15th Jul 2008 18:14
RNS Number : 1522Z
Oilexco Incorporated
15 July 2008
Oilexco Incorporated
15 July 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 required
by 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
Arthur S Millholland
John Cowan
Aleksandra Owad
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
Arthur Millholland: Sale of Shares
John Cowan: Exercise of Options and Sale of Shares
Aleksandra Owad: Sale of Shares
9. Number of shares, debentures or financial instruments relating to shares acquired
John Cowan: 20,000 shares at CAD$1.91
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
John Cowan: 0.0090%
11. Number of shares, debentures or financial instruments relating to shares disposed
Arthur Millholland: 405,970 shares
John Cowan: 20,000 shares
Aleksandra Owad: 7,000 shares
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
Arthur Millholland: 0.1831%
John Cowan: 0.0090%
Aleksandra Owad: 0.0031%
13. Price per share or value of transaction
Arthur Millholland: Sale of Shares 200,000: CAD$3,434,582
Sale of Shares 100,000: CAD$1,777,317
Sale of Shares 105,970: CAD$1,910,277.40
John Cowan: Exercise of Options 20,000: CAD$38,200
Sale of Shares 20,000: CAD$366,940
Aleksandra Owad: Sale of Shares 7,000: CAD$ 124,600
14. Date and place of transaction
Arthur Millholland: Sale of Shares 10th of July in Canada
Sale of Shares 11th of July in Canada
Sale of Shares 14th of July in Canada
John Cowan: Exercise of Options 14th of July in Canada
Sale of Shares 14th of July in Canada
Aleksandra Owad: Sale of Shares 11th of July 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)
Arthur Millholland: 1,842,274 shares (0.8312%) and 2,660,000 options (1.2002%)
John Cowan: 20,000 shares (0.0090%) and 740,000 options (0.3339%)
Aleksandra Owad: 36,000 shares (0.0162%) and 370,000 options (0.1669%)
16. Date issuer informed of transaction
Arthur Millholland: Sale of Shares 200,000: 15th of July
Sale of Shares 100,000: 15th of July
Sale of Shares 105,970: 15th of July
John Cowan: Exercise of Options: 15th of July
Sale of Shares: 15th of July
Aleksandra Owad: Sale of Shares: 15th of July
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17. Date of grant
N/A
18. Period during which or date on which it can be exercised
N/A
19. Total amount paid (if any) for grant of the option
N/A
20. Description of shares or debentures involved (class and number)
N/A
21. Exercise price (if fixed at time of grant) or indication that price is
to be fixed at the time of exercise
N/A
22. Total number of shares or debentures over which options held following
notification
N/A
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 for
making notification
Art Millholland
Date of notification 15 July 2008
This information is provided by RNS
The company news service from the London Stock Exchange
Related Shares:
OIL.L