International Oil and Gas Tech Ltd Request for Cancellation of Listing (9954L)
01 May 2015 - 6:33PM
UK Regulatory
TIDMOGT
RNS Number : 9954L
International Oil and Gas Tech Ltd
01 May 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.
1 May 2015
International Oil and Gas Technology Limited
("IOGT" or the "Company")
Request for Cancellation of Listing
The Company announced on 16 April 2015 that it had 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 its investment in Strata Energy Services
Inc. and thereby clarification of the Company's financial
position.
The Company has further reviewed its situation and has decided,
in light of its modest residual size and lack of any income-earning
assets, that the costs and obligations of operating as a public
company are disproportionate to the benefit.
The Company has therefore requested a cancellation of the
listing and trading of its shares, which is expected to be
effective at 8 a.m. on 3 June 2015.
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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