Director/PDMR Shareholding

RNS Number : 3446W

Rotala PLC

25 January 2013

 



25 January 2013

Rotala plc

("Rotala" or "the Company")

Directors' Dealings

Rotala has been notified of the following Director's Dealings which occurred on 24 January 2013:

John Gunn, the Non-Executive Chairman of the Company, has, from his direct and indirect interests in the Company, sold £250,000 nominal of the Company's Convertible Unsecured Loan Stock ("CULS") at a price of £1.05 per £1 unit. This Loan Stock bears a coupon of 8% per annum and is repayable on 31 December 2014 or is convertible into ordinary shares of the Company at a rate of 45 pence per share at any time up to that date. Following this sale John Gunn has an interest, directly and indirectly, in £255,000 nominal of this Loan Stock (being 11.01 per cent. of the loan stock currently in issue).

The sale of the £250,000 of the CULS was made by The 181 Fund Limited, (of which John Gunn, the Non-Executive Chairman of the Company, is both a director and, through his beneficial interests, a holder of 25.02% of the ordinary share capital). Following this sale The 181 Fund Limited has an interest in £150,000 of the CULS (representing 6.48% of the CULS in issue).

At the same time John Gunn, the Non-Executive Chairman of the Company, has purchased 250,000 ordinary shares of 25 pence each at a price of 43 pence per share. Following this purchase John Gunn has an interest, directly and indirectly, in 9,521,837 ordinary shares of the Company (being 27 per cent. of the shares currently in issue).

The purchase of the 250,000 ordinary shares was made by The 181 Fund Limited, (of which John Gunn, the Non-Executive Chairman of the Company, is both a director and, through his beneficial interests, a holder of 25.02% of the ordinary share capital). Following this purchase The 181 Fund Limited has an interest in 1,980,221 ordinary shares of the Company (being 5.61% of the 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); Stuart Skinner/Richard Thomas (Nominated Adviser)

 

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