Oilex Ltd Issue of Shares and Section 708A(5)(e) Notice (9625R)
November 11 2021 - 1:00AM
UK Regulatory
TIDMOEX
RNS Number : 9625R
Oilex Ltd
11 November 2021
ASX-RNS Announcement
11 November 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
1,930,860 new ordinary shares as consideration in lieu of
Non-Executive Directors' fees ("Shares") for the period from 1
August 2021 through to 31 October 2021.
These new ordinary shares were issued at a price of AUD $0.005
per ordinary share.
Shares Issued
-------------- --------------
Mr P Haywood 551,676
Mr P Schwarz 1,379,184
--------------
1,930,860
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 16 December 2020.
AIM Admission and Total Voting Rights
Admission of 1,930,860 shares is expected to become effective
and dealings to commence at 8.00 a.m. on 12 November 2021.
Following Admission of these shares, the Company will have
5,690,361,216 shares on issue. The Company does not currently hold
any shares in treasury. Accordingly, the total number of voting
rights will be 5,690,361,216.
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.
The Announcement was authorised by the Board of Oilex Ltd
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 Consulting
Executive Chairman 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@vigoconsult
9427 oilex@strandhanson.co.uk ing.com
UK Tel: +44 20 7409 chris.mcmahon@vigoconsultin
3494 g.com
UK Tel:+ 44 20 7390
0230 UK
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END
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