Rotala PLC
05 July 2007
Rotala plc
('Rotala' or 'the Company')
Issue of Equity
On 18 June 2007, the Company announced that holders of the 8% convertible loan
notes issued in June and July 2006 had given the Company written notice that
they wished to convert, in aggregate, £275,000 of loan note principal into
ordinary shares of 1 penny each ('Ordinary Shares') at the rate of 1.6 pence of
principal for each Ordinary Share ('Conversion').
Following the Conversion, 17,187,500 Ordinary Shares have been issued; of these
15,625,000 Ordinary Shares have been issued to John Gunn, his wife Mrs R S Gunn
and the Gunn Trusts (of which John Gunn is a trustee). Following Conversion,
John Gunn has a direct, and indirect, interest in 101,218,119 Ordinary Shares,
representing 25.21 per cent. of the total voting rights of the Company.
The new Ordinary Shares will rank pari passu with the Company's existing
Ordinary Shares and trading is expected to commence on 10 July 2007.
Following admission, 401,545,200 Ordinary Shares will be in issue.
Enquiries:
Contacts:
John Gunn, Chairman 020 7236 6236
Kim Taylor, CEO 07918 883796
Romil Patel / Rhod Cruwys, Blue Oar Securities 020 7448 4400
This information is provided by RNS
The company news service from the London Stock Exchange
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