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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Charles Street | LSE:CHC | London | Ordinary Share | GB00B06L6200 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.35 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Nov 2019 to Nov 2024
TIDMCHC
RNS Number : 0241C
Charles Street Capital PLC
01 March 2011
Charles Street Capital plc / EPIC: CHC / Market: AIM
1 March 2011
Charles Street Capital plc ('Charles Street' or the 'Company')
Update
Charles Street Capital plc, the AIM listed natural resources investment company, announces that the Board has decided not to pursue the proposed acquisition of Westcork Copper Mining Company Limited which was announced on 13 December 2010. Following further evaluation, the Board believes that the proposed acquisition would not be a suitable investment opportunity for the Company at the present time. The Board is committed to the Company's strategy to acquire or invest in projects and assets in the natural resource sector and is currently reviewing several other potential opportunities suitable for investment, one of which is at an advanced stage. The Board hopes to be in a position to provide shareholders with an update in the near future.
Shareholders should note that pursuant to Rule 15 of the AIM Rules for Companies (the 'AIM Rules') the Company's shares will remain suspended from trading until the Company undertakes a reverse takeover under Rule 14 of the AIM Rules or otherwise implements its investment policy. In the event that this does not place by 10 June 2011 then trading of the Company's shares on AIM will be cancelled.
**ENDS**
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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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