CSLT.L Regulatory News (CSLT)

11 Oct 2007 11:03

Cosalt PLC11 October 2007 Cosalt plc("Cosalt" or "the Company") Proposed Acquisition of GTC Holdings Limited and Related Placing and Open Offerof 7,717,060 New Ordinary Shares at 330 pence per share Cosalt announces that at the Extraordinary General Meeting, which took placeearlier today, the resolutions proposed to shareholders approving theacquisition of GTC Holdings Limited ("GTC") and certain matters relating to thePlacing and Open Offer of 7,717,060 New Ordinary Shares at 330 pence per share(as set out in the notice of EGM contained in the Prospectus published by theCompany dated 18 September 2007) were duly passed. Completion of the Placing and Open Offer and the acquisition of GTC remainconditional on Admission of the New Ordinary Shares becoming effective and isexpected to take place on 12 October 2007. The definitions used in this announcement shall have the same meaning given tothem in the Prospectus published by the Company dated 18 September 2007. Enquiries: 11 October 2007 CosaltPer Jonsson, Chief ExecutiveNeil Carrick, Finance Director 01472 504 504 Noble Grossart LimitedGuy Stenhouse 0131 226 7011 College HillMatthew GregorowskiMark Garraway 020 7457 2020 Noble Grossart, which is authorised and regulated in the United Kingdom by theFinancial Services Authority for designated investment business, is actingexclusively for Cosalt and for no one else in relation to the Acquisition andthe Placing and Open Offer and will not be responsible to anyone other thanCosalt plc for providing the protection afforded to clients of Noble Grossart orfor giving advice in relation to the Acquisition, the Placing and Open Offer, orany other matter referred to in this document. This information is provided by RNS The company news service from the London Stock Exchange