TIDMOEX
RNS Number : 6645Y
Oilex Ltd
03 January 2020
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ASX - RNS Announcement
3 January 2020
ASX: OEX
AIM: OEX
Re: Issue of Securities
Oilex Ltd (Oilex or the Company) advises that it has issued
124,060,150 shares at A$0.00266 (total A$330,000) pursuant to the
exercise and underwriting of options as announced on 31 December
2019.
The Company has issued 60,150,375 shares under Listing Rule 7.2
Exception 9 pursuant to the conversion of the options expiring 31
December 2019. A further 63,909,775 shares were issued under
Listing Rule 7.2 Exception 10 pursuant to the underwriting of the
conversion of the options expiring 31 December 2019. The applicable
Appendix 3B for the issue of the shares is attached.
The issue of the 31 December 2019 options was approved by
shareholders on 19 September 2019.
AIM Admission and Total Voting Rights
Application has been made to the London Stock Exchange plc for
the admission of the 124,060,150 new shares (Shares) to trading on
AIM (Admission). Admission of the Shares is expected to become
effective and dealings to commence at 8.00 a.m. on 13 January 2020.
Following Admission of these shares, the Company will have
3,426,318,888 shares in issue. The Company does not currently hold
any shares in treasury. Accordingly, the total number of voting
rights will be 3,426,318,888.
Section 708A(5)(e) Statement
Pursuant to the issue of the 124,060,150 shares, Oilex gives
notice under section 708A(5)(e) of the Corporations Act (Cth) (Act)
that:
1) Oilex issued the Shares without disclosure to investors under Part 6D.2 of the Act;
2) As at the date of this notice, Oilex has complied with:
a) the provisions of Chapter 2M of the Act as they apply to Oilex; and
b) section 674 of the Act; and
3) As at the date of this notice, there is no information that
is 'excluded information' within the meaning of sections 708A(7)
and 708(8) of the Act.
For and on behalf of Oilex Ltd
Mark Bolton
Chief Financial Officer and Company Secretary
For further information, please contact:
Investor AIM Broker AIM Nominated Media Enquires Media Enquiries
Enquiries Novum Securities Adviser (UK) (Aus)
Oilex Ltd Broker Strand Hanson Vigo Citadel-MAGNUS
Joe Salomon Colin Rowbury Limited Communications Michael Weir
Managing Email: Nominated Public Relations Email:
Director crowbury@novumsecurities. Adviser Patrick mweir@citadelmagnus.
Email: com Rory Murphy/Ritchie d'Ancona/Chris com
oilex@oilex. Tel: +44 20 Balmer McMahon Tel: +618
com.au 7399 9427 Email: Email: 6160 4900
Tel: +61 UK oilex@strandhanson. patrick.dancona@vi Australia
8 9485 3200 co.uk gocomms.com
Australia Tel: +44 20 chris.mcmahon@vigo
7409 3494 comms.com
UK Tel:+ 44 20 7390
0230
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 Fully Paid Ordinary Shares
or to be issued
2 Number of +securities issued 124,060,150 shares
or to be issued (if known)
or maximum number which may
be issued
3 Principal terms of the +securities Fully Paid Ordinary Shares
(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 rank Yes, listed Fully Paid Ordinary
equally in all respects Shares
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 A$0.00266
--------------------------------------
6 Purpose of the issue Working capital
(If issued as consideration
for the acquisition of
assets, clearly identify
those assets)
--------------------------------------
6a Is the entity an (+) eligible
entity that has obtained Yes
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 27 November 2019
resolution under rule 7.1A
was passed
--------------------------------------
6c Number of (+) securities Nil
issued without security
holder approval under rule
7.1
--------------------------------------
6d Number of (+) securities Nil
issued with security holder
approval under rule 7.1A
--------------------------------------
6e Number of +securities issued Nil
with security holder approval
under rule 7.3, or another
specific security holder
approval (specify date
of meeting)
--------------------------------------
6f Number of (+) securities a) 60,150,375 shares under exception
issued under an exception 9
in rule 7.2 b) 63,909,775 shares under exception
10
--------------------------------------
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 issued Not applicable
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 remaining Listing Rule 7.1: 409,656,551
issue capacity under rule 7.1 Listing Rule 7.1A: 333,820,518
and rule 7.1A - complete Annexure
1 and release to ASX Market
Announcements
7 (+) Issue dates 3 November 2019
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 +securities Number (+) Class
quoted on ASX (including the
(+) securities in section 2
if applicable)
---------------------------------
3,426,318,888 Fully Paid Ordinary
Shares
--------------------------------- ----------------------------------------------
9 Number and +class of all +securities Number +Class
not quoted on ASX (including
the securities in section 2
if applicable)
---------------------------------
60,664,887 Options
2,222,222 (GBP0.0019, 1/04/2020)
6,666,667 Options
14,802,631 (GBP0.00225, 22/05/2020)
Options
(GBP0.0036, 24/12/2020)
Options
(GBP0.0019, 20/10/2021)
--------------------------------- ----------------------------------------------
10 Dividend policy (in the case Not applicable
of a trust, distribution 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) ü (+) 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 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.
Mark Bolton
Company Secretary
Date: 3 January 2020
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 2,563,099,110 shares
(+) ordinary securities on
issue 12 months before the
(+) issue date or date of
agreement to issue
-------------------------------------------
Add the following: 124,060,150 shares (Issued
* Number of fully paid (+) ordinary securities issued 03/01/2019)
in that 12 month period under an exception in rule
7.2
-------------------------------------------
13,888,889 shares (Issued
* Number of fully paid (+) ordinary securities issued 18/01/2019)
in that 12 month period with shareholder approval 1,760,000 shares (Issued
01/04/2019)
2,772,864 shares (Issued
01/04/2019)^
3,472,569 shares (Issued
18/06/2019)^
2,324,569 shares (Issued
18/06/2019)
24,250,150 shares (Issued
07/08/2019)
19,974,268 shares (Issued
13/08/2019)
237,355,731 shares (Issued
13/08/2019)
16,166,767 shares (Issued
14/10/2019)
118,421,053 shares (Issued
14/10/2019)
13,290,646 shares (Issued
14/10/2019)
197,368,421 shares (Issued
21/10/2019)
^ approved by shareholders
on 29/11/2018
-------------------------------------------
Nil
* 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 of fully Nil
paid (+) ordinary securities
cancelled during that 12
month period
-------------------------------------------
"A" 3,338,205,187
-------------------------------------------
Step 2: Calculate 15% of "A"
"B" 0.15
[Note: this value
cannot be
changed]
-----------------------------------------
Multiply "A" by 0.15 500,730,778
-----------------------------------------
Step 3: Calculate "C", the amount of placement capacity
under rule 7.1 that has already been used
Insert number of (+) equity 9,166,333 shares (Issued
securities issued or agreed 14/08/2019)
to be issued in that 12 29,605,236 shares (Issued
month period not counting 5/11/2019)
those issued: 2,960,526 options (Issued
* Under an exception in rule 7.2 5/11/2019)
49,342,105 shares (Issued
5/11/2019)
* 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" 91,074,224
-----------------------------------------
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 2 500,730,778
-----------------------------------------
Subtract "C"
Note: number must be same
as shown in Step 3 91,074,224
-----------------------------------------
Total ["A" x 0.15] - "C" 409,656,551
[Note: this is the
remaining placement
capacity under rule 7.1]
-----------------------------------------
"A" 3,338,205,187
-----------------------------------------
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 3,338,205,187
------------------------------------------
Step 2: Calculate 10% of "A"
"D" 0.10
Note: this value cannot be
changed
------------------------------------------
Multiply "A" by 0.10 333,820,518
------------------------------------------
Step 3: Calculate "E", the amount of placement capacity under rule
7.1A that has already been used
Insert number of equity securities Nil
issued or 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 2 333,820,518
------------------------------------------
Subtract "E" Nil
Note: number must be same
as shown in Step 3
------------------------------------------
Total ["A" x 0.10] - "E" 333,820,518
Note: this is the
remaining placement
capacity under rule 7.1A
------------------------------------------
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END
MSCUPUMAGUPUUAW
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