21st Dec 2007 07:00
21 December 2007APPENDIX 3B
We attach hereto an Appendix 3B detailing the allotment of unlisted Employee Performance Rights.
Please also note that the following performance rights have been cancelled:
2006 Performance Rights10,000 Tranche 210,000 Tranche 32007 Performance Rights15,000 Tranche 115,000 Tranche 215,000 Tranche 3
For and on behalf of Oilex Ltd
Max CozijnCompany Secretary Appendix 3B New issue announcement, application for quotation of additional securities and agreement 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 enoughspace).1 +Class of +securities Performance Rights - Unlisted - 2007 issued or to be issued 2 Number of +securities 100,000 Performance Rights - 2007 issued or to be issued (if known) or maximum number which may be issued 3 Principal terms of the Performance Rights expire 1/7/2012 +securities (eg, if options, exercise price and Tranche 1 33,000 Rights Performance date 30 expiry date; if partly paid /6/2008 +securities, the amount outstanding and due dates Tranche 2 33,000 Rights Performance date 30 for payment; if /6/2009 +convertible securities, the conversion price and Tranche 3 34,000 Rights Performance date 30 dates for conversion) /6/2010 4 Do the +securities rank N/A 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 5 Issue price or consideration Nil 6 Purpose of the issue Issue of Performance Rights to employee pursuant to the Employee (If issued as consideration Performance Rights Plan, per annual for the acquisition of review. assets, clearly identify those assets) 7 Dates of entering 21 December 2007 +securities into uncertificated holdings or despatch of certificates Number +Class 8 Number and +class of all 130,083,885 Ordinary Shares +securities quoted on ASX (including the securities in clause 2 if applicable) Number +Class 9 Number and +class of all 2,000,000 $0.20 Options due 28/02/2008 +securities not quoted on ASX (including the 500,000 $1.00 Options due 31/12/2009 securities in clause 2 if applicable) 3,000,000 $1.50 Options due 31/12/2009 1,000,100 $0.50 Options due 7/12/2008 2,000,000 $0.40 Options due 14/12/2008 3,000,000 $0.50 Options due 14/12/2008 4,250,000 $0.80 Options due 14/12/2009 1,000,000 $0.50 Options due 16/02/2009 4,500,000 $0.50 Options due 31/03/2010 775,000 $0.50 Options due 31/07/2009 775,000 $0.65 Options due 31/07/2009 775,000 $0.90 Options due 31/07/2010 500,000 $1.50 Options due 31/10/2009 500,000 $1.75 Options due 31/10/2009 500,000 $2.00 Options due 31/10/2010 500,000 $1.40 Options due 31/01/2010 450,000 $2.00 Options due 31/01/2010 450,000 $2.50 Options due 31/01/2011 2,500,000 $2.00 Options due 31/03/2011 300,000 $1.75 Options due 31/03/2010 300,000 $2.25 Options due 31/03/2011 300,000 $2.75 Options due 31/03/2012 500,000 $1.57 Options due 30/09/2008 350,000 $1.60 Options due 30/04/2010 350,000 $2.10 Options due 30/04/2010 350,000 $2.70 Options due 30/04/2011 3,900,000 $2.00 Options due 01/07/2011 3,900,000 $2.50 Options due 01/07/2011 2006 Performance Rights 279,000 Tranche 1 expire 1/07/2011 254,000 Tranche 2 expire 1/07/2011 249,000 Tranche 3 expire 1/07/2011 2007 Performance Rights 143,000 Tranche 1 expire 1/07/2012 128,000 Tranche 2 expire 1/07/2012 128,000 Tranche 3 expire 1/07/2012 10 Dividend policy (in the N/A case of a trust, distribution policy) on 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 ofsecurities34 Type of securities (tick one) (a) 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 securitie
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.
¢â‚¬¢ The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.
¢â‚¬¢ There is no reason why those +securities should not be granted +quotation.
¢â‚¬¢ 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
¢â‚¬¢ 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.
¢â‚¬¢ 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.
¢â‚¬¢ 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: ....21 December 2007
(Director/Company Secretary)
Print name: .........M.D.J. Cozijn....................
OILEX LTDRelated Shares:
OEX.L