Issue of Equity

RNS Number : 6259L

Rotala PLC

14 January 2009

 



Rotala plc

('Rotala' or the 'Company')

Issue of Ordinary Shares

As announced on 8 October 2007, the Company had been notified of the exercise of existing warrants over, in aggregate, 225,199 new Ordinary Shares, realising an aggregate subscription amount of £88,250 for the Company. These warrants were exercised by John Gunn and his related parties at prices ranging from 25 pence to 62.5 pence per Ordinary Share. The Ordinary Shares subject to the exercise of these warrants were issued but not admitted to trading on AIM.

On 15 October 2008, the Company has also issued 8,929 shares at 56 pence per share in respect of professional services rendered by Equity Development Limited, in accordance with the contract for the provision of those services. The Ordinary Shares were issued but not admitted to trading on AIM.

As a result application has been made for 234,128 Ordinary Shares of 25 pence each in the Company to be admitted to trading on AIM on Monday 19 January 2009. 

The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company. 

Following the admission of the new Ordinary Shares, the Company's issued share capital will consist of 25,931,470 Ordinary Shares of 25 pence each, with voting rights. 

The above figure 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 interest in Rotala, under the Disclosure and Transparency Rules. 

For further information please contact:

Rotala plc
John Gunn, Chairman	020 7621 5774
Kim Taylor, Chief Executive	07825 808 529
Charles Stanley Securities - NOMAD and broker	020 7149 6000
Mark Taylor / Ben Johnston / Adam Sumner

 

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