Less Ads, More Data, More Tools Register for FREE

Pin to quick picksROL.L Regulatory News (ROL)

  • There is currently no data for ROL

New Contracts

8 Apr 2010 07:01

RNS Number : 8601J
Rotala PLC
08 April 2010
 



 

8 April 2010

Rotala plc

("Rotala" or the "Company" or the "Group")

 

 New Contracts and Other Service Enhancements

The Board is pleased to announce that the Group has recently been awarded a number of new contracts and additions to existing contracts by various customers. The effect of these new contracts, in aggregate, is expected to be an increase in the annual revenues of Rotala of approximately £1.9 million.

Bristol and Bath areas

The Company, through its wholly owned subsidiary Flights Hallmark Limited ("Flights"), has been awarded a number of contracts:

Ÿ Bath & North East Somerset Council has awarded Flights three year contracts to operate routes 178 and 778 on the Bristol to Bath corridor commencing in March 2010 and expiring in April 2013. These contracts are expected to produce additional annual revenues of £120,000 for Rotala;

Ÿ North Somerset Council has awarded Flights four and five year contracts, to operate services 121, 354 and 660 on the western side of Bristol as far as Weston-super-Mare, commencing in April 2010 and expiring in April 2014 and 2015. The revenues to be derived from these services are expected to be circa £440,000 per annum; and

Ÿ South Gloucestershire County Council has awarded Flights a series of contracts of approximately three and a half years' duration to operate services 85 to 88 from April 2010 to August 2013. These services run on the east and north east sides of Bristol as far as Chipping Sodbury. The revenues to be derived from these services are expected to be circa £400,000 per annum.

Birmingham area

In Birmingham, through its wholly owned subsidiary Central Connect Limited, Rotala has been awarded a number of new contracts by Centro, the government organisation responsible for transport policy and planning in the West Midlands region. These contracts are largely of three and four years' duration. The principal of these is to operate the s2 and s3 services between Solihull and Coventry. In aggregate, these contracts, net of outgoing contracts in Centro's April 2010 tender round, are expected to result in additional revenues for a full year of circa £370,000.

Gatwick/Heathrow area

In this area Rotala, through its wholly owned subsidiary Flights Hallmark Limited, has been awarded two year contracts to provide staff transportation and hotel bus services to new customers which are expected to generate annual revenues of approximately £230,000.

Finally in a variety of locations various current customers, including National Grid - Transco, have renewed contracts for up to two years, or extended existing arrangements. These service enhancements are estimated to generate net new revenues, on an annual basis, of approximately £340,000.

John Gunn, Chairman of Rotala, commented "Our management is to be congratulated once again on achieving these further contract successes. These awards are a testament to our management strengths and to the consistently high quality and reliability of the services provided to our customers."

 

For further information please contact:

 

Rotala plc

John Gunn, Chairman

020 7621 5774

Simon Dunn, Chief Executive

0121-322-2222

07825-808525

Kim Taylor, Group Finance Director

0121-322-2222

07825-808529

Charles Stanley Securities - Nominated Adviser and Broker

020 7149 6000

Mark Taylor / Ben Johnston

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
CNTSSDFMWFSSELL
Date   Source Headline
25th Jan 20117:31 amRNSAcquisition
7th Jan 20113:26 pmRNSHolding(s) in Company
7th Jan 20113:24 pmRNSOutstanding Warrants
13th Dec 20102:29 pmRNSTrading Statement
31st Aug 20104:21 pmRNSHolding(s) in Company
27th Aug 20107:05 amRNSRe Contract
27th Aug 20107:00 amRNSHalf Yearly Report
30th Jun 20103:31 pmRNSDirectorate Change
29th Jun 20105:00 pmRNSDirector/PDMR Shareholding
17th Jun 201011:07 amRNSHolding(s) in Company
17th Jun 201011:05 amRNSHolding(s) in Company
27th May 201012:56 pmRNSDirector/PDMR Shareholding
26th May 20105:58 pmRNSResult of AGM
30th Apr 20103:27 pmRNSTotal Voting Rights
19th Apr 201012:30 pmRNSExercise of Warrants
8th Apr 20107:01 amRNSNew Contracts
8th Apr 20107:00 amRNSFinal Results
1st Apr 201011:18 amRNSTotal Voting Rights
18th Mar 201010:30 amRNSNotice of Results and Interim Dividend
2nd Mar 20105:00 pmRNSExercise of Warrants
24th Feb 20103:37 pmRNSPress Release re Competition Commission
22nd Dec 20095:37 pmRNSSummary of Bus Industry Awards 2009
15th Dec 20093:35 pmRNSExercise of Warrants
7th Dec 20097:00 amRNSTrading Update
11th Nov 20092:07 pmRNSHolding(s) in Company
10th Nov 20099:31 amRNSTotal Voting Rights
9th Nov 20093:20 pmRNSResult of Meeting
21st Oct 20097:00 amRNSProposed Placing
25th Aug 20097:00 amRNSInterim Results
31st Jul 200911:06 amRNSTotal Voting Rights
24th Jun 200911:27 amRNSResult of AGM
28th May 20097:05 amRNSPlacing and Repurchase of Loan Notes
28th May 20097:00 amRNSFinal Results
20th Apr 20097:00 amRNSNew Contracts
26th Jan 20093:42 pmRNSChange of Registered Office
20th Jan 200911:35 amRNSNotification under AIM Rule 17
14th Jan 200912:14 pmRNSIssue of Equity
19th Dec 200810:40 amRNSResult of EGM
10th Dec 20083:06 pmRNSDirector/PDMR Shareholding
27th Nov 20087:00 amRNSIssue of Equity
27th Oct 20083:25 pmRNSDirector/PDMR Shareholding
3rd Oct 200811:07 amRNSDirectorate Change
5th Sep 20081:12 pmRNSGrant of Options
4th Sep 20089:00 amRNSChange of Adviser
2nd Sep 20087:00 amRNSNew Contracts
28th Aug 20087:00 amRNSInterim Results
22nd Aug 200811:36 amRNSResult of AGM
30th Jul 20082:55 pmRNSNotice of AGM
2nd Jun 20084:59 pmRNSDirector/PDMR Shareholding -
2nd Jun 20084:48 pmRNSDirector/PDMR Shareholding

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.