LONDON - Rotala Group Ltd (RGL), a transportation entity controlled by Simon Dunn, Robert Dunn, John Gunn, and related parties, has confirmed its compliance with post-acquisition intentions for Rotala PLC following a mandatory review period. This announcement adheres to the Takeover Code's Rule 19.6(c), requiring confirmation of actions taken after a corporate takeover.
One year ago, on January 17, 2024, RGL successfully acquired Rotala PLC through a scheme of arrangement, as per the Companies Act 2006. The confirmation to The Takeover Panel, as stated in the press release dated January 17, 2025, verifies that RGL has acted in accordance with its previously declared intentions during the acquisition process.
These intentions were initially outlined in the Rule 2.7 announcement on November 20, 2023, and further detailed in the scheme document published on December 11, 2023. The completion of this review period marks a significant milestone in the acquisition process, ensuring that RGL's management has followed through on its strategic plans for Rotala PLC post-takeover.
The adherence to the Takeover Code's requirements demonstrates RGL's commitment to transparency and accountability in its corporate governance. This confirmation is a routine part of the post-offer process, providing stakeholders with assurance that the company has maintained the course of action it committed to following the acquisition.
The information provided is based on a press release statement from Rotala Group Ltd.
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