23rd Jan 2009 16:34
COSALT PLC
23 January 2009
1. Name of the issuer
COSALT PLC
2. Nature of notification
Notification of transactions of Directors/Persons discharging managerial responsibility and connected persons
3. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
25P ORDINARY SHARES
4. Holding
2,907,953 representing 11.01% of the company
5. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
VIDACOS NOMINEES LIMITED - 2,907,953 SHARES ON BEHALF OF HANOVER I MASTER FUND LP
6. Notification
"Hanover I Master Fund LP ("HMF") has, as a connected person of Matthew Peacock, a director of Cosalt, previously notified its interest in 2,907,953 25P ORDINARY SHARES (the "Shares") of the Company. HMF hereby gives further notice that, in line with standard market practice, 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 of 9 January 2009 relating to the disclosure obligations of persons discharging managerial responsibilities and their connected persons who grant security over their shareholdings in an issuer."
7. Date issuer informed of transaction
23 January 2009
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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Cosalt 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 making
Notification
Neil Carrick - Company Secretary
Date of notification
23 January 2009
Related Shares:
CSLT.L