Rotala PLC Sale of Long Leasehold Depot
26 May 2020 - 8:11PM
RNS Non-Regulatory
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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END
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