Correction re Exercise of warrants (1438Y)

TIDMCHC

RNS Number : 1438Y

Charles Street Capital PLC

16 December 2010

Charles Street Capital plc / EPIC: CHC / Market: AIM

16 December 2010

Charles Street Capital plc ('Charles Street' or the 'Company')

Correction re Exercise of warrants and issue of equity

Further to the announcement by Charles Street on 15 December 2010 regarding the exercise of 5,000,000 warrants by Marco Longo, the Company are not able to have the 5,000,000 new ordinary shares (the "Warrant Shares") admitted to trading on AIM whilst the Company's shares are suspended. Therefore the Warrant Shares will not be admitted until Charles Street have completed a reverse takeover and the Company's entire issued ordinary share capital has been readmitted to trading on AIM.

Charles Street's issued share capital will therefore remain as 1,043,148 027 ordinary shares. this figure may be used by shareholders 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, the share capital of the Company under the Disclosure and Transparency Rules.

**ENDS**

 
 For further information on the Company visit www.charlesstreetplc.com 
  or contact: 
 
 Nicholas Lee          Charles Street Capital         Tel: 0203 006 0260 
                        plc 
 Damian Conboy         Charles Street Capital         Tel: 0203 006 0260 
                        plc 
 Nick Naylor           Allenby Capital Limited        Tel: 0203 328 5656 
 Alex Price            Allenby Capital Limited        Tel: 0203 328 5656 
 Hugo de Salis         St Brides Media & Finance      Tel: 020 7236 1177 
                        Ltd 
 Elisabeth Cowell      St Brides Media & Finance      Tel: 020 7236 1177 
                        Ltd

This information is provided by RNS

The company news service from the London Stock Exchange

END

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