RNS Number : 2457C
Oilexco Incorporated
28 August 2008
Oilexco Incorporated
28 August 2008
NOTIFICATION OF TRANSACTIONS OF DIRECTORS,
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required
by DR 3.1.4R(1).
(1) An issuer making a notification in respect of a transaction
relating to the shares or debentures of the issuer should complete
boxes 1 to 16, 23 and 24.
(2) An issuer making a notification in respect of a derivative relating
to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14,
16, 23 and 24.
(3) An issuer making a notification in respect of options granted to a
director/person discharging managerial responsibilities should
complete boxes 1 to 3 and 17 to 24.
(4) An issuer making a notification in respect of a financial
instrument relating to the shares of the issuer (other than a
debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16,
23 and 24.
Please complete all relevant boxes in block capital letters.
1. Name of the issuer
Oilexco Incorporated
2. State whether the notification relates to (i) a transaction
notified in accordance with DR 3.1.4R(1)(a); or
(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324
(as extended by section 328) of the Companies Act 1985; or
(iii) both (i) and (ii)
(i) ONLY
3. Name of person discharging managerial responsibilities/director
Rodney Christensen
Faralee Chanin
4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify the
connected person
NOT APPLICABLE
5. Indicate whether the notification is in respect of a holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest(3)
In respect of the holding of those in (3) above
6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares
Common shares of no par value
7. Name of registered shareholders(s) and, if more than one, the number of
shares held by each of them
As in (3) above
8. State the nature of the transaction
Rodney Christensen: Sale of Shares
Faralee Chanin: Grant of Options
9. Number of shares, debentures or financial instruments relating to shares acquired
NOT APPLICABLE
10. Percentage of issued class acquired (treasury shares of that class should not be
taken into account when calculating percentage)
NOT APPLICABLE
11. Number of shares, debentures or financial instruments relating to shares disposed
Rodney Christensen: 70,000 shares
12. Percentage of issued class disposed (treasury shares of that class should not be
taken into account when calculating percentage)
Rodney Christensen: 0.1288%
13. Price per share or value of transaction
Rodney Christensen: Sale of Shares 70,000: CAD$988,307.00
14. Date and place of transaction
Rodney Christensen: Sale of Shares 21st of August in Canada
15. Total holding following notification and total percentage holding following
notification (any treasury shares should not be taken into account when calculating
percentage)
Rodney Christensen: 35,365 shares (0.0158%) and 650,000 options (0.2904%)
16. Date issuer informed of transaction
Rodney Christensen: Sale of Shares: 24th of August
If a person discharging managerial responsibilities has been granted options by the issuer
complete the following boxes
17. Date of grant
Faralee Chanin: Grant of Options: 19th of August 2008
18. Period during which or date on which it can be exercised
Faralee Chanin: 19th of August 2008 to 19th of August 2013
19. Total amount paid (if any) for grant of the option
Faralee Chanin: Nil
20. Description of shares or debentures involved (class and number)
Faralee Chanin: 40,000 Options to subscribe for 1 Common shares of no par value
per option
21. Exercise price (if fixed at time of grant) or indication that price is
to be fixed at the time of exercise
Faralee Chanin: CAD$13.40
22. Total number of shares or debentures over which options held following
notification
Faralee Chanin: 160,000 options
23. Any additional information
None
24. Name of contact and telephone number for queries
Ed Dawson, 02077471504
Name and signature of duly authorized officer of issuer responsible for
making notification
Art Millholland
Date of notification 28 August 2008
This information is provided by RNS
The company news service from the London Stock Exchange
END
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