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Ross buys 74m Cosalt shares

Friday, 16th December 2011
Cosalt chairman David Ross has acquired 74,032,710 shares - 18.31% of the total - from a single shareholder.

Ross is is deemed to be acting in concert with his 100%-owned Oval which has made an offer for Cosalt.

Ross's purchase triggers a mandatory cash offer under rule 9 of the code.

At market close: (LON:CSLT) Cosalt share price was +0.03p at 0.2p

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