Subscription of Ordinary Shares

RNS Number : 8103J

Rotala PLC

21 August 2019

 

RNS

21 August 2019

Rotala Plc

("Rotala" or "the Company" or "the Group")

Issue of Ordinary Shares

In its announcement of 1 August 2019, the Company set out that it had invited participants in its Save As You Earn scheme  to apply their accrued savings under that scheme towards a subscription for ordinary shares in the Company at 56p per share (the "SAYE Participants Offer"). As part of that Offer the Company has issued 3,103 ordinary shares of 25p each ("Ordinary Shares"). These Ordinary Shares shall be satisfied from existing shares held in treasury. Further announcements will be made as and when the Offer is taken up by employees.

As a result of the above issue, the total number of ordinary shares in issue remains unchanged at 50,746,418, of which 851,235 are held in treasury and the remaining ordinary shares in issue  carrying voting rights is 49,895,183. This number (49,895,183) 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 Guidance and Transparency Rules.

For further information please contact:

Rotala Plc	0121 322 2222
John Gunn, Chairman Simon Dunn, Chief Executive Kim Taylor, Group Finance Director
Nominated Adviser & Joint Broker: Cenkos Securities plc	020 7397 8900
Stephen Keys/Callum Davidson (Corporate Finance) Michael Johnson/Julian Morse (Corporate Broking)
Joint Broker: Dowgate Capital Stockbrokers Ltd	0203 903 7715
David Poutney/James Serjeant (Corporate Broking)

About the business

Rotala provides a range of transport solutions, ranging from local bus services under contract to local authorities, through to commercial bus routes. Rotala has operations at Heathrow airport, in the West Midlands and the North West.

 

END

 

 

IOECKDDNDBKDNFB