Further Placing Update

Rotala PLC 26 March 2008 26 March 2008 Rotala plc ('Rotala' or 'the Company') Further placing of Loan Notes Placing of Ordinary Shares Directors' Dealings On 3 March 2008, the Company announced a placing of Loan Notes and a proposed placing of Ordinary Shares to raise £3.8 million in aggregate. Of this amount £1.4 million was in the form of commitments from Directors and other investors. On 5 March 2008, the Company announced that it had placed £815,000 of these commitments with Directors and other investors. The Company is now pleased to announce the placing of the remaining commitments amounting to £615,000 through the issue of £225,000 of Loan Notes (the 'Further Loan Note Issue') and the issue of Ordinary Shares and Warrants (the 'Ordinary Share Issue') to Robert Dunn, Simon Dunn and Scott Dunn. Details of the Further Loan Note Issue £225,000 of Loan Notes have been placed by Ludgate Investments Limited with investors. The Loan Notes will pay interest semi-annually in arrears on 30 June and 31 December in each year at a rate of 8% p.a. with the first payment being for the period from the issue of the Loan Notes to 30th June 2008. The Loan Notes, which will not be listed, are capable of being converted in aggregate into 333,333 new Ordinary Shares of the Company. The conversion price is 67.5p per share which represents a premium of 13.44% to the closing mid-market price of 59.5p per Ordinary Share on 20 March 2008. If not converted, the Loan Notes will be redeemed by the Company on 31 December 2011, or earlier with the agreement of the noteholder. In addition, the Company has issued to placees an aggregate of 111,110 warrants to subscribe for new Ordinary Shares in the Company (the 'Warrants'). Of these Warrants, 55,555 entitle placees to subscribe for new ordinary shares at 75 pence per share at any time up to 31 December 2009, and 55,555 entitle placees to subscribe for new ordinary shares at 80 pence per share at any time up to 31 December 2010. In addition Ludgate, as placing agent to the Company, has been issued with warrants entitling it to subscribe for 13,332 new ordinary shares at 67.5 pence per share at any time up to 31 December 2011. Ordinary Share Issue Robert Dunn, Simon Dunn and Scott Dunn have, in aggregate, subscribed for 655,462 new Ordinary Shares at an issue price of 59.5 pence per share for an aggregate investment of approximately £390,000 ('the Ordinary Share Issue'). In addition the Company has issued to the subscribers an aggregate of 327,731 warrants to subscribe for new Ordinary Shares in the Company at 59.5 pence per share at any time up to 31 December 2010. This investment in Ordinary Shares is in addition to an investment of £260,000 in Loan Notes by Simon Dunn and Scott Dunn announced on 3 March 2008. The Company has today made application for the 655,462 new Ordinary Shares to be admitted to trading on AIM. Trading in the new Ordinary Shares is anticipated to commence on 1 April 2008. Enlarged Share Capital Following the Ordinary Share Issue the Company will have 21,010,041 Ordinary Shares in issue. The conversion of all of the Loan Notes and exercise of all of the Warrants issued under the Further Loan Note Issue and the Ordinary Share Issue would result in the issue of 785,506 new Ordinary Shares in aggregate. This would represent approximately 3.6% of the enlarged issued share capital of the Company. Upon issue the new Ordinary Shares will rank pari passu in all respects with the existing issued ordinary shares of 25p each in the capital of the Company. In aggregate, following the Further Placing the Company now has £4,662,500 of Loan Notes in issue Directors' and other interests Certain directors have participated in the Ordinary Share Issue as follows: Robert Dunn £250,000 Simon Dunn £40,000 Following the Further Loan Note Placing, the Ordinary Share Issue, the interests of the directors are as follows: Ordinary Shares % of issued Share Warrants Loan Notes*** held (excluding Capital as enlarged options) by the Ordinary Share Issue John Gunn * 3,998,857 19.3 281,527 £405,000 Geoffrey Flight * * 990,333 4.7 121,578 £125,000 Kim Taylor 20,000 0.1 37,344 £50,000 Simon Dunn 102,227 0.5 112,626 £160,000 Nick Kennedy 151,886 0.7 - - Robert Dunn 420,168 2.0 210,084 - * includes Mrs R. S. Gunn and Wengen Pension Plan. ** includes the Flight Pension Trust of which Mr Flight is a beneficiary. *** the Loan Notes include £50,000 and £35,000 for Mr Gunn and Mr Flight respectively of CULS due 2008 (convertible into Ordinary Shares at any time prior to 31 December 2008 on the basis of 1 new Ordinary Share for every 62.5p of Loan Stock), £225,000, £40,000 and £25,000 in Unsecured Loan Notes due 2009 for Mr Gunn, Mr Flight and Mr Taylor respectively and the Loan Notes. Contacts: John Gunn, Chairman Rotala plc 020 7621 5770 Kim Taylor, CEO Rotala plc 020 7621 5770 Rhod Cruwys / Romil Patel, Blue Oar Securities Plc 020 7448 4400 Robert Petch, Ludgate Investments Limited 020 7621 5770 This announcement does not constitute an offer to sell or an invitation to subscribe for, or the solicitation of an offer to buy or to subscribe for, Ordinary Shares in any jurisdiction in which such an offer or solicitation is unlawful and is not for distribution in or into Canada, Japan, the United States or Australia (the 'Prohibited Territories'). The Ordinary Shares have not been and will not be registered under the United States Securities Act of 1933 (as amended) or under the applicable securities laws of any state in the United States or any Prohibited Territory and, unless an exemption under such Acts or laws is available, may not be offered for sale or subscription or sold or subscribed directly or indirectly within the Prohibited Territories or for the account or benefit of any national, resident or citizen of the Prohibited Territories. The distribution of this announcement in other jurisdictions may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of such jurisdictions. The contents of this announcement are not to be construed as legal, financial or tax advice. If necessary, each recipient of this announcement should consult his, her or its own legal adviser, financial adviser or tax adviser for legal, financial or tax advice. Ludgate Investments Limited is regulated by the Financial Services Authority and is acting for Rotala plc and for no one else in connection with the Placing and will not be responsible to anyone other than Rotala plc for providing the protections afforded to customers of Ludgate Investments Limited, or for affording advice in relation to the Placing, the Future Placing or any other matters referred to herein. This information is provided by RNS The company news service from the London Stock Exchange

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Rotala (ROL)
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