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Statement re. Suspension

3 May 2011 08:53

RNS Number : 7825F

Cosalt PLC

03 May 2011

Cosalt plc

("Cosalt" or "the Group")

Statement re: Suspension

The Board of Cosalt announces that it is in the late stages of agreeing the previously notified proposed sale of the Group's marine business. The Group's ongoing funding arrangements are conditional on the completion of this transaction. Whilst the Board has made significant progress with these discussions, the Group is not yet in a position to publish its Report and Accounts for the 14 months ended 31 December 2010 by 30 April 2011, as required by Disclosure & Transparency Rule 4.1.3. Accordingly the Group's ordinary shares have been suspended from trading pending publication of its audited accounts.

A further announcement will be made shortly.

ENQUIRIES:

Cosalt plc (www.cosalt.com) Tel: +44 (0)1472 725100

Mark Lejman, Chief Executive

Evolution Securities Tel: +44(0)113 243 1619

Joanne Lake / Peter Steel

Cardew Group Tel: +44 (0)20 7930 0777

Tim Robertson / James Milton

This information is provided by RNS

The company news service from the London Stock Exchange

END

SRSLIFEDELIVIIL

Date		Source	Headline
27th Jul 2010	7:00 am	RNS	New Joint Venture
29th Jun 2010	7:00 am	RNS	Half Yearly Report
10th May 2010	7:00 am	RNS	New contract with NW Fire Brigade and Hanson
29th Apr 2010	2:21 pm	RNS	Holding(s) in Company
15th Apr 2010	11:53 am	RNS	Holding(s) in Company
25th Mar 2010	10:36 am	RNS	AGM Resolutions
23rd Mar 2010	5:14 pm	RNS	Annual Information Update
18th Mar 2010	7:00 am	RNS	Interim Management Statement
11th Mar 2010	6:00 pm	RNS	Director/PDMR Shareholding
11th Mar 2010	5:55 pm	RNS	Director/PDMR Shareholding
19th Feb 2010	7:00 am	RNS	Cosalt Offshore wins Major Aker contract extension
5th Feb 2010	2:56 pm	RNS	TR1 - Notification of Major Interest in Shares
2nd Feb 2010	7:00 am	RNS	Preliminary Results 2009
6th Jan 2010	2:53 pm	RNS	Board Changes
9th Dec 2009	7:00 am	RNS	Cosalt Wins Babcock Contract
30th Sep 2009	7:00 am	RNS	Total Voting Rights
21st Sep 2009	2:55 pm	RNS	NOTIFICATION OF MAJOR INTEREST IN SHARES
18th Sep 2009	7:00 am	RNS	Interim Management Statement
14th Sep 2009	11:37 am	RNS	TR-1 Notification Of Major Interest In Shares
11th Sep 2009	8:53 am	RNS	Notification of Transactions
9th Sep 2009	9:50 am	RNS	TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES
4th Sep 2009	5:02 pm	RNS	TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
3rd Sep 2009	1:22 pm	RNS	TR-1: Notifications of Major Interests in Shares
3rd Sep 2009	1:15 pm	RNS	TR1: NOTIFICATION OF MAJOR INTEREST IN SHARES
3rd Sep 2009	1:12 pm	RNS	TR1: NOTIFICATION OF MAJOR INTEREST IN SHARES
3rd Sep 2009	11:28 am	RNS	Rule 8.3- Cosalt Plc
1st Sep 2009	12:01 pm	RNS	Result of EGM
1st Sep 2009	9:31 am	RNS	EPT Disclosure
28th Aug 2009	5:11 pm	RNS	Offer period
28th Aug 2009	2:54 pm	RNS	Rule 8.3- Cosalt Plc
28th Aug 2009	9:35 am	RNS	EPT Disclosure
27th Aug 2009	9:26 am	RNS	Result of Placing and Open Offer and Firm Placing
27th Aug 2009	9:17 am	RNS	EPT Disclosure
26th Aug 2009	5:49 pm	RNS	Dealing disclosure requirements
26th Aug 2009	10:25 am	RNS	EPT Disclosure
25th Aug 2009	12:04 pm	BUS	Rule 8.3 - Cosalt Plc ord GBP 0.25
24th Aug 2009	9:53 am	BUS	Rule 8.3 - Cosalt Plc ord GBP 0.25
19th Aug 2009	3:23 pm	RNS	TR1 - Notification of major interests in shares
19th Aug 2009	10:10 am	RNS	EPT Disclosure
18th Aug 2009	11:12 am	RNS	EPT Disclosure
18th Aug 2009	10:21 am	RNS	Rule 8.3 - Cosalt Plc
17th Aug 2009	11:10 am	RNS	EPT Disclosure
14th Aug 2009	10:12 am	RNS	EPT Disclosure
13th Aug 2009	9:26 am	RNS	TR-1 Notification of Major Interests in Shares
13th Aug 2009	8:54 am	RNS	EPT Disclosure
12th Aug 2009	4:21 pm	RNS	Rule 8.1- Cosalt PLC
12th Aug 2009	2:11 pm	RNS	EPT Disclosure
12th Aug 2009	9:25 am	RNS	Rule 8.3- Cosalt - Amendment
11th Aug 2009	3:09 pm	RNS	Rule 8.3- Cosalt Plc - Rescind
11th Aug 2009	2:41 pm	RNS	Rule 8.3- Cosalt Plc

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