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Completion of Disposal

27 Sep 2023 14:37

RNS Number : 8778N
Rotala PLC
27 September 2023
 

 

 

27 September 2023

 

 

Rotala Plc

("Rotala", the "Company" or the "Group")

 

Completion of Disposal

 

Further to its announcement released on 3 July 2023 Rotala (AIM: ROL.L), an operator of bus routes in the UK for businesses, local authorities and the general public, announces that it has satisfied all outstanding conditions in respect of the Vehicle Purchase Agreement (further details below) and completed the disposal of certain assets comprising the Vehicles (being 134 of the buses used in connection with the Bolton Depot), the Tyres, the Associated Assets (being such spares, consumables and other assets associated with the Vehicles).

 

On 1 June 2023, the Company announced that it had conditionally exchanged the Vehicle Purchase Agreement in respect of the vehicle disposal outlined above, subject to receiving shareholder approval at a general meeting (which was obtained on 3 July 2023), and meeting customary warranty conditions, including those relating to the ownership and condition of the assets being sold.

 

Unless otherwise defined, capitalised terms used in this announcement have the same meanings as in the Circular dated 15 June 2023. 

 

 

Rotala Plc

0121 322 2222

John Gunn, ChairmanSimon Dunn, Chief ExecutiveKim Taylor, Group Finance Director

 

Shore Capital

 

020 7408 4090

Tom Griffiths / James Thomas / Lucy Bowden (Corporate Advisory)Henry Willcocks (Corporate Broking)

About the business

Rotala provides a range of transport solutions, ranging from local bus services under contract to local authorities, through to commercial bus routes. It has operations at Heathrow Airport, in the West Midlands and in the North West. Operating companies are Diamond Bus Ltd, Diamond Bus (North West) Ltd, Diamond Bus (East Midlands) Ltd, Hallmark Connections Ltd and Preston Bus Ltd.

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DISSEMFDWEDSEDU
Date   Source Headline
26th Sep 20238:21 amGNWForm 8.5 (EPT/RI) - Rotala Plc
25th Sep 20239:38 amGNWForm 8.5 (EPT/RI) - Rotala Plc
25th Sep 20238:30 amRNSForm 8 (OPD) Rotala PLC
22nd Sep 20237:53 amGNWForm 8.5 (EPT/RI) - Rotala Plc
21st Sep 20234:15 pmRNSForm 8.3 - Rotala PLC
21st Sep 20238:13 amGNWForm 8.5 (EPT/RI) - Rotala Plc
20th Sep 202310:10 amRNSForm 8.3 - [ROTALA PLC]
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28th Jul 20237:00 amRNSInterim Results
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7th Jul 202311:05 amRNSCompletion of Disposal
3rd Jul 202311:13 amRNSResult of General Meeting
30th Jun 20232:46 pmRNSHolding(s) in Company
28th Jun 202310:26 amRNSHolding(s) in Company
15th Jun 20237:00 amRNSPosting of Circular and Notice of General Meeting
1st Jun 20237:00 amRNSProposed Disposals
31st May 20233:31 pmRNSResult of AGM
18th May 20234:36 pmRNSHolding(s) in Company
12th May 20235:28 pmRNSPosting of Annual Report and Notice of AGM
9th May 20237:00 amRNSFinal Results
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1st Mar 202310:27 amRNSHolding(s) in Company
17th Feb 20237:00 amRNSResult of Tender Offer
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26th Jan 20237:00 amRNSTender Offer
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3rd Aug 20221:37 pmRNSAcquisition
28th Jul 20227:00 amRNSInterim Results
25th Jul 202211:29 amRNSCourt of Appeal Hearing re. GMCA
16th Jun 20229:34 amRNSSale of Property
19th May 20223:28 pmRNSResult of AGM
19th May 20227:00 amRNSAGM Statement & Trading Update
9th May 20227:00 amRNSLeave to Appeal Granted
29th Apr 20227:00 amRNSAcquisition
21st Apr 202211:34 amRNSAnnual Report & AGM
19th Apr 20227:00 amRNSTransaction in Own Shares
14th Apr 20227:00 amRNSTransaction in Own Shares and Total Voting Rights
7th Apr 20224:21 pmRNSHolding(s) in Company
7th Apr 20227:00 amRNSTransaction in Own Shares and Total Voting Rights
6th Apr 202211:23 amRNSDirector/PDMR Shareholding
6th Apr 20227:00 amRNSTransaction in Own Shares and Total Voting Rights
4th Apr 20227:00 amRNSTransaction in Own Shares and Total Voting Rights
1st Apr 202211:02 amRNSDirector/PDMR Shareholding
31st Mar 20227:00 amRNSTransaction in Own Shares and Total Voting Rights
24th Mar 20227:00 amRNSTransaction in Own Shares and Total Voting Rights
23rd Mar 20227:00 amRNSShare Buyback
22nd Mar 202211:23 amRNSDirector/PDMR Shareholding

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