Blue Star Capital plc Result of General Meeting and Directorate Changes (5076S)
November 06 2019 - 6:25AM
UK Regulatory
TIDMBLU
RNS Number : 5076S
Blue Star Capital plc
06 November 2019
6 November 2019
Blue Star Capital plc
("Blue Star" or the "Company")
Result of General Meeting and Directorate Changes
Blue Star Capital plc (AIM: BLU), the investing company with a
focus on technology and its applications within media and gaming,
announces that, at the general meeting held earlier today ("General
Meeting"), all resolutions were duly passed. As a result, the
Company will proceed to complete the Second Placing, as announced
on 16 October 2019.
The Company further announces the appointment of Derek Lew to
the Board who joins as Chairman of the Board, replacing William
Henbury who retires with immediate effect. The Board wishes to
thank Mr Henbury for his service to the Company and wishes him well
with his future endeavours.
Conclusion of the Conditional Placing and Investment in Esports
Companies
Following the passing of the resolutions at the General Meeting,
the Company will proceed to complete the Second Placing, grant the
warrants and conclude three further investments in esports
companies pursuant to the terms of the Investment Agreement as
detailed in the Company's circular of 16 October 2019.
The Company has today issued 450,000,000 new ordinary shares at
a price of 0.1 pence per share raising GBP450,000 before expenses
("Second Placing Shares"). With the proceeds, the Company will
subscribe for ordinary shares in the share capitals of each of The
Cubs Esports PTY Ltd and The Drops Esports Inc for an aggregate
subscription price of c.GBP300,000 and will subscribe for $185,000
(USD) convertible loan notes created and issued by The Dibs Esports
Corp, conditional upon admission of the Second Placing Shares.
Application will shortly be made to the London Stock Exchange
for the Second Placing Shares to be admitted to trading on AIM. The
Second Placing Shares will, when issued, rank pari passu in all
respects with the existing ordinary shares, including the right to
receive all dividends and other distributions declared, made or
paid following admission. It is anticipated that the Second Placing
Shares will be admitted to trading on AIM at 8.00 a.m. on or around
12 November 2019.
Total Voting Rights
Following the issue of the Second Placing Shares, the Company
will have 3,142,582,852 Ordinary Shares issue. There are no
Ordinary Shares held in treasury. The figure of 3,142,582,852 may
be used by the Company's 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
Company under the Financial Conduct Authority's Disclosure Guidance
and Transparency Rules.
Appointment of Franklin Derek Lew
The Company is pleased to advise that Derek Lew has been
appointed, with immediate effect, as Chairman of the Board.
Derek has advised, started and invested in technology companies
for over 20 years. An active member of the technology community in
Vancouver, he is President and CEO of venture capital fund manager
GrowthWorks Capital Ltd and past-Chair of Innovate BC (formerly the
British Columbia Innovation Council), the Crown Agency of the
Province of British Columbia mandated to accelerate technology
commercialisation. Derek is a Partner with Initio Group, a
Vancouver, BC-based early-stage angel investment firm.
Derek started his technology career as a lawyer, advising both
technology companies and investors in all areas, including life
sciences, ITC and e-commerce.
Derek holds a Bachelor of Arts from the University of British
Columbia and a Bachelor of Laws from the University of Alberta.
The following additional information is provided in accordance
with paragraph (g) of Schedule Two to the AIM Rules for
Companies:
Franklin Derek Lew (aged 50) is currently or has been a director
of the following companies within the previous five years:
Current directorships/partnerships Past directorships/partnerships
676408 Alberta Inc 0844962 B.C. Ltd
Aether Catalyst Solutions 464971 B.C. Ltd
Inc
Bookyourdentist.com Corporation British Columbia Innovation
Council
California One Pizza Ventures Canadian Future Tel Communications
Inc Ltd
California Pizza Group Inc Harvest Travel Agency Limited
California Two Pizza Ventures Working Opportunity Fund (EVCC)
Inc Limited
Caprice Business Development
Canada Inc
Conation Capital Corp
DFJ Capital Inc
Dicken's Christmas Fair Ltd
FJL Housing Society
Frank & Joan Lew Charitable
Trust
Gatineau Holdings Ltd
GBIF I General Partner Inc
Growth Works Capital Ltd
Initio Capital Group Inc
Initio Capital II GP Corp
Joder Management Services
Ltd
Lilac Ventures Ltd
Mobio Technologies Inc
OHJI Holdings Ltd
P.T. Hero Enterprises Inc
Pacifica First Management
Plank Ventures Limited
Rosedale Enterprises Ltd
Scarlet Systems Incorporated
Following the issue of the Second Placing Shares, Derek Lew will
hold 100,000,000 ordinary shares in the Company which represents
3.18 per cent of the issued share capital.
There is no further information to be disclosed in relation to
AIM Rule 17 or paragraph (g) of Schedule Two of the AIM Rules for
Companies.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information please contact:
Blue Star Capital plc +44 (0) 777 178 2434
Tony Fabrizi
Cairn Financial Advisers
LLP +44 (0) 20 7213 0880
(Nominated Adviser)
Jo Turner / Liam Murray
Smaller Company Capital
Limited +44 (0) 203 651 2911
(Broker)
Rupert Williams/Jeremy
Woodgate
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END
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