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Acquisition

4 Aug 2016 13:15

RNS Number : 2966G
Rotala PLC
04 August 2016
 

4 August 2016

 

 

Rotala plc

("Rotala" or "the Company")

 

Acquisition in Lancashire

 

Rotala is pleased to announce the acquisition, from Rojay Services Limited, trading as Wigan Coachways, ("Wigan Coachways"), of its entire business, brand and 8-strong vehicle fleet for a cash consideration of £213,000. The Company estimates that the Wigan Coachways business has annual revenues of approximately £500,000 and that its vehicle fleet has a fair value of approximately £58,000. Rotala will not assume any other assets or liabilities of any materiality on acquisition. On this basis the Acquisition is expected to generate about £150,000 of positive goodwill on consolidation.

 

The acquisition is the second to be completed by the Company in the Lancashire area within the past month, following the acquisition of the fleet and business from Elite Minibus and Coach Services Limited ("Elite"), as announced on 12 July 2016. Like Elite, Wigan Coachways is a well-established operator of contracted services for local authorities and engages in some private hire operations. The Company will integrate the business of Wigan Coachways and its staff, into Rotala's existing depot in Atherton, Greater Manchester. This acquisition will broaden the range of services which Rotala is able to offer in this area of Lancashire and add to its geographical reach.

 

For further information please contact:

 

Rotala Plc

0121 322 2222

John Gunn, Chairman

Simon Dunn, Chief Executive Officer

Kim Taylor, Group Finance Director

Nominated Adviser & Broker:

Cenkos Securities plc

 

020 7397 8900

Stephen Keys/Callum Davidson (Corporate Finance)

Michael Johnson/Julian Morse (Corporate Broking)

 

 

This announcement contains inside sensitive information.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ACQUSAURNSAWRAR
Date   Source Headline
18th Jan 20247:00 amRNSCancellation - Rotala Plc
17th Jan 20242:40 pmRNSForm 8.3 - [ROTALA PLC]
17th Jan 20242:21 pmRNSScheme of Arrangement becomes Effective
17th Jan 20248:51 amGNWForm 8.5 (EPT/RI) - Rotala Plc
17th Jan 20247:30 amRNSSuspension - Rotala PLC
16th Jan 20242:40 pmRNSIssue of Equity, Director Shareholding & Rule 2.9
16th Jan 20247:57 amGNWForm 8.5 (EPT/RI) - Rotala Plc
15th Jan 202412:04 pmRNSCourt Sanction of Scheme of Arrangement
12th Jan 20245:45 pmRNSRotala
4th Jan 20241:41 pmRNSResults of the Court Meeting and General Meeting
4th Jan 20249:23 amGNWForm 8.5 (EPT/RI) - Rotala Plc
2nd Jan 20249:53 amRNSRevised Acquisition timetable
19th Dec 20237:56 amGNWForm 8.5 (EPT/RI) - Rotala Plc
18th Dec 20239:40 amGNWForm 8.5 (EPT/RI) - Rotala Plc
14th Dec 20234:55 pmRNSForm 8 (DD) - Rotala plc
14th Dec 20238:35 amGNWForm 8.5 (EPT/RI) - Rotala Plc
11th Dec 20237:00 amRNSPublication of Scheme Document
6th Dec 20239:37 amGNWForm 8.5 (EPT/RI) - Rotala Plc
5th Dec 20239:32 amGNWForm 8.5 (EPT/RI) - Rotala Plc
4th Dec 20238:53 amGNWForm 8.5 (EPT/RI) - Rotala Plc
30th Nov 20238:10 amGNWForm 8.5 (EPT/RI) - Rotala Plc
28th Nov 20238:42 amGNWForm 8.5 (EPT/RI) - Rotala Plc
24th Nov 20238:54 amGNWForm 8.5 (EPT/RI) - Rotala Plc
23rd Nov 20239:23 amGNWForm 8.5 (EPT/RI) - Rotala Plc
22nd Nov 20239:13 amGNWForm 8.5 (EPT/RI) - Rotala
21st Nov 20237:42 amGNWForm 8.5 (EPT/RI) - Rotala Plc
20th Nov 202312:43 pmRNSRecommended Acquisition
20th Nov 20237:56 amGNWForm 8.5 (EPT/RI) - Rotala Plc
16th Nov 20238:44 amGNWForm 8.5 (EPT/RI) - Rotala Plc
15th Nov 20238:36 amGNWForm 8.5 (EPT/RI) - Rotala Plc
14th Nov 20237:00 amRNSExtension of PUSU deadline
13th Nov 20237:44 amGNWForm 8.5 (EPT/RI) - Rotala Plc
9th Nov 20239:08 amGNWForm 8.5 (EPT/RI) - Rotala Plc
6th Nov 202310:52 amGNWForm 8.5 (EPT/RI) - Rotala Plc
3rd Nov 20238:00 amGNWForm 8.5 (EPT/RI) - Rotala Plc
1st Nov 20238:06 amGNWForm 8.5 (EPT/RI) - Rotala Plc
30th Oct 20234:38 pmRNSForm 8.3 - Rotala PLC
30th Oct 20234:20 pmRNSForm 8.3 - Rotala PLC
19th Oct 20238:09 amGNWForm 8.5 (EPT/RI) - Rotala Plc
18th Oct 202312:26 pmRNSForm 8 (OPD) (Rotala Group Limited) - Amended
18th Oct 20239:13 amGNWForm 8.5 (EPT/RI) - Rotala Plc
17th Oct 20237:00 amRNSExtension of PUSU deadline
16th Oct 20238:35 amGNWForm 8.5 (EPT/RI) - Rotala Plc
11th Oct 20237:58 amGNWForm 8.5 (EPT/RI) - Rotala Plc
3rd Oct 20234:31 pmRNSForm 8.3 - Rotala plc
2nd Oct 20233:48 pmRNSForm 8.3 - Rotala plc
2nd Oct 20233:47 pmRNSForm 8.3 - Rotala plc
2nd Oct 20237:00 amRNSForm 8.3 - [Rotala PLC]
28th Sep 20237:00 amRNSForm 8 (OPD) Offeror - Rotala PLC
27th Sep 20232:37 pmRNSCompletion of Disposal

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