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Placing

16 Feb 2011 10:18

RNS Number : 3302B
Rotala PLC
16 February 2011
 

16 February 2011

Rotala plc

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

 

 

Placing

 

Rotala plc (AIM: ROL) is pleased to announce that, further to its announcement of 25 January 2011, it has successfully placed 1,648,020 new ordinary shares (the "New Ordinary Shares") at 28 pence per share to raise ÂŁ461,446 for the Company (the "Placing").

 

John Gunn, the chairman of the Company, has subscribed for 300,020 New Ordinary Shares in the Placing. Following the Placing, he is interested in 5,618,044 ordinary shares representing 16.20% of the enlarged share capital of the Company.

 

The proceeds of the Placing will be used to repay the first tranche of the bridging loan (which is payable by 28 February 2011) taken out to fund the acquisition of Preston Bus Limited.

 

The New Ordinary Shares represent approximately 4.7% of the enlarged share capital of the Company of 34,708,388 ordinary shares.

 

Application will be made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM. It is expected that Admission will become effective and that trading in the 1,648,020 New Ordinary Shares will commence on AIM at 8.00 a.m. on 21 February 2011.

 

The New Ordinary Shares will, when issued and fully paid, rank equally in all respects with the existing ordinary shares, including the right to receive any dividend or other distribution declared, made or paid after the date of their unconditional allotment.

 

For further information please contact:

 

Rotala Plc

John Gunn, Chairman

020 7602 7500

Simon Dunn Chief Executive

07825 808 525

Kim Taylor, Group Finance Director

07825 808 529

Charles Stanley Securities - Nominated Advisor

020 7149 6000

Mark Taylor

Marc Milmo

Karri Vuori

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ROIMMGMZGVVGMZM
Date   Source Headline
3rd May 20067:02 amRNSAcquisition
10th Apr 20063:56 pmRNSHolding in Company
30th Mar 20063:03 pmRNSPlacing of new shares
8th Feb 20067:00 amRNSUpdate on Placing
27th Jan 20062:31 pmRNSDirectorate Change
18th Jan 20063:14 pmRNSIssue of Equity
10th Jan 20067:00 amRNSRestoration - Rotala PLC
10th Jan 20067:00 amRNSInterim Results
30th Dec 200510:30 amRNSStatement re Settlement
30th Dec 200510:30 amRNSSuspension - Rotala plc
25th Nov 20055:15 pmRNSUpdate
26th Sep 20057:01 amRNSUpdate
5th Sep 20054:22 pmRNSDirector Shareholding
2nd Sep 20055:00 pmRNSDirector Shareholding
2nd Sep 200512:01 pmRNSDirector Shareholding
1st Sep 20053:15 pmRNSDirector Shareholding
31st Aug 20055:31 pmRNSDirector Shareholding
26th Aug 200511:48 amRNSEGM Statement
9th Aug 200511:22 amRNSAcquisition & Re-Admission
9th Aug 200510:24 amRNSShedule 1 - Rotala PLC
11th Apr 20053:00 pmRNSStatement re: Suspension
11th Apr 20053:00 pmRNSSuspension - Rotala plc
30th Mar 20054:05 pmRNSGrant of Options
29th Mar 20058:00 amRNSFirst Day of Dealings on AIM

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