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Result of EGM

6th Jun 2007 07:00

OILEX LTD6 June 2007The Manager

Centralised Company Announcement Office

Australian Stock Exchange Limited

10th Floor, 20 Bond StreetSYDNEY NSW 2000Dear Sir,

RE: RESULTS OF GENERAL MEETING - 6 JUNE 2007

We have pleasure in advising that the resolution put to the General Meeting of Shareholders, held at 10.00am on Wednesday 6 June 2007 was passed unanimously on a show of hands as detailed below:

As Ordinary Resolutions 1. Issue of Shares Proxy VotesThere were a total of 41 valid proxies received. These proxy votes wererecorded as follows: IN FAVOUR OF FOR AGAINST ABSTAIN TOTAL THE CHAIRMAN (CAN'T VOTE) Resolution 1 298,910 12,818,616 15,084 2,800 13,135,410

For and on behalf of the Board

M.D.J. CozijnChairman

cc: Directors - BMcC/RB/GIJ/LLB

ABN 50 078 652 632

Level 3, 50 Kings Park Road West Perth WA 6005 Australia, PO Box 588 West Perth

WA 6872 Australia Telephone: (+61 8) 9226 5577 Facsimile: (+61 8) 9226 2108

Email: [email protected] Web: www.oilex.com.au

OILEX LTD

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