Published on 10/21/2009 in the Prospect News PIPE Daily.
New Issue: Rotala orchestrates £2.31 million private placement of ordinary stock
By Devika Patel
Knoxville, Tenn., Oct. 21 - Rotala plc said it will raise £2.31 million in a private placement of shares.
The company will sell 5,774,175 ordinary shares at 40p each.
Proceeds will be used to fund the continued organic growth and strategic development of the group.
London's Rotala provides bus services to public and private bodies and tailored transport services to a range of private customers.
| Issuer: | Rotala plc
|
| Issue: | Ordinary shares
|
| Amount: | £2,309,670
|
| Shares: | 5,774,175
|
| Price: | 40p
|
| Warrants: | No
|
| Pricing date: | Oct. 21
|
| Stock symbol: | London: ROL
|
| Stock price: | 50p at close Oct. 21
|
| Market capitalization: | £112.9 million
|
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