Director/PDMR Shareholding

RNS Number : 6569M

Rotala PLC

22 January 2016

 

22 January 2016

Rotala plc

("Rotala" or "the Company")

Directors' Dealings and Total Voting Rights

Rotala has been notified of the following Directors' Dealings which occurred on 21 January 2016:

Simon Dunn, Chief Executive of the Company, has exercised his option to acquire 80,000 ordinary shares of 25 pence each at a price of 37.50 pence per share. These shares will be issued out of those held in treasury. Simon Dunn has also purchased 7,925 ordinary shares of 25 pence each at a price of 75.55 pence per share. Following these transactions Simon Dunn has a beneficial interest in the Company of 1,501,095 shares, which represents a holding of 3.92% of the shares in issue.

Kim Taylor, Finance Director of the Company, has exercised his option to acquire 160,000 ordinary shares of 25 pence each at a price of 37.50 pence per share. These shares will be issued out of those held in treasury. Following this option exercise Kim Taylor has a beneficial interest in the Company of 573,056 shares, which represents a holding of 1.50% of the shares in issue.

John Gunn, the Non-Executive Chairman of the Company, has exercised his option to acquire 120,000 ordinary shares of 25 pence each at a price of 37.50 pence per share. These shares will be issued out of those held in treasury. At the same time John Gunn has sold 120,000 ordinary shares at a price of 75.50 pence per share. Following this option exercise and share sale John Gunn has a beneficial interest in the Company of 6,114,487 shares, which represents a holding of 15.96% of the shares in issue, and a total direct and indirect interest in the Company of 9,169,348 ordinary shares, which represents a holding of 23.93% of the shares in issue.  

Geoffrey Flight, a non-executive director of the Company, has sold 80,000 ordinary shares of 25 pence each at a price of 75.0 pence per share. Following this share sale Geoffrey Flight has a beneficial interest in the Company of 1,100,000 shares, which represents a holding of 2.87% of the shares in issue.

Application has been made to the London Stock Exchange for the new ordinary shares to be admitted to trading on AIM and it is expected that admission will take place on 27 January 2016. Upon Admission, the shares will rank pari passu in all respects with the existing ordinary shares of the Company.

As a result of the above dealings, the total number of ordinary shares held in treasury is 858,831 and the number of remaining ordinary shares in issue is 38,316,172, which is the number which 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 and Transparency Rules.

For further information please contact:

Rotala Plc
John Gunn, Chairman	0121 322 2222
Simon Dunn, Chief Executive	0121 322 2222
Kim Taylor, Group Finance Director	0121 322 2222
Numis Securities Limited	020 7260 1000
David Poutney (Corporate Broker); Stuart Skinner/Richard Thomas (Nominated Adviser)

 

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