Onyx Spot Oil Regulatory News (OIL)

11 Jul 2007 18:10

Oilexco Incorporated11 July 2007 Oilexco Incorporated11 July 2007 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 a) Fraser Grantb) John Cowenc) Gerald Roe 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 Exercise of Options 9. Number of shares, debentures or financial instruments relating to shares acquired a) Fraser Grant: Acquired 125,000 common shares at an option price of C$0.62 per shareb) John Cowen: Acquired 69,000 common shares at an option price of C$1.3 per sharec) Gerald Roe: Acquired 140,000 common shares at an option price of C$2.4 share and 200,000 common shares at an option price of C$3.35 per share 10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) a) Fraser Grant: 0.0578%b) John Cowen: 0.0319%c) Gerald Roe: 0.157% 11. Number of shares, debentures or financial instruments relating to shares disposed a) Fraser Grant: SOLD 50,000b) John Cowen: SOLD 69,000c) Gerald Roe: SOLD 350,000 12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) a) Fraser Grant: 0.023%b) John Cowen: 0.0319%c) Gerald Roe: 0.1617% 13. Price per share or value of transaction a) Fraser Grant: Exercised at C$0.62 per share and sold 5,000 at C$12.9, 5,000 at C$12.8024, 5,000 at C$13, 5,000 at C$13.25, 5,000 at C$13.53, 15,000 at C$13.6 and 10,000 at C$13.75 b) John Cowen: Exercised at C$1.3 per share and sold 10,100 at C$12.9698, 52,900 at C$12.9901, 5,000 at C$12.95 and 1,000 at C$13.48 c) Gerald Roe: Exercised 140,000 shares at C$2.4 per share and 200,000 shares at Cdn 3.35. 350,000 shares were sold at an average of 12.9226 14. Date and place of transaction a) Fraser Grant: 15,000 sold on 5 July 2007, 25,000 sold on 6 July 2007 and 10,000 sold on 9 July 2007, all in Canadab) John Cowen: 68,000 sold on 5 July 2007 and 1,000 sold on 6 July 2007, all in Canadac) Gerald Roe: 350,000 over the two day period of 4 and 5 July. 15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) a) Fraser Grant: 410,000 shares (0.189%) and 780,000 optionsb) John Cowen: 20,000 shares (0.009%) and 660,000 optionsc) Gerald Roe: 1,000,000 options 16. Date issuer informed of transaction a) Fraser Grant: 10/7/2007b) John Cowen: 6/7/2007c) Gerald Roe: 10/7/2007 If a person discharging managerial responsibilities has been granted options bythe issuer complete the following boxes 17. Date of grant 18. Period during which or date on which it can be exercised 19. Total amount paid (if any) for grant of the option 20. Description of shares or debentures involved (class and number) 21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise 22. Total number of shares or debentures over which options held following notification 23. Any additional information None 24. Name of contact and telephone number for queries Ed Dawson, 0203 043 0184 Name and signature of duly authorised officer of issuer responsible formaking notification Art Millholland Date of notification 11 July 2007 This information is provided by RNS The company news service from the London Stock Exchange This information is provided by RNS The company news service from the London Stock Exchange