16th Jan 2007 07:01
Cosalt PLC16 January 2007 Cosalt plc("Cosalt" or the "Group") Retention of Banner Since Cosalt announced the possible sale of Banner, the new management team hasre-appraised its activities and set in train a number of improvements. Theseimprovements include better overseas procurement and logistics, a morepro-active sales approach, better internal planning and teamwork, and analtogether more active customer focussed operation. In light of this, and the receipt of offers that did not reflect a fair valuefor the improved business, Cosalt has decided to retain Banner and is confidentthat this improvement will translate into stronger financial results. 16 January 2007 Enquiries: Cosalt plc Tel: 01472 504504Per JonssonNeil Carrick College Hill Tel: 020 7457 2020Matthew Gregorowski This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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