Less Ads, More Data, More Tools Register for FREE

Pin to quick picksROL.L Regulatory News (ROL)

  • There is currently no data for ROL

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
26th Sep 20238:21 amGNWForm 8.5 (EPT/RI) - Rotala Plc
25th Sep 20239:38 amGNWForm 8.5 (EPT/RI) - Rotala Plc
25th Sep 20238:30 amRNSForm 8 (OPD) Rotala PLC
22nd Sep 20237:53 amGNWForm 8.5 (EPT/RI) - Rotala Plc
21st Sep 20234:15 pmRNSForm 8.3 - Rotala PLC
21st Sep 20238:13 amGNWForm 8.5 (EPT/RI) - Rotala Plc
20th Sep 202310:10 amRNSForm 8.3 - [ROTALA PLC]
20th Sep 20239:05 amGNWForm 8.5 (EPT/RI) - Rotala Plc
19th Sep 20231:36 pmRNSAnnouncement regarding possible offer
3rd Aug 20236:07 pmRNSRe the 181 Fund Limited
28th Jul 20237:00 amRNSInterim Results
19th Jul 20237:00 amRNSThe 181 Fund Limited
7th Jul 202311:05 amRNSCompletion of Disposal
3rd Jul 202311:13 amRNSResult of General Meeting
30th Jun 20232:46 pmRNSHolding(s) in Company
28th Jun 202310:26 amRNSHolding(s) in Company
15th Jun 20237:00 amRNSPosting of Circular and Notice of General Meeting
1st Jun 20237:00 amRNSProposed Disposals
31st May 20233:31 pmRNSResult of AGM
18th May 20234:36 pmRNSHolding(s) in Company
12th May 20235:28 pmRNSPosting of Annual Report and Notice of AGM
9th May 20237:00 amRNSFinal Results
31st Mar 202312:29 pmRNSAcquisition of a depot in Eccles
6th Mar 20235:24 pmRNSHolding(s) in Company
1st Mar 202310:27 amRNSHolding(s) in Company
17th Feb 20237:00 amRNSResult of Tender Offer
16th Feb 202311:40 amRNSResult of General Meeting
26th Jan 20237:00 amRNSTender Offer
23rd Dec 202212:30 pmRNSBusiness Developments, Trading Update & Prospects
3rd Aug 20221:37 pmRNSAcquisition
28th Jul 20227:00 amRNSInterim Results
25th Jul 202211:29 amRNSCourt of Appeal Hearing re. GMCA
16th Jun 20229:34 amRNSSale of Property
19th May 20223:28 pmRNSResult of AGM
19th May 20227:00 amRNSAGM Statement & Trading Update
9th May 20227:00 amRNSLeave to Appeal Granted
29th Apr 20227:00 amRNSAcquisition
21st Apr 202211:34 amRNSAnnual Report & AGM
19th Apr 20227:00 amRNSTransaction in Own Shares
14th Apr 20227:00 amRNSTransaction in Own Shares and Total Voting Rights
7th Apr 20224:21 pmRNSHolding(s) in Company
7th Apr 20227:00 amRNSTransaction in Own Shares and Total Voting Rights
6th Apr 202211:23 amRNSDirector/PDMR Shareholding
6th Apr 20227:00 amRNSTransaction in Own Shares and Total Voting Rights
4th Apr 20227:00 amRNSTransaction in Own Shares and Total Voting Rights
1st Apr 202211:02 amRNSDirector/PDMR Shareholding
31st Mar 20227:00 amRNSTransaction in Own Shares and Total Voting Rights
24th Mar 20227:00 amRNSTransaction in Own Shares and Total Voting Rights
23rd Mar 20227:00 amRNSShare Buyback
22nd Mar 202211:23 amRNSDirector/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.