9 Jan 2015 07:00
9 January 2015
Rotala plc
("the Company")
Conversion of Securities
The convertible unsecured loan stock issued by the Company in 2008 carries with it the right to convert before 31 December 2014 into ordinary shares of the Company at a price of 45p for each £1 of loan stock. Following the exercise of that conversion right on the part of holders of £245,000 of loan stock, the Company has issued 544,444 ordinary shares of 25p each ("Ordinary Shares"). These shares have been issued out of the ordinary shares of the Company held in Treasury. No loan stock now remains in issue.
Application has been made for the Ordinary Shares to be admitted to AIM, with trading expected to commence on 13 January 2015 ("Admission"). Upon Admission, the shares will rank pari passu in all respects with the existing Ordinary Shares of the Company.
As a result of the above issue from Treasury, the total number of ordinary shares held in Treasury is 248,335 and the number of ordinary shares in issue is 38,926,668, which is the number which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interests in, the Company under the FCA's Disclosure and Transparency Rules.
For further information please contact:
Rotala Plc | |
John Gunn, Chairman | 020 7602 7500 |
Simon Dunn, Chief Executive | 07825 808 525 |
Kim Taylor, Group Finance Director | 07825 808 529 |
Numis Securities Limited | 020 7260 1000 |
David Poutney (Corporate Broker); Richard Thomas /Stuart Skinner (Nominated Adviser) |