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23 Jan 2009 16:34
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COSALT PLCΒ
23 January 2009Β
1. Name of the issuerΒ
COSALT PLCΒ
2. Nature of notificationΒ
Notification of transactions of Directors/Persons discharging managerial responsibility and connected personsΒ
3. Description of shares (including class), debentures or derivatives or financial instruments relating to sharesΒ
25P ORDINARY SHARESΒ
4. HoldingΒ
2,907,953 representing 11.01% of the companyΒ
5. Name of registered shareholders(s) and, if more than one, the number of shares held by each of themΒ
VIDACOS NOMINEES LIMITED - 2,907,953 SHARES ON BEHALF OFΒ HANOVERΒ I MASTER FUND LPΒ
6. NotificationΒ
"Hanover I Master Fund LP ("HMF") has, as a connected person ofΒ Matthew Peacock, aΒ director of Cosalt,Β previously notified its interest in 2,907,953 25P ORDINARY SHARES (theΒ "Shares") of the Company. HMF hereby gives further noticeΒ that, in line with standard market practice,Β the Shares are subject to a charge in favour of UBS AG under the terms of a customary prime brokerage agreement. This notification is made in light of the FSA's statement ofΒ 9 January 2009Β relating to the disclosure obligations of persons discharging managerial responsibilities and their connected persons who grant security over their shareholdings in an issuer."Β
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7. Date issuer informed of transactionΒ
23Β January 2009Β
8. Name of contact and telephone number for queries
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Hanover Investors Management LLP
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020 7766 8408
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Michael Smith
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CosaltΒ plc
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01472 504 254
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Neil Carrick
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College Hill
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020 7457 2025
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Adam Aljewicz
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Name and signature of duly authorised officer of issuer responsible for makingΒ
NotificationΒ
Neil Carrick - Company Secretary
Date of notificationΒ
23 January 2009
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