International Oil and Gas Tech Ltd Statement re. Suspension (3495K)
16 4월 2015 - 3:30PM
UK Regulatory
TIDMOGT
RNS Number : 3495K
International Oil and Gas Tech Ltd
16 April 2015
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE
REPUBLIC OF IRELAND, JAPAN OR ANY JURISDICTION IN WHICH THE SAME
WOULD BE UNLAWFUL.
16 April 2015
International Oil and Gas Technology Limited
("IOGT" or the "Company")
Request for Suspension
The Company announced on 9 March 2015 that its directors (the
"Directors") had determined it appropriate to pursue a disposal of
the Company's principal investment, in Strata Energy Services Inc.
("Strata"), through a specialist investment bank.
As the disposal process for Strata is ongoing, with firm
indications of pricing not expected to be available by 30 April
2015 (the deadline for the publication of the Company's annual
financial report to 31 December 2014), the Company has requested
that the listing and trading of its shares be suspended with
immediate effect pending information which enables the Directors to
attribute a fair value to the investment in Strata and thereby
clarification of the Company's financial position.
A further announcement will be made in due course.
- End -
For further information:
Corporate Broker
Numis Securities
Nathan Brown Tel: +44 (0) 20 7260 1426
n.brown@numis.com
Notes to editors:
International Oil and Gas Technology Limited
International Oil and Gas Technology Limited is an authorised
closed-ended investment company incorporated in Guernsey. The
Company was admitted to the Official List of the UK Listing
Authority and to trading on the London Stock Exchange on 7 January
2008. Its stock market EPIC is OGT.L.
Further information can be found at
www.international-ogt.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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