8th Jul 2008 18:30
Oilexco Incorporated
8 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
William Fraser Grant
Louisa Burke (spouse of Director Kevin Burke)
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: Exercise of Options and Sale of Shares
William Fraser Grant: Sale of Shares
Louisa Burke: Purchase of Shares
9. Number of shares, debentures or financial instruments relating to shares acquired
Arthur Millholland: 250,000 shares @ CAD$0.62
1,300,000 shares @ CAD$1.30
Louisa Burke: 10,000 shares @ £9.05
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
Arthur Millholland: 0.699%
Louisa Burke: 0.005%
11. Number of shares, debentures or financial instruments relating to shares disposed
Arthur Millholland: 100,486 shares
William Fraser Grant: 5,000 shares
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
Arthur Millholland: 0.045%
William Fraser Grant: 0.002%
13. Price per share or value of transaction
Arthur Millholland: Sale of Shares 50,256: CAD$905,898.10
Sale of Shares 8,630: CAD£164,420.60
Sale of Shares 41,600: CAD$789,205
William Fraser Grant: Sale of Shares CAD$95,500
Louisa Burke: Purchase of Shares £90,500
14. Date and place of transaction
Arthur Millholland: Exercise of Options 2nd of July in Canada
Sale of Shares (41,600) 2nd July in Canada
Sale of Shares (8,630) 3rd July in Canada
Sale of Shares (50,256.00) 4th of July in Canada
William Fraser Grant: Sale of Shares 2nd July in Canada
Louisa Burke: Purchase of Shares 3rd of July in London, UK
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: 2,533,644 shares (1.143%) and 2,660,000 options (1.200%)
William Fraser Grant: 455,000 shares (0.205%) and 780,000 options (0.352%)
Louisa Burke: 10,000 shares (0.005%) and 0 options (0%)
16. Date issuer informed of transaction
Arthur Millholland: Exercise of Options 8th of July in Canada
Sale of Shares (41,600) 8th July in Canada
Sale of Shares (8,630) 8th July in Canada
Sale of Shares (50,256.00) 8th of July in Canada
William Fraser Grant: Sale of Shares 8th of July in Canada
Louisa Burke: Purchase of Shares 8th of July in London, UK
If a person discharging managerial responsibilities has been granted options by the 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, 02077471504
Name and signature of duly authorised officer of issuer responsible for
making notification
Art Millholland
Date of notification 8 July 2008
Related Shares:
OIL.L