TIDMOEX
RNS Number : 3037F
Oilex Ltd
19 February 2015
ASX Announcement
19 February 2015
ASX: OEX
AIM: OEX
Appendix 3B - Issue of Employee Options
Dear Sirs
We enclose an Appendix 3B advising of the following issue of
employee options:
-- 500,000 Unlisted Options exercisable at $0.25 vesting 16
February 2015, expiring 16 February 2018;
-- 500,000 Unlisted Options exercisable at $0.35 vesting 16
February 2016, expiring 16 February 2019.
For and on behalf of Oilex Ltd
Chris Bath
Chief Financial Officer and Company Secretary
For further information, please contact:
Oilex Ltd Strand Hanson Limited Tavistock Communications
Ron Miller, Managing Nominated Adviser and Ed Portman
Director AIM Broker Email: eportman@tavistock.com
Email: oilex@oilex.com.au Rory Murphy/Ritchie Balmer Tel: +44 20 7920
Tel: +61 8 9485 Email: oilex@strandhanson.co.uk 3150
3200 Tel: +44 20 7409 3494 UK
Australia UK
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
Appendix 3B
New issue announcement,
application for quotation of additional securities
and agreement
Information or documents not available now must be given to ASX
as soon as available. Information and documents given to ASX become
ASX's property and may be made public.
Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98,
01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05,
01/08/12, 04/03/13
Name of entity
OILEX LTD
--------------
ABN
50 078 652 632
---------------
We (the entity) give ASX the following information.
Part 1 -- All issues
You must complete the relevant sections (attach sheets if there
is not enough space).
1 +Class of +securities issued Unlisted Options
or to be issued
Number of +securities issued
or to be issued (if known)
or maximum number which may
2 be issued 1,000,000
3 Principal terms of the +securities 500,000 unlisted options exercisable
(eg, if options, exercise at $0.25 vesting 16 February
price and expiry date; if 2015 and expiring on 16 February
partly paid +securities, 2018
the amount outstanding and 500,000 unlisted options exercisable
due dates for payment; if at $0.35 vesting 16 February
+convertible securities, 2016 and expiring on 16 February
the conversion price and 2019
dates for conversion)
---------------------------------------
4 Do the (+) securities rank Not applicable
equally in all respects
from the date of allotment
with an existing +class
of quoted +securities?
If the additional securities
do not rank equally, please
state:
* the date from which they do
* the extent to which they participate for the next
dividend, (in the case of a trust, distribution) or
interest payment
* the extent to which they do not rank equally, other
than in relation to the next dividend, distribution
or interest payment
-----------------------
5 Issue price or consideration Nil
-----------------------
6 Purpose of the issue Granted to an employee
(If issued as consideration
for the acquisition of
assets, clearly identify
those assets)
-----------------------
6a Is the entity an (+) eligible
entity that has obtained No
security holder approval
under rule 7.1A?
If Yes, complete sections
6b - 6h in relation to
the +securities the subject
of this Appendix 3B, and
comply with section 6i
-----------------------
6b The date the security holder
resolution under rule 7.1A Not applicable
was passed
-----------------------
6c Number of (+) securities
issued without security Not applicable
holder approval under rule
7.1
-----------------------
6d Number of (+) securities
issued with security holder Not applicable
approval under rule 7.1A
-----------------------
6e Number of +securities issued Not applicable
with security holder approval
under rule 7.3, or another
specific security holder
approval (specify date
of meeting)
-----------------------
6f Number of (+) securities Not applicable
issued under an exception
in rule 7.2
-----------------------
6g If (+) securities issued Not applicable
under rule 7.1A was issue
price at least 75% of 15
day VWAP as calculated
under rule 7.1A.3? Include
the (+) issue date and
both values. Include the
source of the VWAP calculation.
-----------------------
6h If (+) securities were Not applicable
issued under rule 7.1A
for non-cash consideration,
state date on which valuation
of consideration was released
to ASX Market Announcements
-----------------------
6i Calculate the entity's Not applicable
remaining issue capacity
under rule 7.1 and rule
7.1A - complete Annexure
1 and release to ASX Market
Announcements
----------------------------------------------
7 (+) Issue dates 16 February 2015
Notes: The issue date may
be prescribed by ASX (refer
to the definition of issue
date in rule 19.12). For
example, the issue date
for a pro rata entitlement
issue must comply with
the applicable timetable
in appendix 7A.
Cross reference: item 33
of Appendix 3B.
----------------------------------------------
8 Number and +class of all Number (+) Class
+securities quoted on ASX
(including the (+) securities
in section 2 if applicable)
---------------- ----------------------------
677,905,419 Fully Paid Ordinary
Shares
188,597,091 Listed options exercisable
at $0.15 each by
07/09/2015
---------------- ----------------------------
9 Number and +class of all Number +Class
+securities not quoted
on ASX (including the securities
in section 2 if applicable)
------------ --------------------------------
75,000 $0.63 Options due
3,000,000 01/08/2015
5,000,000 $0.15 Options due
500,000 17/12/2015
2,000,000 $0.25 Options due
2,000,000 08/03/2016
3,000,000 $0.15 Options due
250,000 27/06/2016
500,000 $0.15 Options due
1,325,000 04/11/2016
1,500,000 $0.15 Options due
2,000,000 11/11/2016
5,000,000 $0.15 Options due
500,000 05/12/2016
250,000 $0.15 Options due
1,325,000 10/03/2017
500,000 $0.25 Options due
4,000,000 27/06/2017
1,500,000 $0.25 Options due
05/08/2017
$0.25 Options due
25/08/2017
$0.25 Options due
11/11/2017
$0.10 Options due
22/12/2017
$0.25 Options due
16/02/2018
$0.25 Options due
10/03/2018
$0.35 Options due
05/08/2018
$0.35 Options due
16/02/2019
$0.15 Options due
29/04/2019
$0.35 Options due
25/08/2019
------------ --------------------------------
10 Dividend policy (in the
case of a trust, distribution Not applicable
policy) on the increased
capital (interests)
----------------------------------------------
Part 2 -- Pro rata issue
11 Is security holder approval Not applicable
required?
---------------
12 Is the issue renounceable
or non-renounceable?
---------------
13 Ratio in which the +securities
will be offered
14 +Class of +securities to
which the offer relates
---------------
15 +Record date to determine
entitlements
---------------
16 Will holdings on different
registers (or subregisters)
be aggregated for calculating
entitlements?
---------------
17 Policy for deciding entitlements
in relation to fractions
---------------
18 Names of countries in which
the entity has security
holders who will not be
sent new issue documents
Note: Security holders
must be told how their
entitlements are to be
dealt with.
Cross reference: rule 7.7.
---------------
19 Closing date for receipt
of acceptances or renunciations
---------------
20 Names of any underwriters
---------------
21 Amount of any underwriting
fee or commission
---------------
22 Names of any brokers to
the issue
---------------
23 Fee or commission payable
to the broker to the issue
---------------
24 Amount of any handling
fee payable to brokers
who lodge acceptances or
renunciations on behalf
of security holders
-----------------------------
25 If the issue is contingent
on security holders' approval,
the date of the meeting
-----------------------------
26 Date entitlement and acceptance
form and offer documents
will be sent to persons
entitled
-----------------------------
27 If the entity has issued
options, and the terms
entitle option holders
to participate on exercise,
the date on which notices
will be sent to option
holders
-----------------------------
28 Date rights trading will
begin (if applicable)
-----------------------------
29 Date rights trading will
end (if applicable)
-----------------------------
30 How do security holders
sell their entitlements
in full through a broker?
-----------------------------
31 How do security holders
sell part of their entitlements
through a broker and accept
for the balance?
-----------------------------
32 How do security holders
dispose of their entitlements
(except by sale through
a broker)?
-----------------------------
33 +Issue date
-----------------------------
Part 3 -- Quotation of securities
You need only complete this section if you are applying for
quotation of securities
34 Type of securities
(tick one)
(a) o (+) Securities described in Part 1
(b) o All other (+) securities
Example: restricted securities at the end of the
escrowed period, partly paid securities that become
fully paid, employee incentive share securities
when restriction ends, securities issued on expiry
or conversion of convertible securities
Entities that have ticked box 34(a)
Additional securities forming a new class of securities
Tick to indicate you are providing the information or
documents
35 If the +securities are +equity securities, the names
of the 20 largest holders of the additional +securities,
and the number and percentage of additional +securities
held by those holders
36 If the +securities are +equity securities, a distribution
schedule of the additional +securities setting out
the number of holders in the categories
1 - 1,000
1,001 - 5,000
5,001 - 10,000
10,001 - 100,000
100,001 and over
37 A copy of any trust deed for the additional +securities
Entities that have ticked box 34(b)
---
38 Number of securities
for which +quotation Not applicable
is sought
-----------------------------------
39 +Class of +securities
for which quotation is
sought
-----------------------------------
40 Do the +securities rank
equally in all respects
from the +issue date
with an existing +class
of quoted +securities?
If the additional +securities
do not rank equally,
please state:
* the date from which they do
* the extent to which they participate for the next
dividend, (in the case of a trust, distribution) or
interest payment
* the extent to which they do not rank equally, other
than in relation to the next dividend, distribution
or interest payment
-----------------------------------
41 Reason for request for
quotation now
Example: In the case
of restricted securities,
end of restriction period
(if issued upon conversion
of another (+) security,
clearly identify that
other (+) security)
-----------------------------------
42 Number and +class of all +securities Number (+) Class
quoted on ASX (including the
securities in clause 38)
------- ----------
Quotation agreement
1 +Quotation of our additional +securities is in ASX's absolute
discretion. ASX may quote the +securities on any conditions it
decides.
2 We warrant the following to ASX.
-- The issue of the +securities to be quoted complies with the
law and is not for an illegal purpose.
-- There is no reason why those +securities should not be granted +quotation.
-- An offer of the +securities for sale within 12 months after
their issue will not require disclosure under section 707(3) or
section 1012C(6) of the Corporations Act.
Note: An entity may need to obtain appropriate warranties from
subscribers for the securities in order to be able to give this
warranty
-- Section 724 or section 1016E of the Corporations Act does not
apply to any applications received by us in relation to any
+securities to be quoted and that no-one has any right to return
any +securities to be quoted under sections 737, 738 or 1016F of
the Corporations Act at the time that we request that the
+securities be quoted.
-- If we are a trust, we warrant that no person has the right to
return the +securities to be quoted under section 1019B of the
Corporations Act at the time that we request that the +securities
be quoted.
3 We will indemnify ASX to the fullest extent permitted by law
in respect of any claim, action or expense arising from or
connected with any breach of the warranties in this agreement.
4 We give ASX the information and documents required by this
form. If any information or document not available now, will give
it to ASX before +quotation of the +securities begins. We
acknowledge that ASX is relying on the information and documents.
We warrant that they are (will be) true and complete.
Chris Bath
(Chief Financial Officer / Company Secretary)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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