Sthaler news from Vox6 Dec 2021 10:45
Snippet from Vox - Blue has a >1% shareholding
The London-listed investment firm
Blue Star Capital
(BLU
) said its portfolio firm, Sthaler Limited, has appointed Dermot F. Smurfit as Chairman of the Group and Archie Norman as a new advisor.
βThese are hugely experienced and respected individuals who will, I have no doubt, bring great value to the business. We are delighted that they have agreed to accept these roles in what remains an early stage, high growth company,β the portfolio group told shareholders.
It said new Chairman, Dermot Smurfit, will bring with him to the role βa rich experience in how to look at and help shape a business, and to simplify and overcome the challenges ahead.β
The Company has now signed a partnership agreement with Hong Kong based gaming market experts Dynamic Partners International (DPI) βwho recognise the potential for the FinGo ID with age verification for gaming in casinos and related markets including lottery.β
It said DPI will take responsibility for selling FinGo to this global market from 1 January 2022.
The Group acknowledged that more investment is needed to enable it to grow. Therefore, it is initiating an investment round to secure at least Β£4.5m at a pre-money valuation of Β£55m.