||EPS - Basic
||Market Cap (m)
|Travel & Leisure
|Rotala Daily Update: Rotala Plc is listed in the Travel & Leisure sector of the London Stock Exchange with ticker ROL. The last closing price for Rotala was 51.50p.|
Rotala Plc has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 42,193,246 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Rotala Plc is £22,362,420.38.
|eekorehc: This bb is very quiet, any views on sliding share price? I found the recent statement a little hard to understand, there are clearly someunforeseen problems but are they sortable in the medium term?|
|chesters2: Here is the reason for todays movement and the resulting suspension
11 April 2005
FOR IMMEDIATE RELEASE 11 April 2005
ROTALA PLC ("ROTALA" or the "Company")
Statement regarding suspension
ROTALA (AIM: ROL) announces that it has advanced funds to Flights Corporate
Transfers Limited ("Flights Corporate) by way of a Â£175,000 term loan to be
employed by Flights Corporate for working capital purposes (the "Loan").
ROTALA also announces that the Company has entered into a period of exclusivity
with the shareholders of Flights Corporate and Flights Hallmark Limited ("
Flights Hallmark") in connection with a possible strategic collaboration with
both Flights Hallmark and Flights Corporate which may or may not lead to a
reverse transaction pursuant to the AIM Rules. As a consequence of ROTALA
entering into these arrangements and the Company's recent share price
appreciation, the Board has requested that the London Stock Exchange suspends
trading in the Company's shares until the nature of any future strategic
collaboration can be clarified.
Flights Hallmark and Flights Corporate supply, inter alia, airport transfers and
chauffeur services throughout the UK. Flights Hallmark and Flights Corporate are
both owned by private shareholders.
The Loan agreement provides for ROTALA having advanced Flights Corporate a term
loan of Â£175,000, repayable on 31 December 2005 at an interest rate of 8% plus a
non-material arrangement fee. The agreement includes a 90 day grant of
exclusivity over Flights Hallmark and Flights Corporate for the purposes of the
Company conducting a due diligence exercise which may or may not lead to a
strategic collaboration which would be determined as a reverse transaction
pursuant to the AIM Rules. To date, no heads of agreement (binding or otherwise)
has been entered into in relation to either Flights Hallmark or Flights
Corporate and no consideration terms have been discussed.
- Ends -
For further information please contact:
John Gunn, Non-executive Chairman, Rotala plc T: 020 7236 6236
Grant Harrison/Katherine Roe, Durlacher T: 020 7459 3600
Nick Fox, M:Communications T: 020 7153 1540
This information is provided by RNS
The company news service from the London Stock Exchange
Rotala share price data is direct from the London Stock Exchange