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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Rotala Plc | LSE:ROL | London | Ordinary Share | GB00B1Z2MP60 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 63.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMROL
RNS Number : 6191W
Rotala PLC
19 August 2020
RNS
19 August 2020
Rotala Plc
("Rotala" or "the Company" or "the Group")
Interim Results Publication Date
The Company announces that it expects to report its interim results for the six-month period ended 31 May 2020 by mid-September 2020 and by no later than 30 September 2020. The publication date utilises the permitted extension of up to one month to complete and announce half yearly reports, as per the guidance set out in 'Inside AIM', dated 9 June 2020.
In line with the announcement dated 9 April 2020, the Company has continued over the intervening period to align bus services with local requirements, reduce commensurately the costs of operation and conserve cash. Cash flow, both at EBITDA level and net of all debt, interest and other payments, was quickly stabilised and remains positive.
As highlighted in the same 9 April 2020 announcement, the bankers to the Company, HSBC Bank Plc, responded to the COVID-19 crisis by increasing the Company's overdraft facility to GBP6.6 million. The Company has operated well within that facility in the intervening period and has not availed itself of any of the Government-supported loan schemes that are available, and at the current time sees no requirement to do so.
For further information please contact:
Rotala Plc 0121 322 2222 John Gunn, Chairman Simon Dunn, Chief Executive Kim Taylor, Group Finance Director Nominated Adviser & Broker: Cenkos Securities plc 020 7397 8900 Stephen Keys/Callum Davidson (Corporate Finance) Michael Johnson/Julian Morse (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 in the North West.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
August 19, 2020 09:54 ET (13:54 GMT)
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