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High Court Update - Continued Suspension on AIM

22nd Oct 2018 16:17

RNS Number : 8072E
Oilex Ltd
22 October 2018
 

AIM Announcement

 

 

22 October 2018

 

ASX: OEX

AIM: OEX

 

High Court of Gujarat Update

Continued Suspension on AIM

 

Further to the announcement made earlier today in relation to Oilex Ltd (Company) appearing in the High Court of Gujarat (Court), India, the Company announces that the Court completed hearing the final arguments late today (Indian local time).

As the matter has been held over until tomorrow, being 23 October 2018, trading in the Company's shares will remain suspended on AIM, pending a further announcement following tomorrow's hearing in the Court.

The Ex Parte Stay Order, which was originally put in place on 9 August 2018, automatically expires after 5 November 2018.

 

For and on behalf of Oilex Ltd

 

 

 

 

Mark Bolton

Chief Financial Officer and Company Secretary

 

For further information, please contact:

Investor Enquiries

Oilex Ltd

Joe Salomon

Managing Director

Email: [email protected]

Tel: +61 8 9485 3200

Australia

AIM Broker

Cornhill Capital Limited

Broker

Daniel Gee

Email: [email protected]

 

Tel: +44 20 3700 2500

UK

AIM Nominated Adviser

Strand Hanson Limited

Nominated Adviser

Rory Murphy/Ritchie Balmer

Email: [email protected]

Tel: +44 20 7409 3494

UK

Media Enquires (UK)

Vigo Communications

Public Relations

Patrick d'Ancona/Chris McMahon

Email: [email protected]

[email protected]

Tel:+ 44 20 7390 0230

UK

Media Enquiries (Aus)

Citadel-MAGNUS

Michael Weir

Email: [email protected]

Tel: +618 6160 4900

Australia

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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