ROL.L Share News (ROL)

IN BRIEF: Rotala takeover approved by majority of shareholders

Rotala PLC - Tividale, West Midlands-based bus operator - The High Court of Justice in England and Wales makes an order sanctioning the scheme in which Rotala Group Ltd will take over the company. Rotala Group Ltd is a private limited company formed specifically for the purpose of the acquisition, owned by Rotala Chief Executive Officer Simon Dunn, Managing Director for North West Robert Dunn and Executive Chair John Gunn, among others such as the spouses of Simon and Robert Dunn. The takeover is expected to become effective on Wednesday, with shares being suspended from trading on AIM also on Wednesday. In November, an agreement was reached, with Rotala Group Ltd offering 63.5 pence per Rotala share, valuing the entire company at around GBP23.5 million.

IN BRIEF: Rotala brings forward takeover scheme court hearing date

Rotala PLC - Tividale, West Midlands-based bus operator - Brings forward date of scheme court hearing for the agreed takeover by Rotala Group Ltd to January 15 from January 25. The date of the court and general meetings remains Thursday this week. Rotala Group Ltd is a private limited company formed specifically for the purpose of the acquisition, owned by Rotala Chief Executive Officer Simon Dunn, Managing Director for North West Robert Dunn and Executive Chair John Gunn, among others such as the spouses of Simon and Robert Dunn. In November, an agreement was reached, with Rotala Group Ltd offering 63.5 pence per Rotala share, valuing the entire company at around GBP23.5 million.

UK shareholder meetings calendar - next 7 days

Rotala backs takeover offer from CEO and chair-owned private vehicle

(Alliance News) - Rotala PLC on Monday said it backed a GBP23.5 million takeover offer by Rotala Group Ltd, which is a privately-owned vehicle owned by three Rotala PLC directors.

TRADING UPDATES: Zinc Media to pay GBP850,000 in earn-out on The Edge

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and Monday and not separately reported by Alliance News:

Rotala extends purchase offer decision date as discussions continue

(Alliance News) - Rotala PLC on Tuesday said that it has extended the deadline for some of its directors to firm an acquisition offer, following an indicative proposal in September.

Rotala shares jump on GBP19.4 million management-led bid proposal

(Alliance News) - Rotala PLC on Tuesday said a management-led team has proposed buying the company for around GBP19.4 million.

Rotala half-year profit climbs as touts expansion in Manchester

(Alliance News) - Rotala PLC on Friday reported higher profit as its business continued to recover from Covid.

Rotala offloads Bolton depot to Greater Manchester Combined Authority

(Sharecast News) - UK bus operator Rotala has successfully fulfilled all remaining requirements under the Bolton Depot Purchase Agreement, it announced on Friday.

Rotala disposes GBP30.4 million depot to Greater Manchester authority

(Alliance News) - Rotala PLC on Friday said it completed the disposal of its Bolton depot to the Greater Manchester Combined Authority for GBP30.4 million.

UK shareholder meetings calendar - next 7 days

Rotala proposes GBP30.4 million Bolton depot and related vehicles sale

(Alliance News) - Rotala PLC on Thursday proposed the sale of its Bolton depot and the majority of its related vehicles.

UK shareholder meetings calendar - next 7 days

TRADING UPDATES: Cohort hails subsidiary's deal; Treatt profit down

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Rotala profits improve as bus market recovers post-Covid

(Sharecast News) - Bus-focussed passenger transport operator Rotala reported total revenue of £84.9m in its final results for 2022 on Tuesday, down from £96.5m in the prior year, but up from £78.1m in 2020.