Appendix 3B

Synergia Energy

15/05/2014 07:00

RNS Number : 1635H

Oilex Ltd

15 May 2014

 



 

 

 

 

15 May 2014

 

Appendix 3B

 

The attached Appendix 3B confirms the issue of 73,505,090 shares to Magna Energy Limited as announced on 2 May 2014, and as approved by shareholders at the 4 October 2013 General Meeting.

 

 

The shares are expected to be admitted to trading on the AIM market on 20 May 2014.

 

  

For and on behalf of Oilex Ltd

 

Robert Ierace

Chief Financial Officer and Company Secretary

 

 

 

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

 

New issue announcement,

application for quotation of additional securities

and agreement

 

Information or documents not available now must be given to ASX as soon as available.  Information and documents given to ASX become ASX's property and may be made public.

Introduced 01/07/96  Origin: Appendix 5  Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

 

 

Name of entity
OILEX LTD

 

ABN
50 078 652 632

 

We (the entity) give ASX the following information.

 

 

Part 1 ‑ All issues

You must complete the relevant sections (attach sheets if there is not enough space).

 

1
+Class of +securities issued or to be issued
Fully Paid Ordinary Shares
2
Number of +securities issued or to be issued (if known) or maximum number which may be issued
73,505,090
3
Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)
N/A

 

                          

             

4
Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?
If the additional securities do not rank equally, please state:
· the date from which they do
· the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
· the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
Yes
5
Issue price or consideration
$0.0598 per share
6
Purpose of the issue
(If issued as consideration for the acquisition of assets, clearly identify those assets)
Ordinary Shares - Issue of Unwind Shares as approved at the 4 October 2013 General Meeting of Shareholders
6a
Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?
If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i
Yes
6b
The date the security holder resolution under rule 7.1A was passed
11 November 2013
6c
Number of +securities issued without security holder approval under rule 7.1
N/A
6d
Number of +securities issued with security holder approval under rule 7.1A
N/A
6e
Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)
73,505,090
4 October 2013
6f
Number of +securities issued under an exception in rule 7.2
N/A
6g
If +securities issued under rule 7.1A was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the +issue date and both values. Include the source of the VWAP calculation.
N/A
6h
If +securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements
N/A
6i
Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements
7.1 - 85,155,218
7.1A - 59,103,478
7
+Issue dates
Notes: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in appendix 7A.
Cross reference: item 33 of Appendix 3B.
14 May 2014
8
Number and +class of all +securities quoted on ASX (including the +securities in section 2 if applicable)
Number
+Class
591,034,789
195,892,111
Fully Paid Ordinary Shares
Options exercisable at $0.15 each by 07/09/2015
9
Number and +class of all +securities not quoted on ASX (including the securities in section 2 if applicable)
Number
+Class
4,150,000
8,737,500
75,000
3,000,000
1,000,000
5,000,000
750,000
2,000,000
2,000,000
3,000,000
1,000,000
250,000
500,000
2,000,000
250,000
4,000,000
$0.30 Options due 01/07/2014
$0.37 Options due 10/11/2014
$0.63 Options due 01/08/2015
$0.15 Options due 17/12/2015
$0.15 Options due 30/01/2016
$0.25 Options due 08/03/2016
$0.15 Options due 27/06/2016
$0.15 Options due 04/11/2016
$0.15 Options due 11/11/2016
$0.15 Options due 05/12/2016
$0.25 Options due 30/01/2017
$0.15 Options due 10/03/2017
$0.25 Options due 27/06/2017
$0.25 Options due 11/11/2017
$0.25 Options due 10/03/2018
$0.15 Options due 29/04/2019
10
Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)
Not applicable

 

 

 

Part 2 ‑ Pro rata issue

 

11
Is security holder approval required?
Not applicable
12
Is the issue renounceable or non-renounceable?
13
Ratio in which the +securities will be offered
14
+Class of +securities to which the offer relates
15
+Record date to determine entitlements
16
Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?
17
Policy for deciding entitlements in relation to fractions
18
Names of countries in which the entity has security holders who will not be sent new issue documents
Note: Security holders must be told how their entitlements are to be dealt with.
Cross reference: rule 7.7.
19
Closing date for receipt of acceptances or renunciations
20
Names of any underwriters
21
Amount of any underwriting fee or commission
22
Names of any brokers to the issue
23
Fee or commission payable to the broker to the issue


 

24
Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of security holders
25
If the issue is contingent on security holders' approval, the date of the meeting
26
Date entitlement and acceptance form and offer documents will be sent to persons entitled
27
If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders
28
Date rights trading will begin (if applicable)
29
Date rights trading will end (if applicable)
30
How do security holders sell their entitlements in full through a broker?
31
How do security holders sell part of their entitlements through a broker and accept for the balance?
32
How do security holders dispose of their entitlements (except by sale through a broker)?
33
+Issue date


 

Part 3 ‑ Quotation of securities

You need only complete this section if you are applying for quotation of securities

 

34
Type of securities
(tick one)
(a)
ü
+Securities described in Part 1
(b)
o
All other +securities
Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities
Entities that have ticked box 34(a)
Additional securities forming a new class of securities
Tick to indicate you are providing the information or documents
35
If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders
36
If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories
1 - 1,000
1,001 - 5,000
5,001 - 10,000
10,001 - 100,000
100,001 and over
37
A copy of any trust deed for the additional +securities
Entities that have ticked box 34(b)
38
Number of securities for which +quotation is sought
Not applicable
39
+Class of +securities for which quotation is sought
40
Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted +securities?
If the additional +securities do not rank equally, please state:
· the date from which they do
· the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
· the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
41
Reason for request for quotation now
Example: In the case of restricted securities, end of restriction period
(if issued upon conversion of another +security, clearly identify that other +security)


 

42
Number and +class of all +securities quoted on ASX (including the securities in clause 38)
Number
+Class


Quotation agreement

 

1          +Quotation of our additional +securities is in ASX's absolute discretion.  ASX may quote the +securities on any conditions it decides. 

 

2          We warrant the following to ASX.

 

·           The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.

 

·           There is no reason why those +securities should not be granted +quotation.

 

·           An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

 

·           Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.

 

·           If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.

 

3          We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

 

4          We give ASX the information and documents required by this form.  If any information or document not available now, will give it to ASX before +quotation of the +securities begins.  We acknowledge that ASX is relying on the information and documents.  We warrant that they are (will be) true and complete.

                                              

 

Robert Ierace

 

 

 Appendix 3B - Annexure 1

Calculation of placement capacity under rule 7.1 and rule 7.1A for +eligible entities

Introduced 01/08/12, Amended 04/03/13

 

Part 1

 

Rule 7.1 - Issues exceeding 15% of capital
Step 1: Calculate "A", the base figure from which the placement capacity is calculated
Insert number of fully paid +ordinary securities on issue 12 months before the +issue date or date of agreement to issue
354,776,697
Add the following:
• Number of fully paid +ordinary securities issued in that 12 month period under an exception in rule 7.2
1,802 (issued 15/05/2013)
800 (issued 12/11/2013)
400 (issued 04/02/2014)
· Number of fully paid +ordinary securities issued in that 12 month period with shareholder approval
38,000,000 (issued 06/09/2013)
30,000,000 (issued 06/11/2013)
93,000,000 (issued 24/02/2014)
1,750,000 (issued 29/04/2014)
73,505,090 (issued 14/05/2014)
• Number of partly paid +ordinary securities
that became fully paid in that 12 month period
Nil
Note:
• Include only ordinary securities here - other classes of equity securities cannot be added
• Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed
• It may be useful to set out issues of securities on different dates as separate line items
Subtract the number of fully paid +ordinary securities cancelled during that 12 month period
Nil
"A"
591,034,789

 

Step 2: Calculate 15% of "A"
"B"
0.15
[Note: this value cannot be changed]
Multiply "A" by 0.15
88,655,218
Step 3: Calculate "C", the amount of placement capacity under rule 7.1 that has already been used
Insert number of +equity securities issued or agreed to be issued in that 12 month period not counting those issued:
• Under an exception in rule 7.2
• Under rule 7.1A
• With security holder approval under rule 7.1 or rule 7.4
Note:
• This applies to equity securities, unless specifically excluded - not just ordinary securities
• Include here (if applicable ) the securities the subject of the Appendix 3B to which this form is annexed
• It may be useful to set out issues of securities on different dates as separate line items
3,000,000 options (issued 05/12/2013)
500,000 options (issued 10/03/2014)
"C"
3,500,000
Step 4: Subtract "C" from ["A" x "B"] to calculate remaining placement capacity under rule 7.1
"A" x 0.15
Note: number must be same as shown in Step 2
88,655,218
Subtract "C"
Note: number must be same as shown in Step 3
3,500,000
Total ["A" x 0.15] - "C"
85,155,218
[Note: this is the remaining placement capacity under rule 7.1]

 

Part 2

 

Rule 7.1A - Additional placement capacity for eligible entities
Step 1: Calculate "A", the base figure from which the placement capacity is calculated
"A"
Note: number must be same as shown in Step 1 of Part 1
591,034,789
Step 2: Calculate 10% of "A"
"D"
0.10
Note: this value cannot be changed
Multiply "A" by 0.10
59,103,478
Step 3: Calculate "E", the amount of placement capacity under rule 7.1A that has already been used
Insert number of equity securities issued or agreed to be issued in that 12 month period under rule 7.1A
Notes:
• This applies to equity securities - not just ordinary securities
• Include here - if applicable - the securities the subject of the Appendix 3B to which this form is annexed
• Do not include equity securities issued under rule 7.1 (they must be dealt with in Part 1), or for which specific security holder approval has been obtained
• It may be useful to set out issues of securities on different dates as separate line items
"E"
-

 

 

 

Step 4: Subtract "E" from ["A" x "D"] to calculate remaining placement capacity under rule 7.1A
"A" x 0.10
Note: number must be same as shown in Step 2
59,103,478
Subtract "E"
Note: number must be same as shown in Step 3
-
Total ["A" x 0.10] - "E"
59,103,478
Note: this is the remaining placement capacity under rule 7.1A

 

 

 

 

 

This information is provided by RNS

The company news service from the London Stock Exchange

 
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