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Oilex Ltd (OEX)

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Wednesday 22 December, 2021

Oilex Ltd

Unmarketable Parcel Facility Update

RNS Number : 4686W
Oilex Ltd
22 December 2021
 

 

ASX-RNS Announcement

 

 

22 December 2021

 

ASX: OEX

AIM: OEX

 

UNMARKETABLE PARCEL SALE FACILITY FINALISED

 

Oilex Ltd (ASX:OEX) 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 (Unmarketable Parcel). The Facility was only available to shareholders who held their shares on ASX, and not Depository Interest holders.

 

Shareholders with an Unmarketable Parcel who wished to retain their shareholding needed to provide the Company written notice by no later than 5.00pm (AEST) on Friday 22 October 2021 or acquire additional shares prior to that time such that their holdings comprised a marketable parcel, otherwise their shares would be sold by the Company.

 

As a result of the Facility, 36,284,687 shares have now been sold at an average price of approximately $0.39 cents per share, reducing the number of Unmarketable Parcels on the ASX register from 1,872 to 353. The disposal proceeds will now be returned to shareholders by way of cash by the end of December 2021, for shareholders who have provided their bank details for direct transfer.

 

To enable the share registry to promptly make payment of the cash component, the Company requests that all shareholders who participated in the Facility please ensure they have provided the share registry with their 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.

 

Investors are requested to contact Link Market Services by logging in to their holding on Link Market Services' Investor Centre at https://investorcentre.linkmarketservices.com.au/Login/Login   or by calling the registry hotline in Australia: 1300 554 474 or Overseas: +61 1300 554 474 to update their payment details. Payments will be held for shareholders who do not have payment details with the share registry.

 

For and on behalf of Oilex Ltd

 

 

 

Suzie Foreman

Company Secretary


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

 

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