Hedging of Fuel Costs

RNS Number : 9241P

Rotala PLC

08 October 2013

 



8 October 2013

Rotala plc

("Rotala" or "the Company")

Hedging of Fuel Costs

Rotala is pleased to announce that the Company has taken advantage of the recent dip in the oil price and the strength of Sterling to fix the price of fuel on approximately 95% of its anticipated requirements through to the end of 2014 and 30% of its requirements in 2015. The price achieved is a little below that used for current budgets and forecasts and gives management certainty over one of the Company's major costs for the foreseeable future.

Furthermore the fuel fix which provides 75% of the hedge described above takes the form of Shell's Fuel Save Diesel product which is proven to reduce fuel consumption and emissions at the same time as maintaining engine efficiency over total engine life.

Rotala currently uses 10 million litres of fuel per annum.

For further information please contact:

Rotala Plc
John Gunn, Chairman	020 7602 7500
Simon Dunn, Chief Executive	07825 808 525
Kim Taylor, Group Finance Director	07825 808 529
Numis Securities Limited	020 7260 1000
David Poutney (Corporate Broker); Stuart Skinner/Richard Thomas (Nominated Adviser)

 

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