17th Sep 2007 17:09
Oilexco Incorporated17 September 2007 Oilexco Incorporated17 September 2007 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) Michael Cairns 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: Sale of Share and Exercise of Optionsb) Michael Cairns: Sale of Share and Exercise of Options 9. Number of shares, debentures or financial instruments relating to shares acquired a) David Marshall: 100,000 @ CDN$ 2.25b) Michael Cairns: 100,000 @ CDN$ 3.46 10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) a) Michael Cairns: 0.046%b) David Marshall: 0.046% 11. Number of shares, debentures or financial instruments relating to shares disposed a) David Marshall: SOLD 100,000b) Michael Cairns: SOLD 100,000 12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) a) Dave Marshall: 0.046%b) Michael Cairns: 0.046% 13. Price per share or value of transaction a) Dave Marshall: CDN$ 1,382,000b) Michael Cairns: CDN$ 1,466,008 14. Date and place of transaction a) Dave Marshall: 11th September in Canada via a London brokerb) Michael Cairns: 13th September 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: Zero Shares and 650,000 (0.299%) optionsb) Michael Cairns: Zero Shares and 290,000 (0.134%) options 16. Date issuer informed of transaction a) Dave Marshall: 17th Septemberb) Michael Cairns: 14th September 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 formaking notification Art Millholland Date of notification 17 September 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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