Rotala PLC
03 May 2006
Rotala PLC
Press Release
3rd May 2006
Rotala plc
('Rotala' or 'the Company')
Acquisition of Birmingham freehold site - Fairness Opinion
The Company announced on 3 May that it had completed the acquisition of the
freehold of Rotala's 4.5 acre Birmingham property from The Flights Pension
Trust, of which Geoffrey Flight and his family are the beneficiaries, subject to
the announcement of a statement in accordance with Rule 13 of the AIM Rules
regarding transactions with related parties.
The freehold has been acquired at a price of GBP2 million, of which GBP500,000
has been paid in cash from Rotala's own resources and the balance provided by
taking out a commercial mortgage on the property.
The Company's NOMAD has today confirmed that, following due and careful inquiry,
they consider the terms of the transaction to be fair and reasonable insofar as
the shareholders of the Company are concerned.
-Ends-
For further information, please contact:
Nick Fox, M: Communications, 0207 153 1540 / 07711 727 618
This information is provided by RNS
The company news service from the London Stock Exchange
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