4 Jul 2012 07:00
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 £6 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 Trevor Sands, Chief Executive Officer | Tel: +44 (0) 1472 725560 |
Cardew Group Tel: +44 (0) 207 930 0777
Tim Robertson
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