28th Mar 2008 12:00
Oilexco Incorporated28 March 2008 Oilexco Incorporated28th March 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 a) David Marshallb) Rod Christensenc) Faralee Chanind) Anne Marie Cannone) Kim Galavanf) Arthur Millholland 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 a) David Marshall: Grant of Optionsb) Rod Christensen: Sale of Shares, Exercise of Options & Grant of Optionsc) Faralee Chanin: Sale of Shares and Exercise of Optionsd) Anne Marie Cannon: Grant of Optionse) Kim Galavan: Grant of Optionsf) Arthur Millholland: Sale of Shares 9. Number of shares, debentures or financial instruments relating to shares acquired a) David Marshall: N/Ab) Rod Christensen: 130,000 @ CDN$ 3.35 and 75,000 @ CDN$ 1.91c) Faralee Chanin: 30,000 @ CDN$ 0.62 and 10,000 @ CDN$ 1.30d) Anne Marie Cannon: N/Ae) Kim Galavan: N/Af) Arthur Millholland: N/A 10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) a) David Marshall: N/Ab) Rod Christensen: 0.093%c) Faralee Chanin: 0.055%d) Anne Marie Cannon: N/Ae) Kim Galavan: N/Af) Arthur Millholland: N/A 11. Number of shares, debentures or financial instruments relating to shares disposed a) David Marshall: N/Ab) Rod Christensen: 45,000c) Faralee Chanin: 15,000d) Anne Marie Cannon: N/Ae) Kim Galavan: N/Af) Arthur Millholland: 30,000 12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) a) David Marshall: N/Ab) Rod Christensen: 0.021%c) Faralee Chanin: 0.007%d) Anne Marie Cannon: N/Ae) Kim Galavan: N/Af) Arthur Millholland: 0.014% 13. Price per share or value of transaction a) David Marshall: N/Ab) Rod Christensen: $CDN 592,650c) Faralee Chanin: $CDN 202,665d) Anne Marie Cannon: N/Ae) Kim Galavan: N/Af) Arthur Millholland: $CDN 403,525 14. Date and place of transaction a) David Marshall: N/Ab) Rod Christensen: 25th of March in Canadac) Faralee Chanin: 25th and 27th of March in Canadad) Anne Marie Cannon: N/Ae) Kim Galavan: N/Af) Arthur Millholland: 27th of March 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) a) David Marshall: 0 (0.0%)b) Rod Christensen: 211,700 (0.0963)c) Faralee Chanin: 25,000 (0.01%)d) Anne Marie Cannon: 0 (0.0%)e) Kim Galavan: 0 (0.0%)f) Arthur Millholland: 1,331,500 (0.61%) 16. Date issuer informed of transaction a) David Marshall: N/Ab) Rod Christensen: 25th of Marchc) Faralee Chanin: 27th of Marchd) Anne Marie Cannon: N/Ae) Kim Galavan: N/Af) Arthur Millholland: 27th of March If a person discharging managerial responsibilities has been granted options bythe issuer complete the following boxes 17. Date of grant a) David Marshall: March 26th 2008b) Rod Christensen: March 26th 2008c) Faralee Chanin: N/Ad) Anne Marie Cannon: March 26th 2008e) Kim Galavan: March 26th 2008f) Arthur Millholland: N/A 18. Period during which or date on which it can be exercised a) David Marshall: March 26th 2008 to March 25 2013b) Rod Christensen: March 26th 2008 to March 25 2013c) Faralee Chanin: N/Ad) Anne Marie Cannon: March 26th 2008 to March 25 2013e) Kim Galavan: March 26th 2008 to March 25 2013f) Arthur Millholland: N/A 19. Total amount paid (if any) for grant of the option a) David Marshall: Nilb) Rod Christensen: Nilc) Faralee Chanin: N/Ad) Anne Marie Cannon: Nile) Kim Galavan: Nilf) Arthur Millholland: N/A 20. Description of shares or debentures involved (class and number) a) David Marshall: 350,000 Options to subscribe for 1 Common shares of no par value per optionb) Rod Christensen: 100,000 Options to subscribe for 1 Common shares of no par value per optionc) Faralee Chanin: N/Ad) Anne Marie Cannon: 400,000 Options to subscribe for 1 Common shares of no par value per optione) Kim Galavan: 100,000 Options to subscribe for 1 Common shares of no par value per optionf) Arthur Millholland: N/A 21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise a) David Marshall: $CDN 13.27b) Rod Christensen: $CDN 13.27c) Faralee Chanin: N/Ad) Anne Marie Cannon: $CDN 13.27e) Kim Galavan: $CDN 13.27f) Arthur Millholland: N/A 22. Total number of shares or debentures over which options held following notification a) David Marshall: 1,000,000b) Rod Christensen: 650,000c) Faralee Chanin: 120,000d) Anne Marie Cannon: 400,000e) Kim Galavan: 350,000f) Arthur Millholland: 4,210,000 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 28th March 2008 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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