TIDMCHC

RNS Number : 0334Y

Charles Street Capital PLC

15 December 2010

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

15 December 2010

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

Exercise of warrants and issue of equity

Charles Street Capital plc, the AIM listed natural resources investment company, announces that on 15 December 2010, Marco Longo exercised warrants to acquire 5,000,000 ordinary shares 0.1p each in the Company (the "Warrant Shares").

These warrants were issued pursuant to a warrant instrument dated 29 June 2010 issued by the Company (the "Warrant Instrument"). The exercise price for the Warrant Shares is 0.25p per Warrant Share and the aggregate subscription price for the Warrant Shares has been received by the Company. Pursuant to the terms of the Warrant Instrument, Marco Lungo no longer has any outstanding warrants to subscribe for ordinary shares of 0.1p each in the Company (the "Ordinary Shares").

Application will be made for the Warrant Shares, which will rank pari passu with the Company's existing Ordinary Shares in issue, to be admitted to trading on AIM. It is expected that admission will be effective and that dealings in the Warrant Shares will commence on 21 December 2010.

Following the issue of the Warrant Shares, the enlarged issued share capital of the Company will be 1,048,148,027 Ordinary Shares. The above 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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