News

01 May 2015

Request for Cancellation of Listing

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.

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.

 

For further information:

Corporate Broker
Numis Securities
Nathan Brown
n.brown@numis.com Tel: +44 20 7260 1426

 

Notes to editors:

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.

 

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