TIDMOEX

RNS Number : 4247C

Oilex Ltd

28 June 2016

ASX Announcement

28 June 2016

ASX: OEX

AIM: OEX

Expiry of Unlisted Options

Oilex Ltd wishes to advise that 500,000 employee options with an exercise price of $0.15 and an expiry date of 27 June 2016 have expired unexercised.

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           Not applicable 
      issued or to be issued 
 
 2   Number of +securities           Not applicable 
      issued or to be issued 
      (if known) or maximum 
      number which may be 
      issued 
 
 3   Principal terms of              Not applicable 
      the +securities (eg, 
      if options, exercise 
      price and expiry date; 
      if partly paid +securities, 
      the amount outstanding 
      and due dates for payment; 
      if +convertible securities, 
      the conversion price 
      and dates for conversion) 
                                   ---------------- 
 
 
 4      Do the (+) securities                                          Not applicable 
         rank 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                                 Not applicable 
                                                                    ----------------- 
 
        Purpose of the issue 
         (If issued as consideration                                   Not applicable 
   6     for the acquisition 
         of assets, clearly 
         identify those assets) 
                                                                    ----------------- 
 
        Is the entity an 
         (+) eligible entity                                           No 
   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                                             Not applicable 
   6b    under rule 7.1A was 
         passed 
                                                                    ----------------- 
 
        Number of (+) securities 
         issued without security                                       Not applicable 
   6c    holder approval under 
         rule 7.1 
                                                                    ----------------- 
 
        Number of (+) securities 
         issued with security                                          Not applicable 
   6d    holder approval under 
         rule 7.1A 
                                                                    ----------------- 
 
        Number of +securities                                         Not applicable 
         issued with security 
   6e    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                                             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           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                  Not applicable 
       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) 
                                     ---------------  --------------------- 
                                       1,180,426,999    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) 
                                     ---------------  --------------------- 
                                           2,000,000          $0.15 Options 
                                           2,000,000         due 04/11/2016 
                                           3,000,000          $0.15 Options 
                                             500,000         due 11/11/2016 
                                             875,000          $0.15 Options 
                                           1,500,000         due 05/12/2016 
                                           2,000,000          $0.25 Options 
                                           5,000,000         due 27/06/2017 
                                             500,000          $0.25 Options 
                                             875,000         due 05/08/2017 
                                             500,000          $0.25 Options 
                                           1,500,000         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 
                                                              $0.35 Options 
                                                             due 05/08/2018 
                                                              $0.35 Options 
                                                             due 16/02/2019 
                                                              $0.35 Options 
                                                             due 25/08/2019 
                                     ---------------  --------------------- 
 
 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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 28, 2016 02:00 ET (06:00 GMT)

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