TIDMOEX
RNS Number : 1761S
Oilex Ltd
19 December 2016
ASX Announcement
19 December 2016
ASX: OEX
AIM: OEX
Issue of Retention Rights
Oilex Ltd (the Company) wishes to advise that it has issued
2,000,000 retention rights to Mr Jonathan Salomon pursuant to
shareholder approval at the Company's Annual General Meeting held
on 23 November 2016.
These retention rights will convert into ordinary shares of the
Company upon Mr Salomon's employment with the Company being
extended beyond 18 March 2017.
Attached is an Appendix 3B.
For and on behalf of Oilex Ltd
Mark Bolton
Chief Financial Officer Company Secretary
For further information, please contact:
Investor Nominated Media Enquires Media Enquiries
Enquiries Adviser (UK) (Aus)
Oilex Ltd Strand Hanson Vigo Communications Citadel-MAGNUS
Joe Salomon Limited Public Relations Public Relations
Managing Nominated Patrick d'Ancona/Chris Michael Weir
Director Adviser McMahon Email:
Email: oilex@oilex.com.au Rory Murphy/Ritchie Email: mweir@citadelmagnus.com
Tel: +61 Balmer patrick.dancona@vigocomms.c Tel: +618 6160
8 9485 3200 Email: om 4900
Australia oilex@strandhanson.co.uk chris.mcmahon@vigocomms.com Australia
Tel: +44 20 Tel: +44 20
7409 3494 7830 9700
UK 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 Retention Rights, convertible
issued or to be issued into shares
Number of +securities
issued or to be issued
(if known) or maximum
number which may be
2 issued 2,000,000
3 Principal terms of Retention rights, convertible
the +securities (eg, into shares on a 1:1
if options, exercise basis for nil cash consideration
price and expiry date; upon the holder's employment
if partly paid +securities, with the Company being
the amount outstanding extended beyond 18 March
and due dates for payment; 2017.
if +convertible securities, Expiry date: 18 March
the conversion price 2017
and dates for conversion)
-----------------------------------
4 Do the (+) securities No
rank equally in all The shares issued on conversion
respects from the of the retention rights
date of allotment will rank equally in all
with an existing respects with the Company's
+class of quoted shares.
+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 cash consideration
-----------------------------------
Purpose of the issue
(If issued as consideration Issued as a retention
6 for the acquisition incentive to the Company's
of assets, clearly Managing Director.
identify those assets)
-----------------------------------
Is the entity an Yes
(+) eligible entity
6a that has obtained
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
-----------------------------------
The date the security
holder resolution 23 November 2016
6b under rule 7.1A was
passed
-----------------------------------
Number of (+) securities
issued without security Nil
6c holder approval under
rule 7.1
-----------------------------------
Number of (+) securities
issued with security Nil
6d holder approval under
rule 7.1A
-----------------------------------
Number of +securities 2,000,000 (Meeting held
issued with security on 23 November 2016. Approved
6e holder approval under pursuant to Listing Rule
rule 7.3, or another 10.11).
specific security
holder approval (specify
date of meeting)
-----------------------------------
6f Number of (+) securities 2,000,000 (Exception 14)
issued under an exception
in rule 7.2
-----------------------------------
6g If (+) securities Not applicable
issued 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 Not applicable
were 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 Listing Rule 7.1: 179,012,101
remaining issue capacity Listing Rule 7.1A: 119,341,401
under rule 7.1 and rule
7.1A - complete Annexure
1 and release to ASX
Market Announcements
------------------------------------------
7 (+) Issue dates 19 December 2016
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 Number (+) Class
all +securities quoted
on ASX (including the
(+) securities in section
2 if applicable)
--------------- -------------------------
1,193,414,012 Fully Paid Ordinary
Shares
--------------- -------------------------
9 Number and +class of Number +Class
all +securities not
quoted on ASX (including
the securities in section
2 if applicable)
--------------- -------------------------
500,000 $0.25 Options
875,000 due 27/06/2017
2,000,000 $0.25 Options
5,000,000 due 05/08/2017
500,000 $0.25 Options
875,000 due 11/11/2017
500,000 $0.10 Options
2,000,000 due 22/12/2017
$0.25 Options
due 16/02/2018
$0.35 Options
due 05/08/2018
$0.35 Options
due 16/02/2019
Retention rights
convertible for
nil cash consideration
on or before
18/03/2017
--------------- -------------------------
10 Dividend policy (in
the case of a trust, Not applicable
distribution policy)
on the increased capital
(interests)
------------------------------------------
Part 2 -- Pro rata issue
11 Is security holder Not applicable
approval 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
---------------
Amount of any handling
fee payable to brokers
24 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 Not applicable
for which +quotation
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 Number (+) Class
all +securities 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.
Mark Bolton
Company Secretary
Appendix 3B - Annexure 1
Calculation of placement capacity under rule 7.1 and rule 7.1A
for (+) eligible entities
Introduced 01/08/12, Amended 04/03/13
Part 1
Rule 7.1 - Issues exceeding 15% of capital
--------------------------------------------------------------------------------------------
Step 1: Calculate "A", the base figure from
which the placement capacity is calculated
--------------------------------------------------------------------------------------------
Insert number of fully
paid (+) ordinary securities
on issue 12 months
before the (+) issue
date or date of agreement
to issue 1,180,426,999
-------------------------------------------------------------- ----------------------------
Add the following:
* Number of fully paid (+) ordinary securities issued 12,987,013 shares
in that 12 month period under an exception in rule (Approved by shareholders
7.2 23/11/2016)
-------------------------------------------------------------- ----------------------------
* Number of fully paid (+) ordinary securities issued
in that 12 month period with shareholder approval
-------------------------------------------------------------- ----------------------------
* Number of partly paid (+) ordinary securities that
became fully paid in that 12 month period
-------------------------------------------------------------- ----------------------------
Note:
* Include only ordinary securities here - other classes
of equity securities cannot be added
* Include here (if applicable) the securities the
subject of the Appendix 3B to which this form is
annexed
* It may be useful to set out issues of securities on
different dates as separate line items
-------------------------------------------------------------- ----------------------------
Subtract the number Nil
of fully paid (+) ordinary
securities cancelled
during that 12 month
period
-------------------------------------------------------------- ----------------------------
"A" 1,193,414,012
-------------------------------------------------------------- ----------------------------
Step 2: Calculate 15% of "A"
---------------------------------------------------------------------------------------------
"B" 0.15
[Note: this value cannot
be changed]
------------------------------------------------------------- ------------------------------
Multiply "A" by 0.15 179,012,101
------------------------------------------------------------- ------------------------------
Step 3: Calculate "C", the amount of placement
capacity under rule 7.1 that has already been
used
---------------------------------------------------------------------------------------------
Insert number of Nil
(+) equity securities
issued or agreed
to be issued in that
12 month period not
counting those issued:
* Under an exception in rule 7.2
* Under rule 7.1A
* With security holder approval under rule 7.1 or rule
7.4
Note:
* This applies to equity securities, unless
specifically excluded - not just ordinary securities
* Include here (if applicable ) the securities the
subject of the Appendix 3B to which this form is
annexed
* It may be useful to set out issues of securities on
different dates as separate line items
------------------------------------------------------------- ------------------------------
"C" Nil
------------------------------------------------------------- ------------------------------
Step 4: Subtract "C" from ["A" x "B"] to calculate
remaining placement capacity under rule 7.1
---------------------------------------------------------------------------------------------
"A" x 0.15
Note: number must
be same as shown
in Step 2 179,012,102
------------------------------------------------------------- ------------------------------
Subtract "C" Nil
Note: number must
be same as shown
in Step 3
------------------------------------------------------------- ------------------------------
Total ["A" x 0.15] 179,012,102
- "C" [Note: this is the remaining
placement capacity under
rule 7.1]
------------------------------------------------------------- ------------------------------
Part 2
Rule 7.1A - Additional placement capacity for
eligible entities
---------------------------------------------------------------------------------------------
Step 1: Calculate "A", the base figure from
which the placement capacity is calculated
---------------------------------------------------------------------------------------------
"A"
Note: number must be
same as shown in Step
1 of Part 1 1,193,414,012
-------------------------------------------------------------- -----------------------------
Step 2: Calculate 10% of "A"
---------------------------------------------------------------------------------------------
"D" 0.10
Note: this value cannot
be changed
-------------------------------------------------------------- -----------------------------
Multiply "A" by 0.10 119,341,401
-------------------------------------------------------------- -----------------------------
Step 3: Calculate "E", the amount of placement
capacity under rule 7.1A that has already been
used
---------------------------------------------------------------------------------------------
Insert number of equity
securities issued or Nil
agreed to be issued
in that 12 month period
under rule 7.1A
Notes:
* This applies to equity securities - not just ordinary
securities
* Include here - if applicable - the securities the
subject of the Appendix 3B to which this form is
annexed
* Do not include equity securities issued under rule
7.1 (they must be dealt with in Part 1), or for which
specific security holder approval has been obtained
* It may be useful to set out issues of securities on
different dates as separate line items
-------------------------------------------------------------- -----------------------------
"E" Nil
-------------------------------------------------------------- -----------------------------
Step 4: Subtract "E" from ["A" x "D"] to calculate
remaining placement capacity under rule 7.1A
---------------------------------------------------------------------------------------------
"A" x 0.10
Note: number must be
same as shown in Step
2 119,341,401
-------------------------------------------------------------- -----------------------------
Subtract "E" Nil
Note: number must be
same as shown in Step
3
-------------------------------------------------------------- -----------------------------
Total ["A" x 0.10] 119,341,401
- "E" Note: this is the remaining
placement capacity under
rule 7.1A
-------------------------------------------------------------- -----------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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