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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
25th Jan 20117:31 amRNSAcquisition
7th Jan 20113:26 pmRNSHolding(s) in Company
7th Jan 20113:24 pmRNSOutstanding Warrants
13th Dec 20102:29 pmRNSTrading Statement
31st Aug 20104:21 pmRNSHolding(s) in Company
27th Aug 20107:05 amRNSRe Contract
27th Aug 20107:00 amRNSHalf Yearly Report
30th Jun 20103:31 pmRNSDirectorate Change
29th Jun 20105:00 pmRNSDirector/PDMR Shareholding
17th Jun 201011:07 amRNSHolding(s) in Company
17th Jun 201011:05 amRNSHolding(s) in Company
27th May 201012:56 pmRNSDirector/PDMR Shareholding
26th May 20105:58 pmRNSResult of AGM
30th Apr 20103:27 pmRNSTotal Voting Rights
19th Apr 201012:30 pmRNSExercise of Warrants
8th Apr 20107:01 amRNSNew Contracts
8th Apr 20107:00 amRNSFinal Results
1st Apr 201011:18 amRNSTotal Voting Rights
18th Mar 201010:30 amRNSNotice of Results and Interim Dividend
2nd Mar 20105:00 pmRNSExercise of Warrants
24th Feb 20103:37 pmRNSPress Release re Competition Commission
22nd Dec 20095:37 pmRNSSummary of Bus Industry Awards 2009
15th Dec 20093:35 pmRNSExercise of Warrants
7th Dec 20097:00 amRNSTrading Update
11th Nov 20092:07 pmRNSHolding(s) in Company
10th Nov 20099:31 amRNSTotal Voting Rights
9th Nov 20093:20 pmRNSResult of Meeting
21st Oct 20097:00 amRNSProposed Placing
25th Aug 20097:00 amRNSInterim Results
31st Jul 200911:06 amRNSTotal Voting Rights
24th Jun 200911:27 amRNSResult of AGM
28th May 20097:05 amRNSPlacing and Repurchase of Loan Notes
28th May 20097:00 amRNSFinal Results
20th Apr 20097:00 amRNSNew Contracts
26th Jan 20093:42 pmRNSChange of Registered Office
20th Jan 200911:35 amRNSNotification under AIM Rule 17
14th Jan 200912:14 pmRNSIssue of Equity
19th Dec 200810:40 amRNSResult of EGM
10th Dec 20083:06 pmRNSDirector/PDMR Shareholding
27th Nov 20087:00 amRNSIssue of Equity
27th Oct 20083:25 pmRNSDirector/PDMR Shareholding
3rd Oct 200811:07 amRNSDirectorate Change
5th Sep 20081:12 pmRNSGrant of Options
4th Sep 20089:00 amRNSChange of Adviser
2nd Sep 20087:00 amRNSNew Contracts
28th Aug 20087:00 amRNSInterim Results
22nd Aug 200811:36 amRNSResult of AGM
30th Jul 20082:55 pmRNSNotice of AGM
2nd Jun 20084:59 pmRNSDirector/PDMR Shareholding -
2nd Jun 20084:48 pmRNSDirector/PDMR Shareholding

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