ROL.L Regulatory News (ROL)

3 May 2006 15:42

Rotala PLC03 May 2006 Rotala PLCPress Release 3rd May 2006 Rotala plc ("Rotala" or "the Company") Acquisition of Birmingham freehold site - Fairness Opinion The Company announced on 3 May that it had completed the acquisition of thefreehold of Rotala's 4.5 acre Birmingham property from The Flights PensionTrust, of which Geoffrey Flight and his family are the beneficiaries, subject tothe announcement of a statement in accordance with Rule 13 of the AIM Rulesregarding transactions with related parties. The freehold has been acquired at a price of GBP2 million, of which GBP500,000has been paid in cash from Rotala's own resources and the balance provided by taking out a commercial mortgage on the property. The Company's NOMAD has today confirmed that, following due and careful inquiry,they consider the terms of the transaction to be fair and reasonable insofar asthe shareholders of the Company are concerned. -Ends- For further information, please contact: Nick Fox, M: Communications, 0207 153 1540 / 07711 727 618 This information is provided by RNS The company news service from the London Stock Exchange