OXX 5.26% 3.6¢ octanex limited

capital structure oxx

  1. 1,027 Posts.
    According to the 2012 Annual Report and Accounts of OXX
    the issued capital was

    152 million f.p. shares
    74 million p.p. shares
    33 million trustee shares issued pursuant to trustee stock scheme

    It looks like the unlisted trustee shares could be sold off when more capital is required and then listed.

    From the Report
    "During the year, the members of Octanex voted to approve a new trustee stock scheme to replace the existing
    such scheme and the Supreme Court of Victoria then gave its required approval to the new scheme at a hearing on
    17 November 2010. As a consequence of the company obtaining those necessary approvals, the 33,000,000 trustee
    shares held by the trustee under the then existing scheme were cancelled and 33,000,000 new trustee shares were
    issued to the trustee under the new scheme. Those new trustee shares are unlisted and the trustee may sell those
    shares as fully paid or partly paid ordinary shares and must then pass the net proceeds of their sale to the company"
 
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Currently unlisted public company.

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