Issue of Securities

Oilex Ltd (Oilex or the Company) advises that it has issued 13,888,889 ordinary shares at 0.36 pence (New Ordinary Shares) for £50,000 being the final tranche in the £650,000 equity capital raising as announced on 18 December 2018.

The issue of New Ordinary Shares under LR7.1 are included in the attached Appendix 3B.

Admission and Total Voting Rights 

Application has been made to the London Stock Exchange plc for the admission of the 13,888,889 ordinary shares (New Ordinary Shares) to trading on AIM (Admission).

Admission of 13,888,889 of the New Ordinary Shares is expected to become effective and dealings to commence at 8.00 a.m. on 23 January 2019.  Following Admission of these shares, the Company will have 2,576,987,999 shares in issue. The Company does not currently hold any shares in treasury.  Accordingly, the total number of voting rights will be 2,576,987,999.

Section 708A(5)(e) Statement

Pursuant to the issue of the abovementioned New Ordinary Shares, Oilex gives notice under section 708A(5)(e) of the Corporations Act (Cth) (Act) that:

  1. Oilex issued the Shares and Options without disclosure to investors under Part 6D.2 of the Act;

     

  2. As at the date of this notice, Oilex has complied with:
    1. the provisions of Chapter 2M of the Act as they apply to Oilex; and
    2. 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.
Issue of Securities