Oilex Ltd Issue of Securities (3276T)
July 17 2020 - 2:07AM
UK Regulatory
TIDMOEX
RNS Number : 3276T
Oilex Ltd
17 July 2020
ASX - RNS Announcement
17 July 2020
ASX: OEX
AIM: OEX
Re: Issue of Securities
Oilex Ltd (Oilex or the Company) is pleased to announce it has
issued the second and final tranche of 55,555,556 ordinary shares
pursuant to the placement first announced on 16 March 2020, and
amended as announced on 27 April 2020 (Second Tranche Shares). The
share issue was pursuant to an equity capital raising to secure
further funding of GBP0.25 million (A$0.5 million) through the
subscription of 277,777,778 new shares (Subscription Shares) at
GBP0.009 per share (0.1792 AUD cents) per share (
Subscription).
The Company also announces the issue of 103,033,333 shares to
advisors and consultants in lieu of cash fees payable. The issue of
84,810,000 shares to advisors and consultants was approved by
shareholders on 30 June 2020, with the balance of 18,223,333 shares
at GBP0.009 per share issued to the Company's legal advisors under
the Company's listing rule 7.1 capacity.
An Appendix 2A pursuant to the issue of the 55,555,556 shares
pursuant to the placement and 103,033,333 shares to advisors and
consultants is attached to this announcement.
http://www.rns-pdf.londonstockexchange.com/rns/3276T_1-2020-7-17.pdf
An Appendix 3B for the proposed issue of 18,223,333 shares to the
Company's legal advisors has been announced separately.
http://www.rns-pdf.londonstockexchange.com/rns/3276T_2-2020-7-17.pdf
Issue of Unlisted Options
Further to the approval by shareholders at the meeting held on
30 June 2020 and Appendix 3B as announced on 15 May 2020, the
Company advises that it has issued the following unlisted
options:
Series B Options 115,727,273 exercisable at GBP0.0011 on or before 31 July 2020
Series D Options 204,545,455 exercisable at GBP0.0011 on or before 30 June 2021
AIM Admission and Total Voting Rights
Application has been made to the London Stock Exchange plc for
the admission of, in aggregate, 158,588,889 ordinary shares
(comprising the Second Tranche Shares and the Advisor Shares) to
trading on AIM (Admission). Admission of the Second Tranche Shares
and the Advisor Shares is expected to become effective and dealings
to commence at 8.00 a.m. on 24 July 2020. Following Admission of
the Second Tranche Shares and the Advisor Shares , the Company will
have 3,807,129,999 shares in issue. The Company does not currently
hold any shares in treasury. Accordingly, the total number of
voting rights will be 3,807,129,999.
Section 708A(5)(e) Statement
Pursuant to the issue of the Second Tranche Shares and the
Advisor 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
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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