The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksROL.L Regulatory News (ROL)

  • There is currently no data for ROL

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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
30th May 20084:14 pmRNSAnnual Report and Accounts
30th May 20087:00 amRNSFinal Results
28th Apr 20083:21 pmRNSTotal Voting Rights
9th Apr 20087:00 amRNSAcquisitions Update
26th Mar 20081:46 pmRNSFurther Placing Update
26th Mar 20081:39 pmRNSTotal Voting Rights
5th Mar 20087:00 amRNSPlacing Update
3rd Mar 20088:00 amRNSDisposal of Go West Midlands
3rd Mar 20088:00 amRNSAcquisition and Placing
14th Feb 200811:08 amRNSResult of General Meeting
23rd Jan 200811:39 amRNSNotice of General Meeting
16th Jan 200810:24 amRNSLoan Agreement
21st Dec 20073:51 pmRNSPlacing and Trading Update
10th Dec 20077:00 amRNSTrading Statement
12th Nov 20078:58 amRNSDirector/PDMR Shareholding
22nd Oct 20074:39 pmRNSTotal Voting Rights
8th Oct 200712:18 pmRNSPlacing
26th Sep 20077:03 amRNSChange of registered office
26th Sep 20077:01 amRNSIssue of Equity
6th Sep 20077:01 amRNSDirector/PDMR Shareholding
30th Aug 20077:00 amRNSInterim Results
17th Aug 20075:03 pmRNSWebsite Information
30th Jul 20071:57 pmRNSTotal Voting Rights
30th Jul 20071:40 pmRNSTotal Assets Value
30th Jul 20078:50 amRNSHolding(s) in Company
30th Jul 20077:01 amRNSTrading/Acquisition Update
17th Jul 200711:08 amRNSResult of EGM & AGM
5th Jul 20077:00 amRNSIssue of Equity
22nd Jun 20071:33 pmRNSPosting of Circular
21st Jun 20071:49 pmRNSIssue of Equity
21st Jun 20077:52 amRNSAcquisition
18th Jun 20077:01 amRNSPlacing and Acquisitions
25th Apr 200711:28 amRNSIssue of Equity
2nd Apr 20077:03 amRNSFinal Results
27th Feb 20073:20 pmRNSRe Contract
27th Dec 20067:01 amRNSAcquisition
18th Dec 200611:06 amRNSVoting rights and capital
15th Dec 20063:10 pmRNSIssue of Equity
27th Oct 200610:38 amRNSResult of EGM
5th Oct 200610:38 amRNSDirector/PDMR Shareholding
4th Oct 20067:00 amRNSIssue of Equity
18th Sep 200610:52 amRNSDirectorate Change
30th Aug 20067:02 amRNSInterim Results
14th Jun 20061:03 pmRNSConvertible loan and warrants
13th Jun 20067:58 amRNSIssue of Equity
5th Jun 200610:37 amRNSChange of Adviser
2nd Jun 20063:27 pmRNSPosting of Accounts
31st May 20068:41 amRNSPosting of accounts
31st May 20067:02 amRNSPreliminary Results
3rd May 20063:42 pmRNSAcquisition

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.