26 May 2020 11:11
RNS Reach
26 May 2020
Rotala Plc
("Rotala" or "the Company" or the "Group")
Sale of Long Leasehold Depot
Rotala is pleased to announce the completion of the sale of its long leasehold depot at Atherton, Greater Manchester to J Fisher & Sons Limited, a firm of haulage contractors, for a gross cash consideration of £600,000. The depot became surplus to requirements when the Bolton depot was acquired in August 2019. The net proceeds, after transaction costs, approximate to the net book value of the assets and will be used to reduce the net debt of the Company.
Rotala Plc | 0121 322 2222 |
John Gunn, ChairmanSimon Dunn, Chief ExecutiveKim Taylor, Group Finance Director | |
Nominated Adviser & Joint Broker: Cenkos Securities plc |
020 7397 8900 |
Stephen Keys/ Callum Davidson (Corporate Finance)Michael Johnson/Julian Morse (Corporate Broking) |