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Re Contract

27 Aug 2010 07:05

RNS Number : 7263R
Rotala PLC
27 August 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 £0.8 million. This is in addition to the £1.9 million of new contracts announced on 8 April 2010.

Bristol and Bath area

The Company, through its wholly owned subsidiary Flights Hallmark Limited ("Flights"), has been re-awarded a contract by Bath & North East Somerset for the 20A/20C circular service in Bath. This contract, previously on a short term basis, has been extended to seven years to expire in August 2017. This new contract is expected to produce additional revenues (beyond those of the existing contract) of about £275,000 per annum for Rotala.

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.

·; Under its distinctive "Signature" brand the Company has been awarded a 3 year contract to operate the S4 service in Solihull. These buses are to the latest environmentally-friendly engine standards and are equipped with leather seats and free Wi-Fi connection. The service is designed, by an improvement in quality, to encourage greater bus usage in this area of Solihull. At the same time the aim is to provide more direct and faster services to Solihull train station and town centre;

·; Also using its "Signature" brand the Company has been awarded a contract to run a number 82 service between Coventry and Solihull for a period of 3 years. This service also uses the latest Euro 5 standard low-emission engines, married to vehicles with leather seating, CCTV and free Wi-Fi. The service is designed to encourage increasing bus usage along the Solihull to Coventry route which runs through many villages in the Meriden Gap;

·; Centro has also awarded the Company a contract to run evening services on the 26A route from the City Centre to the north eastern outskirts, as a continuation to the timetable provided by the existing operator. This contract is for a period of 1 year.

This series of contracts are expected to produce additional revenues of about £360,000 per annum for Rotala.

Worcester area

In the Worcester area, the Company, through its wholly-owned subsidiary The Diamond Bus Company Limited, has been re-awarded a series of contracts by Worcestershire County Council. These cover the services numbered 362,363 and 382 in the area between the city of Worcester and Pershore. These contracts are for a period of 5 years up to the end of May 2015. These new contracts are expected to produce additional revenues (beyond those of the existing contracts) of about £150,000 per annum for Rotala.

 John Gunn, Chairman of Rotala, commented "Our management continues to achieve admirable growth in additional contract wins as well as sustaining the business through the re-award of existing contracts for lengthy contract terms. These successes reflect well on our management skills and the quality of service which we provide to our customers."

 

For further information please contact:

 

Rotala plc

John Gunn, Chairman

020 7602 7500

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

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
CNTUNRNRRNAWUAR
Date   Source Headline
18th Jan 20247:00 amRNSCancellation - Rotala Plc
17th Jan 20242:40 pmRNSForm 8.3 - [ROTALA PLC]
17th Jan 20242:21 pmRNSScheme of Arrangement becomes Effective
17th Jan 20248:51 amGNWForm 8.5 (EPT/RI) - Rotala Plc
17th Jan 20247:30 amRNSSuspension - Rotala PLC
16th Jan 20242:40 pmRNSIssue of Equity, Director Shareholding & Rule 2.9
16th Jan 20247:57 amGNWForm 8.5 (EPT/RI) - Rotala Plc
15th Jan 202412:04 pmRNSCourt Sanction of Scheme of Arrangement
12th Jan 20245:45 pmRNSRotala
4th Jan 20241:41 pmRNSResults of the Court Meeting and General Meeting
4th Jan 20249:23 amGNWForm 8.5 (EPT/RI) - Rotala Plc
2nd Jan 20249:53 amRNSRevised Acquisition timetable
19th Dec 20237:56 amGNWForm 8.5 (EPT/RI) - Rotala Plc
18th Dec 20239:40 amGNWForm 8.5 (EPT/RI) - Rotala Plc
14th Dec 20234:55 pmRNSForm 8 (DD) - Rotala plc
14th Dec 20238:35 amGNWForm 8.5 (EPT/RI) - Rotala Plc
11th Dec 20237:00 amRNSPublication of Scheme Document
6th Dec 20239:37 amGNWForm 8.5 (EPT/RI) - Rotala Plc
5th Dec 20239:32 amGNWForm 8.5 (EPT/RI) - Rotala Plc
4th Dec 20238:53 amGNWForm 8.5 (EPT/RI) - Rotala Plc
30th Nov 20238:10 amGNWForm 8.5 (EPT/RI) - Rotala Plc
28th Nov 20238:42 amGNWForm 8.5 (EPT/RI) - Rotala Plc
24th Nov 20238:54 amGNWForm 8.5 (EPT/RI) - Rotala Plc
23rd Nov 20239:23 amGNWForm 8.5 (EPT/RI) - Rotala Plc
22nd Nov 20239:13 amGNWForm 8.5 (EPT/RI) - Rotala
21st Nov 20237:42 amGNWForm 8.5 (EPT/RI) - Rotala Plc
20th Nov 202312:43 pmRNSRecommended Acquisition
20th Nov 20237:56 amGNWForm 8.5 (EPT/RI) - Rotala Plc
16th Nov 20238:44 amGNWForm 8.5 (EPT/RI) - Rotala Plc
15th Nov 20238:36 amGNWForm 8.5 (EPT/RI) - Rotala Plc
14th Nov 20237:00 amRNSExtension of PUSU deadline
13th Nov 20237:44 amGNWForm 8.5 (EPT/RI) - Rotala Plc
9th Nov 20239:08 amGNWForm 8.5 (EPT/RI) - Rotala Plc
6th Nov 202310:52 amGNWForm 8.5 (EPT/RI) - Rotala Plc
3rd Nov 20238:00 amGNWForm 8.5 (EPT/RI) - Rotala Plc
1st Nov 20238:06 amGNWForm 8.5 (EPT/RI) - Rotala Plc
30th Oct 20234:38 pmRNSForm 8.3 - Rotala PLC
30th Oct 20234:20 pmRNSForm 8.3 - Rotala PLC
19th Oct 20238:09 amGNWForm 8.5 (EPT/RI) - Rotala Plc
18th Oct 202312:26 pmRNSForm 8 (OPD) (Rotala Group Limited) - Amended
18th Oct 20239:13 amGNWForm 8.5 (EPT/RI) - Rotala Plc
17th Oct 20237:00 amRNSExtension of PUSU deadline
16th Oct 20238:35 amGNWForm 8.5 (EPT/RI) - Rotala Plc
11th Oct 20237:58 amGNWForm 8.5 (EPT/RI) - Rotala Plc
3rd Oct 20234:31 pmRNSForm 8.3 - Rotala plc
2nd Oct 20233:48 pmRNSForm 8.3 - Rotala plc
2nd Oct 20233:47 pmRNSForm 8.3 - Rotala plc
2nd Oct 20237:00 amRNSForm 8.3 - [Rotala PLC]
28th Sep 20237:00 amRNSForm 8 (OPD) Offeror - Rotala PLC
27th Sep 20232:37 pmRNSCompletion of Disposal

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