TIDMOEX

RNS Number : 0684H

Oilex Ltd

26 November 2015

26 November 2015

Oilex Ltd

ASX Trading Halt

Oilex Ltd (ASX: OEX, AIM: OEX) wishes to advise that its shares have been placed in a trading halt on the Australian Securities Exchange ("ASX") pending the release of an announcement in relation to the appointment of a new director to satisfy its obligations under the Australian Corporations Act. Oilex shares will continue to trade on AIM during this period.

The below text was released on the ASX regarding the trading halt:

26 November 2015

Ms Frieda Orr

Australian Securities Exchange Limited

Level 40, Central Park

152-158 St George's Terrace

PERTH WA 6000

By email: tradinghaltsperth@asx.com.au

Trading halt request

Oilex Ltd (ASX: OEX, AIM: OEX) (Oilex) requests a trading halt in the quotation of its ordinary shares effective immediately.

Pursuant to ASX Listing Rule 17.1, Oilex provides the following information:

-- the trading halt is requested pending release of an announcement concerning the appointment of a new director to satisfy its obligations under the Corporations Act;

-- Oilex requests the trading halt remain in place until the earlier of such time as it is in a position to make an announcement in relation to the above matter and commencement of trading on Monday 30 November 2015; and

-- Oilex is not aware of any reason why the trading halt should not be granted, or of any other information available at this stage that is necessary to inform the market or the ASX about the trading halt.

Yours faithfully

Chris Bath

Chief Financial Officer and Company Secretary

For further information, please contact:

 
 Investor Enquiries           Nominated Adviser                  Media Enquires 
  Oilex Ltd                    Strand Hanson Limited              Vigo Communications 
  Ron Miller                   Nominated Adviser                  Public Relations UK 
  Managing Director            Rory Murphy / Ritchie              Patrick d'Ancona / 
  Email: oilex@oilex.com.au    Balmer                             Chris McMahon 
  Tel: +61 8 9485 3200         Email: oilex@strandhanson.co.uk    Email: patrick.dancona@vigocomms.com 
  Australia                    Tel: +44 20 7409 3494              chris.mcmahon@vigocomms.com 
                               UK                                 Tel: +44 20 7016 9570 
                                                                  UK 
===========================  =================================  ======================================

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 26, 2015 05:37 ET (10:37 GMT)

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