International Oil and Gas Tech Ltd Notification of Major Interest in Shares (1957H)

TIDMOGT
RNS Number : 1957H
International Oil and Gas Tech Ltd
11 March 2015
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
----------------------------------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying                              INTERNATIONAL OIL AND GAS TECHNOLOGY 
  issuer                                                                   LIMITED 
  of existing shares to which voting rights 
  are 
  attached: (ii) 
-----------------------------------------------------------------------  ---------------------------------------------------- 
 2 Reason for the notification (please tick the appropriate box or boxes): 
----------------------------------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                                                           ü 
-----------------------------------------------------------------------------------------------------------------  ---------- 
 An acquisition or disposal of qualifying financial instruments 
  which may result in the acquisition of shares already issued to 
  which voting rights are attached 
-----------------------------------------------------------------------------------------------------------------  ---------- 
 An acquisition or disposal of instruments with similar economic 
  effect to qualifying financial instruments 
-----------------------------------------------------------------------------------------------------------------  ---------- 
 An event changing the breakdown of voting rights 
-----------------------------------------------------------------------------------------------------------------  ---------- 
 Other (please 
  specify): 
----------------------  -----------------------------------------------------------------------------------------  ---------- 
 3. Full name of person(s) subject                                                              Armstrong Investments Limited 
  to the 
  notification obligation: (iii) 
--------------------------------------------------------------  ------------------------------------------------------------- 
 4. Full name of shareholder(s)                                                                     Nortrust Nominees Limited 
  (if different from 3.):(iv) 
--------------------------------------------------------------  ------------------------------------------------------------- 
 5. Date of the transaction and date                                                                             9 March 2015 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------------------------  ------------------------------------------------------------- 
 6. Date on which issuer notified:                                                                              11 March 2015 
--------------------------------------------------------------  ------------------------------------------------------------- 
 7. Threshold(s) that is/are crossed                                                                             Above 8 & 9% 
  or 
  reached: (vi, vii) 
--------------------------------------------------------------  ------------------------------------------------------------- 
 
   8. Notified details: 
----------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
----------------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                    Resulting situation after the triggering 
  of             to the triggering                     transaction 
  shares         transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------  ------------------------------------  ------------------------------------------------------------------------ 
                Number             Number             Number                     Number of voting        % of voting 
                 of                 of                 of shares                  rights                  rights (x) 
                 Shares             Voting 
                                    Rights 
-------------  -----------------  -----------------  -------------------------  ----------------------  --------------------- 
                                                      Direct        Indirect     Direct     Indirect     Direct     Indirect 
                                                                                  (xi)       (xii) 
-------------     ----     -----      -----  ------  ------------  -----------  ---------  -----------  ---------  ---------- 
 PARTICIP RED 
 PREF SHS 
 USD1           575,000            575,000            750,000       750,000                              9.38 
               -----------------  -----------------  ------------  -----------  ---------  -----------  ---------  ---------- 
 GG00B29Q2M88 
-------------     ----     -----      -----  ------  ---------     ----  -----  -----      ---------    ---------  ---------- 
 
 B: Qualifying Financial Instruments 
----------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------------------- 
 Type of financial          Expiration        Exercise/                   Number of voting             % of voting 
  instrument                 date (xiii)       Conversion Period           rights that may              rights 
                                               (xiv)                       be 
                                                                           acquired if the 
                                                                           instrument is 
                                                                           exercised/ converted. 
-------------------------  ----------------  --------------------------  ---------------------------  ----------------------- 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments (xv, xvi) 
----------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------------------- 
 Type of           Exercise            Expiration     Exercise/           Number of voting             % of voting rights 
 financial          price               date (xvii)    Conversion          rights instrument            (xix, xx) 
 instrument                                            period              refers to 
                                                       (xviii) 
----------------  ------------------  -------------  ------------------  ---------------------------  ----------------------- 
                                                                                                       Nominal      Delta 
----------------  ------------------  -------------  ------------------  ---------------------------  -----------  ---------- 
 
 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                            Percentage of voting rights 
-----------------------------------------------------------------  ---------------------------------------------------------- 
 750,000                                                            9.38% 
-----------------------------------------------------------------  ---------------------------------------------------------- 
 
   9. Chain of controlled undertakings through which the voting rights and/or 
   the 
   financial instruments are effectively held, if applicable: (xxi) 
----------------------------------------------------------------------------------------------------------------------------- 
 
                                                                          Nortrust Nominees for Armstrong Investments Limited 
 
 Proxy Voting: 
----------------------------------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                                                                            N/A 
-------------------------------------------------------------------------------------  -------------------------------------- 
 11. Number of voting rights proxy holder will                                                                            N/A 
  cease 
  to hold: 
-------------------------------------------------------------------------------------  -------------------------------------- 
 12. Date on which proxy holder will cease to                                                                             N/A 
  hold 
  voting rights: 
-------------------------------------------------------------------------------------  -------------------------------------- 
 
 
  13. Additional information: 
-----------------------------------------------------------------  ---------------------------------------------------------- 
 14. Contact name:                                                  Mark Le Cras 
-----------------------------------------------------------------  ---------------------------------------------------------- 
 15. Contact telephone number:                                      01481 745708 
-----------------------------------------------------------------  ----------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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