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21 Apr 2011 07:00
Rotala plc
("Rotala" or the "Company")
Holding in Company
Rotala has been notified that:
1. on 19 April 2011 Ludgate 181 (Jersey) Limited ("Ludgate 181") acquired 370,000 shares at an average price of 31.11 pence;
2. on 20 April 2011 Ludgate 181 acquired 25,000 shares at a price of 34.5 pence.
Additionally, the Company has taken the opportunity to repay to Ludgate 181 £150,000 nominal of the 8% Convertible Unsecured Loan Notes ("CULS") at par, thus saving the interest on this tranche.
Following these transactions, Ludgate 181 is interested in 1,730,221 ordinary shares representing 4.99% of the issued share capital of Rotala and £805,850 of the CULS, representing 20.0% of the outstanding CULS.
John Gunn, Chairman of Rotala, is a director of Ludgate 181 and is interested in 19.86 percent of the issued share capital of that company.
John Gunn's beneficial holding in the ordinary shares of the Company (being the shares owned by Mr. Gunn, his wife, Wengen Limited and the Wengen Pension Plan) is 5,498,044 ordinary shares, representing 15.84 per cent. of the issued share capital and voting rights of the Company.
John Gunn's total interest in the ordinary shares of the Company (being his beneficial interest set out above, added to that of Ludgate 181 (Jersey) Limited and certain family trusts of which he is a trustee) is 9,191,171 ordinary shares, representing 26.48 per cent. of the issued share capital and voting rights of the Company.
The Company has repaid at par £625,000 of the CULS since 1 December 2010 out of cash flow and £4,037,500 of the CULS remain in issue at 19 April 2011.
For further information please contact:
Rotala plc | |
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 |
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