ROL.L Regulatory News (ROL)

5 Jul 2007 07:00

Rotala PLC05 July 2007 Rotala plc ("Rotala" or "the Company") Issue of Equity On 18 June 2007, the Company announced that holders of the 8% convertible loannotes issued in June and July 2006 had given the Company written notice thatthey wished to convert, in aggregate, £275,000 of loan note principal intoordinary shares of 1 penny each ("Ordinary Shares") at the rate of 1.6 pence ofprincipal for each Ordinary Share ("Conversion"). Following the Conversion, 17,187,500 Ordinary Shares have been issued; of these15,625,000 Ordinary Shares have been issued to John Gunn, his wife Mrs R S Gunnand the Gunn Trusts (of which John Gunn is a trustee). Following Conversion,John Gunn has a direct, and indirect, interest in 101,218,119 Ordinary Shares,representing 25.21 per cent. of the total voting rights of the Company. The new Ordinary Shares will rank pari passu with the Company's existingOrdinary Shares and trading is expected to commence on 10 July 2007. Following admission, 401,545,200 Ordinary Shares will be in issue. Enquiries: Contacts:John Gunn, Chairman 020 7236 6236Kim Taylor, CEO 07918 883796Romil Patel / Rhod Cruwys, Blue Oar Securities 020 7448 4400 This information is provided by RNS The company news service from the London Stock Exchange