Issue of Equity
May 25 2010 - 10:37AM
UK Regulatory
TIDMCHC
RNS Number : 5195M
Charles Street Capital PLC
25 May 2010
CHARLES STREET CAPITAL PLC
("Charles Street Capital" or the "Company")
Conversion of loan notes and issue of equity
Charles Street Capital is pleased to announce the conversion of certain loan
notes and related issue of equity.
The loan note instrument ("Notes") dated 24 March 2010 for GBP115,000 has today
been satisfied and redeemed in full. In consideration of the redemption of the
Notes, the Company has issued and allotted 128,800,000 ordinary shares (the
"Conversion Shares") to the holders of the Notes in proportion to their
respective holdings in the Notes.
The Conversion Shares will rank pari passu in all respects with the Company's
existing ordinary shares and application will be made to the London Stock
Exchange for these new ordinary shares to be admitted to trading on AIM.
Admission is expected to become effective and dealings in the Conversion Shares
are expected to commence on 2 June 2010.
Following the allotment and issuance of the Conversion Shares the Company has
487,682,652 ordinary shares of 0.1 pence each in issue with voting rights. The
Company does not hold any ordinary shares in treasury.
The aforementioned figure of 487,682,652 ordinary shares may be used by
shareholders in the Company as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change to their interest in, Charles Street Capital under the FSA's Disclosure
and Transparency Rules.
For further information please contact:
Nicholas Lee
Non-Executive Chairman
Charles Street Capital Plc
+ 44 (0) 207 467 1700
Dominique Doussot/John Depasquale
ZAI Corporate Finance
+ 44 (0)207 060 2220
This information is provided by RNS
The company news service from the London Stock Exchange
END
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