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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
18th Sep 2008	7:00 am	RNS	Interim Management Statement
27th Aug 2008	2:22 pm	RNS	Director/PDMR Shareholding
30th Jul 2008	7:00 am	RNS	Completion of Acquisition
24th Jul 2008	1:26 pm	RNS	Director/PDMR Shareholding
22nd Jul 2008	7:00 am	RNS	Director/PDMR Shareholding
18th Jul 2008	1:58 pm	RNS	Director's Dealings
17th Jul 2008	1:57 pm	RNS	Holding(s) in Company
14th Jul 2008	7:00 am	RNS	Placing
30th Jun 2008	12:42 pm	RNS	Interim Dividend
26th Jun 2008	7:00 am	RNS	Interim Results
19th May 2008	7:04 am	RNS	Appointment of Chief Executiv
14th May 2008	7:00 am	RNS	Disposal and Acquisition
14th Apr 2008	7:00 am	RNS	Change of Adviser
27th Mar 2008	2:16 pm	RNS	Total Voting Rights
27th Mar 2008	2:08 pm	RNS	Annual Information Update
26th Mar 2008	7:45 am	RNS	Re Directorate
20th Mar 2008	1:01 pm	RNS	Director's Dealings
20th Mar 2008	9:00 am	RNS	Result of AGM
19th Mar 2008	7:00 am	RNS	Interim Management Statement
20th Feb 2008	4:26 pm	RNS	Director/PDMR Shareholding
30th Jan 2008	7:01 am	RNS	Final Results
12th Dec 2007	10:56 am	RNS	Total Voting Rights
20th Nov 2007	1:41 pm	RNS	Director/PDMR Shareholding
20th Nov 2007	1:40 pm	RNS	Holding(s) in Company
1st Nov 2007	12:30 pm	RNS	Director/PDMR Shareholding
30th Oct 2007	7:01 am	RNS	Appointment of Joint Broker
17th Oct 2007	4:04 pm	RNS	Holding(s) in Company
17th Oct 2007	3:49 pm	RNS	Holding(s) in Company
17th Oct 2007	3:47 pm	RNS	Holding(s) in Company
17th Oct 2007	2:09 pm	RNS	Director/PDMR Shareholding
17th Oct 2007	2:00 pm	RNS	Director/PDMR Shareholding
17th Oct 2007	1:54 pm	RNS	Total Voting Rights
15th Oct 2007	11:14 am	RNS	Director/PDMR Shareholding
12th Oct 2007	4:35 pm	RNS	Completion of Acquisition
12th Oct 2007	3:33 pm	RNS	Completion of Disposal
11th Oct 2007	12:14 pm	RNS	Result of EGM
11th Oct 2007	11:03 am	RNS	Result of EGM
9th Oct 2007	4:12 pm	RNS	Placing & Open Offer Results
1st Oct 2007	12:57 pm	RNS	Director/PDMR Shareholding
18th Sep 2007	7:01 am	RNS	Notice of EGM
14th Sep 2007	1:08 pm	RNS	Director/PDMR Shareholding
13th Sep 2007	7:02 am	RNS	Acquisition
12th Jul 2007	4:35 pm	RNS	Director/PDMR Shareholding
3rd Jul 2007	7:01 am	RNS	Acquisition
3rd Jul 2007	7:01 am	RNS	Interim Results
23rd May 2007	2:21 pm	RNS	Holding(s) in Company
3rd May 2007	9:17 am	RNS	Director/PDMR Shareholding
20th Apr 2007	4:09 pm	RNS	Director/PDMR Shareholding
19th Apr 2007	3:00 pm	RNS	Total Voting Rights
17th Apr 2007	12:58 pm	RNS	Director/PDMR Shareholding

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