Conversion of Securities

RNS Number : 7974S
Rotala PLC
29 September 2014
 



29 September 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 £40,000 of loan stock, the Company has issued 88,889 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 30 September 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 35,439,777 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)


 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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