Rotala PLC Sale of Long Leasehold Depot

TIDMROL

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 GBP600,000. 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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May 26, 2020 06:11 ET (10:11 GMT)