11th Aug 2015 16:07
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Tuesday.
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Rotala said Chairman John Gunn sold 200,000 at a price of 68.5 pence per share on Monday.
The deal is worth about GBP136,000 before expenses.
Following this transaction, Gunn has a beneficial interest in 6.1 million shares. This represents a holding of 16.06% of the shares in issue.
The transport company on Monday posted a fall in pretax profit, in line with lower revenue, due to one-off costs and declining revenue from its contracted services business, which was not quite offset by better commercial revenue.
The company said its pretax profit for the six months to the end of June was GBP894,000, down from GBP990,000 a year earlier, primarily due to it booking GBP151,000 in exceptional administrative costs.
In addition, brokerage Numis downgraded its rating on the stock to Hold from Add on Tuesday.
The stock closed untraded at 68.50p Tuesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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