Onyx Spot Oil Regulatory News (OIL)

31 Mar 2009 18:29



Oilexco Incorporated

31 March 2009

GENERAL TEXT AMENDMENT

The following amendment has been made to the "NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS" announcement released on 5 February 2009 at 16:25 pm under RNS No 8841M. The reason for this change in total share holding was a purchase of 808 shares by David Marshall at a price of £8.54 per share on the 19th of May 2008 which was not reported:

Following these purchases, the interests of Directors/PDMRs are as follows:

Director/PDMR Total Share Holding Total %

David Marshall 2,101 0.0009

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 required

by DR 3.1.4R(1).

The Company was notified on 5 February 2009 of the following changes in the interests of Directors and Persons Discharging Managerial Responsibilities ("PDMRs").

The following Ordinary shares of no par value each in the Company ("Shares") were sold under the Oilexco Employee Share Purchase Plan due to the suspension of the Plan on the 28 January and the 2 February 2009 on the Toronto Stock Exchange.

Shares sold

Shares sold at CAD$0.25 each

Arthur Sherman Millholland 47,871

Brian Laurence Ward 16,622  

William Hartman Smith 21,409

Rodney Jay Christensen 16,622

Aleksandra Janina Owad 15,957 

Shares sold

Shares sold at CAD$0.23 each

David Marshall 4,026

Michael William Coulthard 17,099

John Adrian Jones 3,650

Following these purchases, the interests of Directors/PDMRs are as follows:

Director/PDMR Total Share Holding Total %

Arthur Sherman Millholland 2,089,645 0.9336

Brian Laurence Ward 298,998 0.1336

William Hartman Smith 102,000 0.0456

Rodney Jay Christensen 35,198 0.0157

Aleksandra Janina Owad 36,000 0.0161 

David Marshall 2,101 0.0009

John Adrian Jones 1,244 0.0006

Michael William Coulthard 5,832 0.0026

Name of contact and telephone number for queries

Ed Dawson, 02077471504

Name and signature of duly authorized officer of issuer responsible for 

making notification

Art Millholland 

Date of notification 31 March 2009