17 Dec 2012 07:00

17 December 2012
Rotala plc
("Rotala" or "the Company")
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Banking Facilities and Substantial Transaction
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Rotala plc is pleased to announce that it has entered into a revised suite of banking facilities with its principal bankers. The new facilities, totalling ÂŁ11m, replace the Company's existing facilities with that bank of approximately ÂŁ5.2 million. These enhanced facilities will support Rotala's aim of continuing to grow both organically and by acquisition.
 Approximately £1.8 million of the facility will immediately be used to finance the acquisition of the freehold interest in a depot presently leased by the group in the Bristol area. This depot, at St. Andrews Road, Avonmouth, BS11 9HS, is being acquired from Silverton Investments Limited for a consideration of £1.8 million.
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For further information please contact:
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Rotala Plc | |
John Gunn, Chairman | 020 7602 7500 |
Simon Dunn, Chief Executive | 07825 808 525 |
Kim Taylor, Group Finance Director | 07825 808 529 |
Numis Securities Limited | 020 7260 1000 |
David Poutney (Corporate Broker); Stuart Skinner/Richard Thomas (Nominated Adviser) |
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