Blue Star Capital plc Result of General Meeting (7763L)
July 21 2017 - 6:04AM
UK Regulatory
TIDMBLU
RNS Number : 7763L
Blue Star Capital plc
21 July 2017
Blue Star Capital plc
("Blue Star" or the "Company")
Result of General Meeting
Grant of Director Warrants
Blue Star Capital plc (AIM: BLU), the investing company with a
focus on new technologies, announces that further to the Company's
announcement on 4 July 2017 ("Announcement"), all resolutions at
the General Meeting held today were passed ("Resolutions"). Unless
otherwise defined herein, capitalised terms used hereunder shall
have the same meanings as those defined in the Announcement.
The Resolutions included, inter alia, approval to issue
325,000,000 Placing Shares to raise gross proceeds of GBP650,000
which will be used together with the Company's existing cash
resources to satisfy the consideration payable for the Acquisition
which will increase the Company's holding in SatoshiPay to
approximately 31.1 per cent. Completion of the Placing remains
conditional on receipt of Placing funds and Admission, which is now
expected to occur on 27 July 2017.
The SPA in respect of the Acquisition remains conditions upon
Admission of the Placing Shares to trading on AIM, such that
completion of the Acquisition is expected to occur shortly after 27
July 2017. A further announcement will be made to confirm
completion of the Acquisition.
Following the passing of the Resolutions, Anthony Fabrizi, the
Company's CEO has been granted warrants over 25 million Ordinary
Shares, as set out in the Announcement.
Total Voting Rights update
The issued share capital of the Company as at today is
1,377,900,312 ordinary shares. This number replaces the previously
stated issued share capital of 1,377,900,313 ordinary shares which
was incorrectly stated due to an administrative error.
In the event of Admission occurring, the Company's enlarged
issued share capital will comprise 1,702,900,312 ordinary
shares.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014 ("MAR").
The notification set out below is provided in accordance with
the requirements of the EU Market Abuse Regulation.
Notification of a Transaction pursuant to Article
19(1) of Regulation (EU) No. 596/2014
-------------------------------------------------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
----- ------------------------------------------------------------------------
a. Name Anthony Fabrizi
------------------------------------------
2 Reason for
notification
----- ---------------------------- ------------------------------------------
a. Position/Status CEO
----- ---------------------------- ------------------------------------------
b. Initial notification/ Initial Notification
Amendment
----- ---------------------------- ------------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
------------------------------------------------------------------------
a. Name Blue Star Capital Plc
----- ---------------------------- ------------------------------------------
b. LEI
----- ---------------------------- ------------------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
----- ------------------------------------------------------------------------
a. Description Ordinary Shares of 0.1p each
of the financial
instrument,
type of instrument
GB00B02SSZ25
Identification
Code
----- ---------------------------- ------------------------------------------
b. Nature of the Grant of Warrants with an exercise
transaction price of 0.25 pence
----- ---------------------------- ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
----- ---------------------------- ----------------- -------------------
n/a 25,000,000
---------------------------------------------------- -------------------
d. Aggregated
information 25,000,000 warrants
- Aggregated
Volume
- Price
----- ---------------------------- ------------------------------------------
e. Date of the 21 July 2017
transaction
----- ---------------------------- ------------------------------------------
f. Place of the LONDON (AIM Market)
transaction
----- ---------------------------- ------------------------------------------
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
Smaller Company 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 on new technologies.
Blue Star's investments include a 19% holding in SatoshiPay, a
nanopayment software and blockchain company; 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; and 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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