Statement re settlement of legal proceedings

RNS Number : 5262I

Rotala PLC

02 June 2014

 



2 June 2014

Rotala plc

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

Settlement in respect of legal proceedings against National Express Limited ("NEL")

Following the loss of two route diagrams operated on behalf of NEL, referred to in the Company's results for the 2013 financial year, Rotala commenced legal proceedings against NEL for breach of contract and wrote off an exceptional item of £364,000 in respect of this action.

Rotala is pleased to announce that it has reached a full and final settlement with NEL of its claim against NEL in terms satisfactory to the Company.

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); Richard Thomas (Nominated Adviser)

 

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