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Rotala PLC (ROL)

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Tuesday 26 May, 2020

Rotala PLC

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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