LONDON, Feb 15 (Reuters) - Cosalt PLC:

* Requested RBS and HSBC Bank to appoint administrators to the company

* Have been unable to identify any alternative source of funding

* Administrators will seek to sell the company's assets, including the shares

in Cosalt Offshore and Cosalt Workwear

* No employees,customers or suppliers to be materially affected and trading

units should continue to trade as usual

* Source text

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