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18 Aug 2009 09:52
18 August 2009
APPENDIX 3B
We attach hereto an Appendix 3B detailing the following changes to unlisted Employee Options and unlisted Employee Performance Rights:
Employee Options
Issue of 2,950,000 unlisted employee options, vesting on 1 July 2010, exercisable @ 30 cents by 1 July 2014, pursuant to the annual staff remuneration review (in conjunction with reducing total employee monetary remuneration).
775,000 unlisted employee options exercisable @ 50 cents by 31/07/2009 - Expired 775,000 unlisted employee options exercisable @ 65 cents by 31/07/2009 - Expired
2006 Employee Performance Rights
20,000 Tranche 1 - Converted178,000 Tranche 2 - Cancelled173,000 Tranche 3 - Cancelled
For and on behalf of Oilex Ltd
Jay Laurie
Company Secretary
cc: Directors - BMc/RB/MC/LLB/BC/RM
Rule 2.7, 3.10.3, 3.10.4, 3.10.5Appendix 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 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.
Name of entityOILEX LTDABN50 078 652 632
We (the entity) give ASX the following information.
Part 1 - All issuesYou must complete the relevant sections (attach sheets if there is not enoughspace).1. +Class of +securities (A) Unlisted Options issued or to be issued (B) Fully Paid Ordinary Shares 2. Number of +securities issued or to be issued (if known) or maximum number (A) 2,950,000 Unlisted Options which may be issued (B) 20,000 Ordinary Shares 3. Principal terms of the +securities (eg, if options, exercise price (A) Unlisted Employee Options and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if 2,950,000 Options @ $0.30 expiring 1 +convertible securities, July 2014 the conversion price and dates for conversion) (B) Ordinary Shares Tranche 1 2006 - 20,000 Employee Performance Rights exercised
4. Do the +securities rank equally
in all respects from the date of allotment with an existing (A) Yes once exercised +class of quoted +securities? (B) Yes 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
5. Issue price or consideration (A) Nil
(B) Nil 6. Purpose of the issue (A) Issue of unlisted options to employees as part of annual (If issued as consideration for remuneration review the acquisition of assets, clearly identify those assets) (B) Issue of ordinary shares upon exercise of unlisted Employee Performance Rights by employees pursuant to the Employee Performance Rights Plan 7. Dates of entering +securities into uncertificated holdings or (A) 17 August 2009 despatch of certificates (B) 18 August 2009 Number +Class
8. Number and +class of all
+securities quoted on ASX (including the securities 176,074,885 Ordinary Shares in clause 2 if applicable) Number +Class
9. Number and +class of all
+securities not quoted on ASX (including the 500,000 $1.50 Options due 31/10/2009 securities in clause 2 if applicable) 500,000 $1.75 Options due 31/10/2009 4,250,000 $0.80 Options due 14/12/2009 500,000 $1.00 Options due 31/12/2009 3,000,000 $1.50 Options due 31/12/2009 450,000 $1.40 Options due 31/01/2010 400,000 $2.00 Options due 31/01/2010 4,500,000 $0.50 Options due 31/03/2010 300,000 $1.75 Options due 31/03/2010 350,000 $1.60 Options due 30/04/2010 350,000 $2.10 Options due 30/04/2010 775,000 $0.90 Options due 31/07/2010 500,000 $2.00 Options due 31/10/2010 400,000 $2.50 Options due 31/01/2011 2,500,000 $2.00 Options due 31/03/2011 300,000 $2.25 Options due 31/03/2011 350,000 $2.70 Options due 30/04/2011 900,000 $1.75 Options due 30/06/2011 900,000 $2.25 Options due 30/06/2011 3,900,000 $2.00 Options due 01/07/2011 3,900,000 $2.50 Options due 01/07/2011 500,000 $1.57 Options due 30/09/2011 300,000 $2.75 Options due 31/03/2012 900,000 $2.75 Options due 30/06/2012 2,950,000 $0.30 Options due 01/07/2014 2006 Performance Rights 40,000 Tranche 1 expire 1/07/2011 2007 Performance Rights 120,000 Tranche 1 expire 1/07/2012 120,000 Tranche 2 expire 1/07/2012 120,000 Tranche 3 expire 1/07/2012 2008 Performance Rights 84,000 Tranche 1 expire 1/07/2013 35,000 Tranche 2 expire 1/07/2013 36,000 Tranche 3 expire 1/07/2013
10. Dividend policy (in the
case of a trust, distribution policy) on N/A the increased capital (interests)
Part 2 - Bonus issue or pro rata issue [Item 11 to 33 - Not Applicable]
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) X Securities described in Part 1 (b) 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) [Items 35 to 42 - Not Applicable]
Additional securities forming a new class of securities
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.
- We warrant that if confirmation is required under section 1017F of the
Corporations Act in relation to the +securities to be quoted, it has been
provided 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.
Sign here: ...................................................... Date: 18 August 2009
(Company Secretary)Print name: Jay Laurie
+See chapter 19 for defined terms
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