Blue Star Capital plc Grant of Warrants (1680O)
January 30 2023 - 1:00AM
UK Regulatory
TIDMBLU
RNS Number : 1680O
Blue Star Capital plc
30 January 2023
30 January 2023
Blue Star Capital plc
("Blue Star" or the "Company")
Grant of Warrants
Blue Star Capital plc (AIM: BLU), the investing company with a
focus on esports, payments, technology and its applications within
media and gaming, announces that, to incentivise and reward
management performance in line with the strategy announced on 28
September 2022, it has granted warrants ("Warrants") to directors
as follows:
Option holder Number of Exercise price Warrants granted
Warrants granted (p) as percentage
of issued share
capital on
date of grant
Anthony Fabrizi 140,000,000 0.35p 2.8%
30,000,000 0.45p 0.6%
Brian Rowbotham 40,000,000 0.35p 0.8%
10,000,000 0.45p 0.2%
Sean King 20,000,000 0.35p 0.4%
10,000,000 0.45p 0.2%
------------------ --------------- -----------------
Total 250,000,000 5.0%
------------------ --------------- -----------------
The Warrants have an exercise period of 3 year and the exercise
prices of 0.35p and 0.45p represent premiums to the closing
mid-market price of the Company's Ordinary Shares on 27 January
2023 of approximately 50 per cent. and 90 per cent. respectively.
The Warrants are not subject to any other performance criteria.
The current issued share capital of the Company comprises
4,992,772,995 ordinary shares.
Tony Fabrizi, CEO of Blue Star Capital said that: "As previously
notified, following the portfolio review and accompanying cost
cutting, the Company sought to put in place a management incentive
scheme. The terms of the warrants are consistent with the terms
indicated in the review and are exercisable at significant premia
compared to the Company's average share price over the preceding 6
months. The Board has discussed the terms of the warrants with the
major shareholders and they are supportive of the incentive they
provide."
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014, as retained as part of
the law of England and Wales.
For more information please contact:
Blue Star Capital plc +44 (0) 777 178 2434
Tony Fabrizi, Executive Chairman
Cairn Financial Advisers LLP,
(Nomad) +44 20 7213 0880
Jo Turner / Liam Murray
About Blue Star
Blue Star is an investing company with a focus on new
technologies. Blue Star's principal investments include SatoshiPay
Limited, a payments business using blockchain technology; a number
of early-stage to mid-level esports companies, including Guild
eSports plc, a global esports business headquartered in London
whose lead investor is David Beckham and Dynasty Gaming & Media
Pte. Ltd., whose B2B white label platform is a full-stack gaming
ecosystem; and Sthaler Limited, 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 1. Anthony Fabrizi
2. Brian Rowbotham
3. Sean King
---------------------------------------------
2 Reason for notification
-------------------------------- ---------------------------------------------
a. Position/Status 1. Executive Chairman
2. Non-executive Director
3. Non-executive 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 Warrants over ordinary shares
the financial
instrument, type GB00B02SSZ25
of instrument
Identification
Code
-------------------------------- ---------------------------------------------
b. Nature of the Grant of warrants
transaction
-------------------------------- ---------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
-------------------------------- --------------------------
1. 0.35p 140,000,000
0.45p 30,000,000
2. 0.35p 40,000,000
0.45p 10,000,000
3. 0.35p 20,000,000
0.45p 10,000,000
----------------------------------------------------------------- -------------
d. Aggregated information
- Aggregated Volume 250,000,000
- Price 0.37p
-------------------------------- ---------------------------------------------------
e. Date of the transaction 27/1/2023
-------------------------------- ---------------------------------------------
f. Place of the transaction UK
-------------------------------- ---------------------------------------------
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END
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