CSLT Cosalt

TIDMCSLT

RNS Number : 8482G

Cosalt PLC

04 July 2012

Cosalt plc

("Cosalt" or the "Company")

FUNDING UPDATE

The Board of Cosalt has agreed with Oval (a company wholly owned by David Ross) the extension of the repayment date of certain credit facilities totalling GBP6 million previously advanced by Oval to the Company. The facilities will now be due for repayment on 31 December 2012, being the date to which the Cosalt Group's Bank facilities presently extend.

As announced on 31 May 2012, the Company is continuing discussions with its lenders and the Group's pension trustees to secure a longer term financing solution

Enquiries:

 
 Cosalt plc                       Tel: +44 (0) 1472 725560 
  Trevor Sands, Chief Executive 
  Officer 
 
   Cardew Group                                                         Tel: +44 (0) 207 930 0777 

Tim Robertson

This information is provided by RNS

The company news service from the London Stock Exchange

END

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