Oilex Ltd (ASX:LON:OEX) Update on Legal Proceedings

Resumption of Trading on AIM

Further to the announcement made yesterday in relation to Oilex Ltd (Company) appearing in the High Court of Gujarat, India, the Company announces that the matter has been held over until tomorrow, 17 October 2018, to allow for final legal arguments to be heard following insufficient time today.

At this current time, the Company does not expect that a final decision will be made by the High Court tomorrow and instead this may occur on Monday next week with a further update to be made then.

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

As a result of this announcement, trading in Oilex’s shares on AIM will resume immediately.

 

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