Sale of Long Leasehold Depot

RNS Number : 9400N

Rotala PLC

26 May 2020

 

RNS Reach

26 May 2020

Rotala Plc

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

Sale of Long Leasehold Depot  

Rotala is pleased to announce the completion of the sale of its long leasehold depot at Atherton, Greater Manchester to J Fisher & Sons Limited, a firm of haulage contractors, for a gross cash consideration of £600,000. The depot became surplus to requirements when the Bolton depot was acquired in August 2019. The net proceeds, after transaction costs, approximate to the net book value of the assets and will be used to reduce the net debt of the Company. 

Rotala Plc	0121 322 2222
John Gunn, Chairman Simon Dunn, Chief Executive Kim Taylor, Group Finance Director
Nominated Adviser & Joint Broker: Cenkos Securities plc	020 7397 8900
Stephen Keys/ Callum Davidson (Corporate Finance) Michael Johnson/Julian Morse (Corporate Broking)

 

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