Rotala PLC Notice of Interim Results (6191W)
19 August 2020 - 11:54PM
UK Regulatory
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.
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Kingdom. Terms and conditions relating to the use and distribution
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contact rns@lseg.com or visit www.rns.com.
END
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