Cosalt PLC Funding Update (8482G)
July 04 2012 - 2:00AM
UK Regulatory
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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