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OTOC Limited Receives Initial Substantial Shareholder Notice

OTOC Limited (ASX: OTC) has received a notice of initial substantial shareholder from Mr CK Montgomerie & Mrs G Montgomerie, who hold a 5.05% interest in the company.

The Montgomerie family had become substantial shareholders on 19 December 2012 after acquiring 4 million shares for the sale of their interests in OTOC Group Pty Ltd.

This gave them a total of 9,745,000 shares in OTOC.

OTOC is a leading provider of resources and infrastructure services, and recently through its wholly-owned operations known as OTOC Australia and Whelans, the company has secured some large contracts.

Whelans had in July secured contracts totalling $4.3 million to carry out survey services and aerial acquisition works while in May, OTOC Australia was awarded a $28.7 million contract for the Nauru Processing Centre.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.