18 Oct 2019 09:37
RNS
18 October 2019
Rotala Plc
("Rotala" or the "Company" or "the Group")
Subscription of Shares
Further to its announcement dated 1 August 2019 regarding the Placing and conditional Subscription to raise £1.1 million (the "Announcement"), the Company announces the allotment and issue of 178,500 new ordinary shares in Rotala (the "Subscription Shares") to John Gunn, Non-Executive Chairman, at the subscription price of 56p per share.
Application has been made for the Subscription Shares to be admitted to trading on AIM on 21 October 2019 ("Admission"). Following Admission, the total number of ordinary shares in issue will be 50,924,918, of which 833,809 are held in treasury and the remaining ordinary shares in issue carrying voting rights is 50,091,109. This number (50,091,109) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interests in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Unless otherwise defined, capitalised terms within this announcement shall have the same meaning as those defined within the Announcement.
For further information please contact:
Rotala Plc | 0121 322 2222 |
John Gunn, ChairmanSimon Dunn, Chief ExecutiveKim Taylor, Group Finance Director |
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Nominated Adviser & Joint Broker: Cenkos Securities plc |
020 7397 8900 |
Stephen Keys/Callum Davidson (Corporate Finance)Michael Johnson/Julian Morse (Corporate Broking) |
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Joint Broker: Dowgate Capital Stockbrokers Ltd | 0203 903 7715 |
David Poutney/James Serjeant (Corporate Broking) |
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About the business
Rotala provides a range of transport solutions, ranging from local bus services under contract to local authorities, through to commercial bus routes. Rotala has operations at Heathrow airport, in the West Midlands and the North West.