Oilex Ltd Issue of Securities (7021C)
June 22 2021 - 5:48AM
UK Regulatory
TIDMOEX
RNS Number : 7021C
Oilex Ltd
22 June 2021
ASX-RNS Announcement
22 June 2021
ASX: OEX
AIM: OEX
Issue of Shares and Section 708A(5)(e) Notice
Oilex Ltd (Oilex or the Company) advises that it has issued
19,918,844 new ordinary shares as consideration in lieu of
Non-Executive Directors' fees ("Shares") for the period of 1 May
2019 through to 31 October 2020.
These new ordinary shares were issued at a price of AUD $0.0025
per ordinary share.
Shares Issued
-------------- --------------
Mr P Haywood 6,494,958
Mr P Schwarz 13,423,886
--------------
19,918,844
The issue of these shares to Non-Executive Directors in lieu of
fees was approved by shareholders at the Company's General Meeting
held on 8 June 2021.
AIM Admission and Total Voting Rights
Admission of 19,918,844 shares is expected to become effective
and dealings to commence at 8.00 a.m. on 28 June 2021. Following
Admission of these shares, the Company will have 5,459,695,310
shares on issue. The Company does not currently hold any shares in
treasury. Accordingly, the total number of voting rights will be
5,459,695,310.
Section 708A(5)(e) Statement
Oilex gives notice under section 708A(5)(e) of the Corporations
Act 2001 (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 708A(8) of the Act.
For and on behalf of Oilex Ltd
Mark Bolton
Executive Director and Company Secretary
For further information, please contact:
Investor Enquires AIM Broker AIM Nominated Media Enquires
Oilex Ltd Novum Securities Adviser (UK)
Joe Salomon B roker Strand Hanson Vigo Communications
Managing Director Colin Rowbury Limited Public Relations
Email: oilex@oilex.com.au Email: Nominated Adviser Patrick d'Ancona/Chris
Tel: +61 8 9485 crowbury@novumsecurities.co Rory Murphy/Ritchie McMahon
3200 m Balmer Email:
Australia Tel: +44 20 7399 Email: patrick.dancona@vigocomms.c
9427 oilex@strandhanson.co.uk om
UK Tel: +44 20 7409 chris.mcmahon@vigocomms.com
3494 Tel:+ 44 20 7390
UK 0230 UK
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END
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