address

Oilex Ltd (OEX)

  Print          Annual reports

Tuesday 30 November, 2021

Oilex Ltd

Unmarketable Parcel Facility Update

RNS Number : 8937T
Oilex Ltd
30 November 2021
 

 

ASX-RNS Announcement

 

30 November 2021

 

ASX: OEX

AIM: OEX

Unmarketable Parcel Facility Update

 

Oilex Ltd (Oilex or the Company) announced on 7 September 2021 that it was establishing an opt-out unmarketable parcel sale facility (Facility) for shareholders who held less than $500 worth of fully paid ordinary shares in the Company on the ASX share register (Unmarketable Parcel).

 

The Company wishes to advise that since the closure date of the Facility on 22 October 2021, approximately 80% of the Unmarketable Parcels of shares have been sold on market, however due to recent liquidity issues, the remaining disposal is taking longer than originally timetabled. The revised estimated payment date for return of funds to shareholders who have participated in the Facility is anticipated to be the end of December 2021. Shareholders should however please note that the payment date may be subject to further variation or early completion, subject to finalisation of the on-market share disposal, and the discretion of the OEX board.

 

To enable the share registry to promptly make payment of the cash component upon closure, the Company requests that shareholders who participated in the Facility please ensure you have provided the share registry with your nominated bank details as payments will only be made by direct credit. The Company has determined that due to postal delays associated with COVID 19, it will only make payments by direct transfer to investors nominated bank accounts.

 

If shareholders have any further questions about the Facility, please contact the Oilex Limited Information Line on 1300 131 678 (within Australia) or +61 1300 131 678 (from outside Australia) between 8:30am and 5:30pm (AEST) Monday to Friday, or visit www.linkmarketservices.com.au.

 

For and on behalf of Oilex Ltd

 

 

 

Joe Salomon

Executive Chairman

 

 

 

For further information, please contact:

Investor Enquires

Oilex Ltd

Roland Wessel

CEO

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 Consulting

Investor 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
 
 
MSCFLFVLLRLAFIL

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