Blue Star Capital plc Completion of Placing and Appointment of Broker (6382U)
January 19 2017 - 7:37AM
UK Regulatory
TIDMBLU
RNS Number : 6382U
Blue Star Capital plc
19 January 2017
Blue Star Capital plc
("Blue Star" or the "Company")
Completion of Placing
Issue of Equity
Appointment of Broker
Blue Star Capital plc (AIM: BLU), the investing company with a
focus on technology and its applications within media and gaming,
is pleased to announce that further to the announcements made by
the Company on 16 January 2017 in respect of a placing and a
proposed investment in SatoshiPay Ltd (the "Transaction
Announcements"), 466,666,667 Placing Shares have today been
admitted to trading on AIM, raising gross proceeds of GBP0.70
million for the Company. Following this, the Company expects
completion of its investment in SatoshiPay to occur in the week
commencing 23 January 2017. Other than where defined, capitalised
terms used in this announcement have the meaning given to them in
the Transaction Announcements.
Following admission of the Placing Shares to trading on AIM, the
Company's enlarged issued share capital comprises 966,829,290
Ordinary Shares. The Company holds zero shares in treasury
therefore the total number of Ordinary Shares in the Company with
voting rights is 966,829,290.The above figure may be used by
shareholders in Blue Star Capital 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 Financial Conduct
Authority's Disclosure and Transparency Rules.
Change of Adviser
Vicarage Capital Limited has been appointed as the Company's
sole broker with immediate effect.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014 ("MAR").
For further information, please contact:
Blue Star Capital
plc
Tony Fabrizi +44 (0) 777 178 2434
Cairn Financial Advisers
LLP +44 (0) 20 7213 0880
(Nominated Adviser)
Emma Earl/Jo Turner
Vicarage Capital Limited +44 (0) 203 651 2911
(Broker)
Rupert Williams/Jeremy
Woodgate
About Blue Star Capital Plc
Blue Star is an investing company with a focus on technology and
its applications within media and gaming. Blue Star's investments
include a holding in Disruptive Tech Limited, an investing company
with five investments including a 38% holding in VNU Group LLC
("VNU") a speciality online direct retailer of premium goods paid
for through an instant credit facility and a holding in Nektan PL;
an investment in Sthaler, an early stage identity and payments
technology business which enables a consumer to identify themselves
and pay using just their finger at retail points of sale.
About SatoshiPay Ltd
SatoshiPay is headquartered in London with development led
through its office in Berlin. Angel funding for SatoshiPay Ltd was
supplied by Axel Springer Plug & Play and Henning Peters, seed
funding was raised through publicly listed companies Coinsilium
Group (ISDX:COIN) and FastForward Innovations (LON:FFWD).
Development of SatoshiPay's nanopayment product started in April
2015 and its beta version was released in February 2016. Find
updated information at the company's website https://satoshipay.io,
its blog https://medium.com/@SatoshiPay and Twitter
@SatoshiPay.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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January 19, 2017 08:37 ET (13:37 GMT)
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