BWA Group Plc

October 08, 2010 06:33 ET

Part Disposal of Investment

                                                 BWA Group Plc
                                           ("BWA" or the "Company")
                                          Part Disposal of Investment

On  1  July  2010, the Directors of BWA announced that the Company had participated in a placing  by  acquiring
15,000,000  ordinary shares in Charles Street Capital plc ("Charles Street") at 0.1p per ordinary share  for  a
total consideration of £15,000.

The  Directors are pleased to announce that following a rise in the share price, BWA has disposed of 11,000,000
ordinary  shares in Charles Street at an average price of 0.33 pence per share raising £36,382 for the Company.
BWA is still interested in 4,000,000 ordinary shares in Charles Street and also holds warrants to subscribe for
a further 7,500,000 ordinary shares in Charles Street at a price of 0.25 pence per share.

The Directors of BWA Group Plc are responsible for the contents of this announcement.

For further information please contact:

BWA Group Plc
Richard Battersby (Chairman)                                       07836 238172

St Helens Capital Partners LLP
Mark Anwyl or Duncan Vasey                                         020 7368 6959

Contact Information

  • BWA Group Plc