Blue Star Capital plc Exercise of Warrants and Director's Dealing (5429X)
May 05 2021 - 1:00AM
UK Regulatory
TIDMBLU
RNS Number : 5429X
Blue Star Capital plc
05 May 2021
5 May 2021
Blue Star Capital plc
("Blue Star" or the "Company")
Exercise of Warrants, Issue of Equity and Director's Dealing
Blue Star Capital plc (AIM: BLU), the investing company with a
focus on esports, technology and its applications within media and
gaming, announces that it has today allotted 79,444,445 new
ordinary shares of 0.1 pence each in the Company as a result of an
exercise of warrants and the conversion of amounts due into
ordinary shares.
Further to the announcement of 16 April 2021, Derek Lew, a
Director of the Company, exercised warrants over 45,000,000 new
ordinary shares at an exercise price of 0.175 pence on 4 May 2021.
The exercise of warrants provides the Company with proceeds of
GBP78,750.
The Company has further issued 34,444,445 new ordinary shares at
0.18 pence per share, being the closing mid-market price on 4 May
2021, in satisfaction of total outstanding amounts of GBP62,000 due
to Derek Lew, in respect of accrued director's remuneration, and to
a service provider.
Application will be made to the London Stock Exchange to admit
the new ordinary shares to trading on AIM ("Admission"). Admission
of the new ordinary shares, which will rank pari passu with the
existing ordinary shares, is expected to occur on or around 10 May
2021.
Following this exercise of warrants and the conversion of his
outstanding remuneration, Derek Lew has invested a further
GBP128,750 in the Company. As a result, on Admission, Derek Lew
will hold 211,527,778 ordinary shares, representing approximately
4.2 per cent. of the Company's issued share capital.
Total Voting Rights
Following Admission, the Company's issued share capital will
comprise 4,992,772,995 ordinary shares which may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the FCA's Disclosure Guidance and Transparency
Rules. The Company does not hold any shares in treasury.
This announcement contains inside information for the purposes
of the UK Market Abuse Regulation and the Directors of the Company
are responsible for the release of this announcement.
For further information, please contact:
Blue Star Capital plc +44 (0) 20 3608 3019
Derek Lew
Cairn Financial Advisers LLP +44 (0) 20 7213 0880
(Nominated Adviser)
Jo Turner / Liam Murray / Mark
Rogers
S tanford Capital Partners Limited
(Broker)
Patrick Claridge / John Howes /
Bob Pountney +44 (0) 20 3815 8880
About Blue Star Capital
Blue Star is an investing company with a focus on new
technologies. Blue Star's investments include a 27.7% holding in
SatoshiPay, a payments business using blockchain technology;
investments in 6 early stage esports companies with shareholdings
ranging from 6% to 13.6% and a 0.9% investment in Sthaler, an
identity and payments technology business which enables a consumer
to identify themselves and pay using just their finger.
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 Derek Lew
----------------------------------------------------------------
2 Reason for notification
-------------------------- ----------------------------------------------------------------
a. Position/Status Director
-------------------------- ----------------------------------------------------------------
b. Initial notification/ Initial
Amendment
-------------------------- ----------------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------------
a. Name Blue Star Capital plc
--------------------------
b. LEI 213800Y6XGR31P2LKT12
-------------------------- ----------------------------------------------------------------
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 of Ordinary Shares
the financial
instrument, type GB00B02SSZ25
of instrument
Identification
Code
-------------------------- ----------------------------------------------------------------
b. Nature of the Exercise of Warrants and conversion of remuneration
transaction into shares
-------------------------- ----------------------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
-------------------------- ------------------ ----------------------
a) 0.175p 45,000,000
b) 0.18p 27,777,778
-------------------------------------------------------- --------------
d. Aggregated information
- Aggregated Volume 72,777,778
- Price 0.177p
-------------------------- ----------------------------------------------------------------------
e. Date of the transaction 4/05/2021
-------------------------- ----------------------------------------------------------------
f. Place of the transaction UK
-------------------------- ----------------------------------------------------------------
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END
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