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.
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