Sale of Long Leasehold Depot, Rotala PLC, 2020-05-26

RNS Number : 9400N
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 £600,000. 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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