ROL.L Regulatory News (ROL)

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.

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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.