Acquisition

RNS Number : 6193T

Rotala PLC

17 December 2012

 



17 December 2012

Rotala plc

("Rotala" or "the Company")

Banking Facilities and Substantial Transaction

Rotala plc is pleased to announce that it has entered into a revised suite of banking facilities with its principal bankers. The new facilities, totalling £11m, replace the Company's existing facilities with that bank of approximately £5.2 million. These enhanced facilities will support Rotala's aim of continuing to grow both organically and by acquisition.

 Approximately £1.8 million of the facility will immediately be used to finance the acquisition of the freehold interest in a depot presently leased by the group in the Bristol area. This depot, at St. Andrews Road, Avonmouth, BS11 9HS, is being acquired from Silverton Investments Limited for a consideration of £1.8 million.

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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