Conversion of Securities

RNS Number : 3108U

Rotala PLC

14 October 2014

 



14 October 2014

Rotala plc

("the Company")

Issue of Ordinary Shares

The convertible unsecured loan stock issued by the Company in 2008 carries with it the right to convert before 31 December 2014 into ordinary shares of the Company at a price of 45p for each £1 of loan stock.  Following the exercise of that conversion right on the part of a holder of £25,000 of loan stock, the Company has issued 55,556 ordinary shares of 25p each ("Ordinary Shares").

Application has been made for the Ordinary Shares to be admitted to AIM, with trading expected to commence on 16 October 2014 ("Admission"). Upon Admission, the shares will rank pari passu in all respects with the existing Ordinary Shares of the Company.

After Admission of these new shares, the Company will have 35,550,889 Ordinary Shares in issue.

For further information please contact:

Rotala Plc
John Gunn, Chairman	020 7602 7500
Simon Dunn, Chief Executive	07825 808 525
Kim Taylor, Group Finance Director	07825 808 529
Numis Securities Limited	020 7260 1000
David Poutney (Corporate Broker); Richard Thomas /Stuart Skinner (Nominated Adviser)

 

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