30 August 2012
Rotala plc
("Rotala" or "the Company")
Directors' Dealings
Rotala has been notified of the following Director's Dealing which occurred on 29 August 2012:
John Gunn, the Non-Executive Chairman of the Company, has, from his direct and indirect interests in the Company, sold £200,000 nominal of the Company's Convertible Unsecured Loan Stock ("CULS") at a price of £1.01 per £1 unit. This Loan Stock bears a coupon of 8% per annum and is repayable on 31 December 2014 or is convertible into ordinary shares of the Company at a rate of 45 pence per share at any time up to that date. Following this sale John Gunn has an interest, directly and indirectly, in £580,850 nominal of this Loan Stock (being 25.08 per cent. of the loan stock currently in issue).
The sale of the £200,000 of the CULS was made up of the following elements:
1. The Ingrid Croft Trust, (of which John Gunn, the Non-Executive Chairman of the Company, is a trustee but not a beneficiary), sold £28,000 in nominal value of the CULS. Following this sale, the Ingrid Croft Trust has an interest in £30,000 of the CULS (representing 1.30 per cent. of the CULS in issue);
2. The Natalie Haynes Trust (of which John Gunn, the Non-Executive Chairman of the Company, is a trustee but not a beneficiary), sold £30,000 in nominal value of the CULS. Following this sale, the Natalie Haynes Trust has an interest in £45,000 of the CULS (representing 1.94 per cent. of the CULS in issue);
3. The Alison Pople Trust (of which John Gunn, the Non-Executive Chairman of the Company, is a trustee but not a beneficiary), sold £12,000 in nominal value of the CULS. Following this sale, the Alison Pople Trust has an interest in £30,000 of the CULS (representing 1.30 per cent. of the CULS in issue);
4. The 181 Fund Limited, (of which John Gunn, the Non-Executive Chairman of the Company, is both a director and, through his beneficial interests, a holder of 25.02% of the ordinary share capital), sold £130,000 in nominal value of the CULS. Following this sale the 181 Fund Limited has an interest in £475,850 of the CULS (representing 20.54% of the CULS in issue).
For further information please contact:
Rotala Plc |
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John Gunn, Chairman |
020 7602 7500 |
Simon Dunn, Chief Executive |
07825 808 525 |
Kim Taylor, Group Finance Director |
07825 808 529 |
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Numis Securities Limited |
020 7260 1000 |
David Poutney (Corporate Broker); Stuart Skinner/Richard Thomas (Nominated Adviser) |
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