Oilex Ltd Issue of Securities (9685C)
June 24 2021 - 2:00AM
UK Regulatory
TIDMOEX
RNS Number : 9685C
Oilex Ltd
24 June 2021
ASX - RNS Announcement
24 June 2021
ASX: OEX
AIM: OEX
Re: Issue of Securities
Further to Oilex Ltd's (Oilex or the Company) initial
announcement on 21 April 2021, and subsequent announcements, in
respect of the equity capital raising of GBP2.4 million (A$4.3
million), the Company is pleased to announce it has issued:
- 226,276,261 new ordinary shares which completes the issue of
all of the 603,403,361 Tranche 2 ordinary
shares; and
- 477,694,327 unlisted options exercisable at GBP0.476 pence per
share on or before 30 June 2022. There
are no remaining Tranche 2 options to be issued.
Background
In regard to the equity capital raising announced on 21 April
2021, the Company will issue an aggregate of 1,008,403,361 new
ordinary shares at GBP 0.238 pence (0.425 AUD cents) per share
(Subscription), with the Subscription to be completed in two
tranches:
Tranche 1: 405,000,000 ordinary shares issued at GBP 0.238 pence
for GBP0.964 million under the Company's
existing ASX LR7.1 capacity (already completed).
Tranche 2: 603,403,361 ordinary shares issued at GBP 0.238 pence
for GBP1.436 million subject to shareholder approval being
obtained. Such approval was obtained from the shareholders at the
General Meeting held on 8 June 2021 (now fully completed following
the above-mentioned issue of shares).
Each ordinary share issued as part of Tranche 2 will also be
issued with one share option, resulting in the issue of an
aggregate 603,403,361 unlisted options. The options are exercisable
at GBP0.476 pence per share on or before 30 June 2022. Approval for
the issue of these options was obtained from the shareholders at
the General Meeting held on 8 June 2021 (now fully completed
following the above-mentioned issue of options).
AIM Admission and Total Voting Rights
Application has been made to the London Stock Exchange plc for
the admission of 226,276,261 new ordinary 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 30 June
2021. Following Admission, the Company will have 5,685,971,571
shares in issue. The Company does not currently hold any shares in
treasury. Accordingly, the total number of voting rights will be
5,685,971,571.
http://www.rns-pdf.londonstockexchange.com/rns/9685C_1-2021-6-24.pdf
Section 708A(5)(e) Statement
Pursuant to the issue of the 125,709,034 ordinary 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
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