29 Jun 2010 17:00
Rotala plc
("Rotala" or the "Company")
Director's Dealings
Rotala was notified today that on 29 June 2010, Simon Dunn (Chief Executive of the Company) has acquired at par £100,000 of the 2011 convertible loan stock.
The £4.66 million of outstanding convertible loan stock was issued by the Company on 3 March 2008 and carries an interest coupon of 8 per cent. per annum. The convertible loan stock is redeemable at par on 31 December 2011 or is convertible into 25p ordinary shares in the Company at 67.5 pence per ordinary share.
Following the acquisition, the Dunn Family, which includes the shareholdings of Simon Dunn and Robert Dunn (Non-executive Director of the Company), has an interest in 1,136,570 ordinary shares (representing 3.44 per cent. of the issued share capital of the Company) and £260,000 of the convertible loan stock.
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 |
|
|
|
| Charles Stanley Securities | 020 7149 6000 |
| Nominated Adviser and Broker |
|
| Mark Taylor / Ben Johnston |
|