International Oil and Gas Tech Ltd Result of EGM (6431Q)
October 16 2013 - 5:56AM
UK Regulatory
TIDMOGT
RNS Number : 6431Q
International Oil and Gas Tech Ltd
16 October 2013
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 October 2013
INTERNATIONAL OIL AND GAS TECHNOLOGY LIMITED
RESULT OF EGM AND PLACING UPDATE
The Company announces that:
-- The Resolutions were duly passed at the EGM held earlier today.
-- The Board has allotted 707,228 Placing Shares, subject to
Admission which is expected at 8 a.m. on 21 October 2013.
-- Applications for Admission have been made to the London Stock
Exchange and the UK Listing Authority.
-- Following Admission, the Company will have 7,999,594 Shares
in issue. This figure may be used by Shareholders as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in the Company, under the Disclosure and Transparency
Rules.
FOR FURTHER INFORMATION
Numis Securities Limited
Nathan Brown
Tel: +44 20 7260 1426
NOTES TO EDITORS
International Oil and Gas Technology Limited ("IOGT") is an
authorised closed-ended investment company incorporated in
Guernsey. IOGT invests expansion capital into companies that
provide services and technology to the upstream oil and gas
industry. These companies have proprietary and proven technologies,
services and/or processes that can be deployed more rapidly or on a
larger scale through the introduction of growth capital. Such
companies are likely to have recurring annual revenues of between
US$5 million and US$25 million, positive EBITDA and/or significant
working capital, and strong management teams. IOGT 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.
Numis Securities Limited, which is authorised and regulated in
the United Kingdom by the Financial Conduct Authority, is acting
exclusively for the Company and for no one else in connection with
the Placing and will not be responsible to anyone other than the
Company for providing the protections afforded to clients of Numis
Securities Limited or for providing advice in relation to the
Placing or any matter referred to in this Announcement.
DEFINITIONS
"Admission" admission of the Placing Shares to the
Official List (by way of a standard listing
under Chapter 14 of the Listing Rules)
and to trading on the London Stock Exchange
becoming effective;
"Company" International Oil and Gas Technology Limited;
"Disclosure and Transparency the FCA's Disclosure Rules and Transparency
Rules" Rules;
"EGM" the extraordinary general meeting held
at 10 a.m. on 16 October 2013;
"FCA" the UK Financial Conduct Authority;
"FSMA" the UK Financial Services and Markets Act
2000 (as may be amended from time to time);
"Listing Rules" the listing rules of the UK Listing Authority;
"London Stock Exchange" the London Stock Exchange plc;
"Official List" the official list maintained by the UK
Listing Authority;
"Placing Shares" participating redeemable preference shares
of US$1 each in the share capital of the
Company to be issued by the Company at
the Placing Price pursuant to the Placing;
"Resolutions" the resolutions to be proposed at the EGM
in connection with the Placing, notice
of which is set out in this document;
"Shareholder" a holder of Shares;
"Shares" the participating redeemable preference
shares of US$1 each in the share capital
of the Company and includes the Placing
Shares;
"UK Listing Authority" the FCA, in its capacity as the competent
authority for the purpose of Part IX of
FSMA;
This information is provided by RNS
The company news service from the London Stock Exchange
END
REGMFBLTMBABMAJ
Intl Oil &Gas (LSE:OGT)
Historical Stock Chart
From May 2024 to Jun 2024
Intl Oil &Gas (LSE:OGT)
Historical Stock Chart
From Jun 2023 to Jun 2024