19 Feb 2021 08:00
RNS Reach
19 February 2021
Rotala Plc
("Rotala", the "Company" or the "Group")
Fire at Heathrow Depot
Rotala plc (AIM:ROL), an operator of bus routes in the UK for businesses, local authorities and the general public, announces that earlier this week the Company's Heathrow depot at Stanwell, Middlesex suffered a fire in its administrative offices. No staff were injured and the fire is not thought to have been malicious.
The fire did not affect the vehicle maintenance areas or damage any of the Company's vehicles. As a result, normal bus operations are unaffected. Repair to the building and rectification of the considerable smoke and water damage is estimated at this stage to cost approximately £250,000, which is expected to be fully recoverable from insurance with more than one insurer. There are therefore not expected to be any long-term financial consequences for the Company.
Rotala Plc | 0121 322 2222 |
John Gunn, ChairmanSimon Dunn, Chief ExecutiveKim Taylor, Group Finance Director |
|
Shore Capital |
020 7408 4090 |
Tom Griffiths / James Thomas / Michael McGloin (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. Rotala 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, Hallmark Connections Ltd and Preston Bus Ltd.