ROL.L Regulatory News (ROL)

20 Jan 2009 11:35



Rotala plc

("Rotala" or the "Company")

Notification under AIM Rule 17

Rotala announces that on 15 January 2009 (following the relevant Directors becoming aware that the granting of security over shares in which a Director is interested is disclosable under AIM Rule 17) it was notified by:

John Gunn, Non-executive Chairman:

The Wengen Pension Plan (of which John Gunn is a beneficiary and trustee) is the current holder of 2,153,724 Ordinary Shares in the Company, £80,000 nominal value 8 percent. per annum Loan Notes and 56,833 warrants. The Wengen Pension Plan has an overdraft facility with Kaupthing, Singer and Friedlander plc and has provided security for this overdraft in the form of the assets of the Plan. This arrangement pre-dates the IPO of Rotala.

For the purpose of the AIM Rules, John Gunn's family holding, (including the holdings of Renate Gunn (John Gunn's wife) and the Wengen Pension Plan (of which John Gunn is a beneficiary and trustee)), is 4,917,858 Ordinary Shares, representing 19.0 per cent. of the total voting rights of the Company

Geoffrey Flight, Non-executive Director:

Geoffrey Flight was in April 2006 granted a personal loan by Barclays Bank plc in connection with a property in France. On 30 September 2008 Geoffrey Flight provided security for this loan to Barclays Bank plc in the form of 340,333 Ordinary Shares in the Company held in his own name. It is anticipated that the loan will be repaid by the end of March 2009 and the security released.

For the purpose of the AIM Rules, Geoffrey Flight's family holding (including the Flight Pension Trust (of which Geoffrey Flight is a trustee and beneficiary)), is 1,302,833 Ordinary Shares, representing 5.0 per cent. of the total voting rights of the Company.

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