ROL Rotala Plc

TIDMROL

RNS Number : 5562Y

Rotala PLC

02 January 2020

2 January 2020

Rotala Plc

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

Change in notifiable holding by a Director of Rotala Plc

The Company has been notified by John Gunn, the Chairman of the Company, that he is, from 1 January 2020, no longer a trustee of three family trusts originally set up for the benefit of his now-adult children. Mr Gunn was never a beneficiary of these trusts, but, because he was a trustee, the shares held by the trusts, amounting in total to 1,252,418 ordinary shares in the Company, were treated as being part of John Gunn's non-beneficial shareholding in the Company. From 1 January 2020 therefore these shares fall to be excluded from the calculation of Mr Gunn's total direct and indirect interest in the Company.

Accordingly John Gunn now has a total beneficial interest in 5,649,987 Ordinary Shares in the Company, representing approximately 11.28 per cent of the shares in issue, and a total direct and indirect interest in the Company of 7,352,430 ordinary shares, representing approximately 14.68 per cent of the shares in issue.

This change in trustee arrangements has not given rise to any disposal of shares.

For further information please contact:

 
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) 
Joint Broker: Dowgate Capital Stockbrokers Ltd      0203 903 7715 
David Poutney/James Serjeant (Corporate Broking) 
 

About the business

Rotala provides a range of transport solutions, ranging from local bus services under contract to local authorities, through to commercial bus routes. Rotala has operations at Heathrow airport, in the West Midlands and the North West.

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January 02, 2020 05:55 ET (10:55 GMT)

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