AGM Statement

RNS Number : 1747A

Rotala PLC

28 May 2021

 

RNS

28 May 2021

Rotala Plc

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

Annual General Meeting

Rotala plc (AIM:ROL) holds its Annual General Meeting today. Preparatory to the meeting the Company's Non-Executive Chairman, John Gunn, commented:

"The Company continues to operate stably under the umbrella provided by the Coronavirus Bus Services Support Grant regime. This regime dictates a no profit/no loss outcome at the pre-tax profit line, but does ensure that the Company remains cash positive. As the Government has eased the restrictions instituted to combat the Coronavirus pandemic, passenger volumes have steadily improved. Currently these stand at about 65% of pre-pandemic levels. We expect a steady upward trend in passenger volumes to continue as travel and social distancing restrictions are further relaxed."

For further information please contact:

Rotala Plc	0121 322 2222
John Gunn, Chairman Simon Dunn, Chief Executive Kim Taylor, Group Finance Director
Shore Capital	020 7408 4090
Tom Griffiths / James Thomas / Michael McGloin (Corporate Advisory) Henry Willcocks (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 in the North West.  Operating companies are Diamond Bus Ltd, Diamond Bus (North West) Ltd, Hallmark Connections Ltd and Preston Bus Ltd.

 

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