Oilex Ltd Unmarketable Parcel Facility Update (8937T)
30 November 2021 - 6:00PM
UK Regulatory
TIDMOEX
RNS Number : 8937T
Oilex Ltd
30 November 2021
ASX-RNS Announcement
30 November 2021
ASX: OEX
AIM: OEX
Unmarketable Parcel Facility Update
Oilex Ltd (Oilex or the Company) announced on 7 September 2021
that it was establishing an opt-out unmarketable parcel sale
facility (Facility) for shareholders who held less than $500 worth
of fully paid ordinary shares in the Company on the ASX share
register (Unmarketable Parcel).
The Company wishes to advise that since the closure date of the
Facility on 22 October 2021, approximately 80% of the Unmarketable
Parcels of shares have been sold on market, however due to recent
liquidity issues, the remaining disposal is taking longer than
originally timetabled. The revised estimated payment date for
return of funds to shareholders who have participated in the
Facility is anticipated to be the end of December 2021.
Shareholders should however please note that the payment date may
be subject to further variation or early completion, subject to
finalisation of the on-market share disposal, and the discretion of
the OEX board.
To enable the share registry to promptly make payment of the
cash component upon closure, the Company requests that shareholders
who participated in the Facility please ensure you have provided
the share registry with your nominated bank details as payments
will only be made by direct credit. The Company has determined that
due to postal delays associated with COVID 19, it will only make
payments by direct transfer to investors nominated bank
accounts.
If shareholders have any further questions about the Facility,
please contact the Oilex Limited Information Line on 1300 131 678
(within Australia) or +61 1300 131 678 (from outside Australia)
between 8:30am and 5:30pm (AEST) Monday to Friday, or visit
www.linkmarketservices.com.au.
For and on behalf of Oilex Ltd
Joe Salomon
Executive Chairman
For further information, please contact:
Investor Enquires AIM Broker AIM Nominated Media Enquires
Oilex Ltd Novum Securities Adviser (UK)
Roland Wessel B roker Strand Hanson Vigo Consulting
CEO Colin Rowbury Limited Investor 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 Email: patrick.dancona@vigoconsult
7399 9427 oilex@strandhanson.co.uk ing.com
UK Tel: +44 20 7409 chris.mcmahon@vvigoconsulti
3494 ng.com
UK Tel:+ 44 20 7390
0230 UK
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END
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