Inactive Instrument

Rotala PLC

Equities

ROL

GB00B1Z2MP60

Passenger Transportation, Ground & Sea

Rotala brings forward takeover scheme court hearing date

January 02, 2024 at 12:32 pm

Rotala PLC - Tividale, West Midlands-based bus operator - Brings forward date of scheme court hearing for the agreed takeover by Rotala Group Ltd to January 15 from January 25. The date of the court and general meetings remains Thursday this week. Rotala Group Ltd is a private limited company formed specifically for the purpose of the acquisition, owned by Rotala Chief Executive Officer Simon Dunn, Managing Director for North West Robert Dunn and Executive Chair John Gunn, among others such as the spouses of Simon and Robert Dunn. In November, an agreement was reached, with Rotala Group Ltd offering 63.5 pence per Rotala share, valuing the entire company at around GBP23.5 million.

Current stock price: 62.90 pence, up 2.3%

12-month change: up 77%

By Greg Rosenvinge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Rotala PLC

Rotala Group's Takeover Scheme for Rotala plc Becomes Effective	01-17	MT
The management of Rotala PLC completed the acquisition of a 62.41% stake in Rotala PLC	01-16	CI
Rotala takeover approved by majority of shareholders	01-15	AN
Rotala plc Shareholders Approve Scheme for Rotala Group’s GBP24 Million Bid	01-04	MT
Rotala Plc Eyes Earlier Conclusion of Sale to Rotala Group	01-02	MT
Rotala brings forward takeover scheme court hearing date	01-02	AN
FTSE 100 Closes Down 0.11% As Investors Eye Autumn Statement	11-20	DJ
Bus Operator Rotala Accepts GBP23.5 Million Management Buyout	11-20	MT
Rotala backs takeover offer from CEO and chair-owned private vehicle	11-20	AN
Zinc Media to pay GBP850,000 in earn-out on The Edge	11-14	AN
Rotala Extends Deadline for Director to Make Formal Buyout Bid	11-14	MT
FTSE 100 Closes Up 0.6% Boosted by Astrazeneca, Outperforming European Peers	17/10/23	DJ
Rotala extends purchase offer decision date as discussions continue	17/10/23	AN
Rotala Extends Deadline for Director to Make Formal Takeover Offer	17/10/23	MT
Rotala shares jump on GBP19.4 million management-led bid proposal	19/09/23	AN
The FTSE 100 Closed Up Despite Rising Oil Prices, Higher Interest Rates Prospects	19/09/23	DJ
Rotala Shares Jump on Potential Offer from Directors	19/09/23	MT
The management of Rotala PLC made an offer to acquire remaining 62.41% stake in Rotala PLC for £12.3 million.	18/09/23	CI
FTSE 100 Closes Flat as Oil Stocks Drop Offset Positive Corporate Results	28/07/23	DJ
Rotala half-year profit climbs as touts expansion in Manchester	28/07/23	AN
Earnings Flash (ROL.L) ROTALA Reports Fiscal H1 EPS GBX0.00	28/07/23	MT
Earnings Flash (ROL.L) ROTALA Posts Fiscal H1 Revenue GBP52.6M	28/07/23	MT
Rotala PLC Declares an Interim Dividend, Payable on 25 August 2023	28/07/23	CI
Rotala PLC Reports Earnings Results for the Half Year Ended May 31, 2023	28/07/23	CI
Rotala disposes GBP30.4 million depot to Greater Manchester authority	07/07/23	AN

Chart Rotala PLC

Duration

Period

More charts

Company Profile

Rotala Plc is a United Kingdom-based company, which is engaged in operating commercial and subsidized bus routes for businesses, local authorities, and public and private individuals. The Company operates with more than 700 vehicles. Its operating companies include Diamond Bus East Midlands, Diamond Bus Ltd, Diamond Bus North West, Hallmark Connections Ltd and Preston Bus Ltd. Diamond Bus East Midlands is the operator in Burton upon Trent. It provides bus services to other nearby towns such as Uttoxeter, Ashby-de-la-Zouch and Lichfield. Diamond Bus Ltd operations span Worcestershire and the West Midlands, operating from three depots in Tividale, Redditch and Kidderminster. Hallmark Connections Ltd operates predominantly from the Stanwell, Middlesex depot which is situated next to Heathrow Airport. It also carries out work in the West Midlands and Northwest. It also operates in the Eccles area of Greater Manchester of a freehold depot from WAG Holdings Limited.

Sector

Passenger Transportation, Ground & Sea

Calendar

21/08/2024 - Q2 2024 Earnings Release (Projected)

More about the company

Sector Other Passenger Transportation, Ground & Sea

	1st Jan change	Capi.
CENTRAL JAPAN RAILWAY COMPANY	-2.76%	21.78B
WEST JAPAN RAILWAY COMPANY	+7.36%	9.76B
INDIAN RAILWAY CATERING & TOURISM CORPORATION LIMITED	+13.80%	9.48B
TOKYU CORPORATION	+9.38%	7.07B
HANKYU HANSHIN HOLDINGS, INC.	-8.91%	6.25B
KEISEI ELECTRIC RAILWAY CO., LTD	-12.14%	6.12B
KINTETSU GROUP HOLDINGS CO.,LTD.	-11.67%	4.75B
ODAKYU ELECTRIC RAILWAY CO., LTD.	-17.02%	4.04B
SEIBU HOLDINGS INC.	+10.83%	4.05B

Other Passenger Transportation, Ground & Sea