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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 0.0% 22.50 22.00 27.00 0.00 07:30:44
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 67.5 2.6 4.0 5.6 11

Rotala PLC Notice of Interim Results

19/08/2020 2:54pm

UK Regulatory (RNS & others)


Rotala (LSE:ROL)
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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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August 19, 2020 09:54 ET (13:54 GMT)

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