Rotala PLC AGM Statement (1747A)
28 Mayo 2021 - 02:23AM
UK Regulatory
TIDMROL
RNS Number : 1747A
Rotala PLC
28 May 2021
RNS
28 May 2021
Rotala Plc
("Rotala" or the "Company" or the "Group")
Annual General Meeting
Rotala plc (AIM:ROL) holds its Annual General Meeting today.
Preparatory to the meeting the Company's Non-Executive Chairman,
John Gunn, commented:
"The Company continues to operate stably under the umbrella
provided by the Coronavirus Bus Services Support Grant regime. This
regime dictates a no profit/no loss outcome at the pre-tax profit
line, but does ensure that the Company remains cash positive. As
the Government has eased the restrictions instituted to combat the
Coronavirus pandemic, passenger volumes have steadily improved.
Currently these stand at about 65% of pre-pandemic levels. We
expect a steady upward trend in passenger volumes to continue as
travel and social distancing restrictions are further relaxed."
For further information please contact:
Rotala Plc 0121 322 2222
John Gunn, Chairman
Simon Dunn, Chief Executive
Kim Taylor, Group Finance Director
Shore Capital 020 7408 4090
Tom Griffiths / James Thomas / Michael McGloin (Corporate Advisory)
Henry Willcocks (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. Operating companies are
Diamond Bus Ltd, Diamond Bus (North West) Ltd, Hallmark Connections
Ltd and Preston Bus Ltd.
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END
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May 28, 2021 03:23 ET (07:23 GMT)
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