Onyx Spot Oil Regulatory News (OIL)

11 Apr 2008 13:11

Oilexco Incorporated11 April 2008 Oilexco Incorporated11 April 2008 NOTIFICATION OF TRANSACTIONS OF DIRECTORS,PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS This form is intended for use by an issuer to make a RIS notification requiredby DR 3.1.4R(1). (1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.(2) An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.(3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.(4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. Please complete all relevant boxes in block capital letters. 1. Name of the issuer Oilexco Incorporated 2. State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii) (i) ONLY 3. Name of person discharging managerial responsibilities/director Rod Christensen Faralee Chanin 4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person NOT APPLICABLE 5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest(3) In respect of the holding of those in (3) above 6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares Common shares of no par value 7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them As in (3) above 8. State the nature of the transaction Rod Christensen: Sale of Shares Faralee Chanin: Sale of Shares 9. Number of shares, debentures or financial instruments relating to shares acquired NOT APPLICABLE 10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) NOT APPLICABLE 11. Number of shares, debentures or financial instruments relating to shares disposed Rod Christensen: 55,200 Faralee Chanin: 10,000 12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) Rod Christensen: 0.0250% Faralee Chanin: 0.0045% 13. Price per share or value of transaction Rod Christensen: CDN$ 790,574.40 Faralee Chanin: CDN$ 133,950 14. Date and place of transaction Rod Christensen: Sale of Shares: 7th April and 10th April 2008 in CanadaFaralee Chanin: Sale of Shares: 4th April 2008 in Canada 15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) Rod Christensen: 151,300 shares (0.0684%) Faralee Chanin: 0 shares (0%) 16. Date issuer informed of transaction Rod Christensen: Sale of Shares: 10th April 2008Faralee Chanin: Sale of Shares: 4th of April 2008 If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes 17. Date of grant NOT APPLICABLE 18. Period during which or date on which it can be exercised NOT APPLICABLE 19. Total amount paid (if any) for grant of the option NOT APPLICABLE 20. Description of shares or debentures involved (class and number) NOT APPLICABLE 21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise NOT APPLICABLE 22. Total number of shares or debentures over which options held following notification NOT APPLICABLE 23. Any additional information None 24. Name of contact and telephone number for queries Ed Dawson, 02077471504 Name and signature of duly authorised officer of issuer responsible formaking notification Art Millholland Date of notification 11 April 2008 This information is provided by RNS The company news service from the London Stock Exchange