Conversion of Securities

RNS Number : 3675Z
Rotala PLC
11 December 2014
 



11 December 2014

 

Rotala plc

("the Company")

 

 

Conversion of Securities

 

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 holders of £190,000 of loan stock, the Company has issued 422,221 ordinary shares of 25p each ("Ordinary Shares"). These shares have been issued out of the ordinary shares of the Company held in Treasury.  A total of £405,000 of the loan stock remains in issue.

 

Application has been made for the Ordinary Shares to be admitted to AIM, with trading expected to commence on 12 December 2014 ("Admission"). Upon Admission, the shares will rank pari passu in all respects with the existing Ordinary Shares of the Company.

 

As a result of the above issue from Treasury, the total number of ordinary shares held in Treasury is 677,779 and the number of ordinary shares in issue is 38,497,224, which is the number which 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 and Transparency Rules.

 

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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