25 May 2016 07:00
Blue Star Capital plc
("Blue Star" or the "Company")
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Disposal of Investment in Vigilant Applications Limited
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Blue Star Capital plc, an investing company in technology and gaming, is pleased to announce that it has disposed of its 4.9% holding in Vigilant Applications Limited ("Vigilant Applications" or "VA") to AA Management for a total consideration of £220,000 (the "Disposal").
Blue Star's investment in VA arose in 2012 following the acquisition by VA of the business and assets of Overtis Group Limited ("Overtis"), a company to which Blue Star had originally made a secured loan of £150,000.
The consideration received for the Disposal is in line with the carrying value of VA as at 30 September 2015 of £220,445. The net consideration of £200,000 has been received in full.
The Board continue to monitor a number of investment and corporate opportunities.
Enquiries:
Blue Star Capital plc | Â |
Graham Parr, Chairman | +44 778 891 6111 |
Tony Fabrizi, Chief Executive | +44 777 178 2434 |
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Cairn Financial Advisers LLP | +44 20 7148 7900 |
Nomad and Broker | Â |
Emma Earl/Jo Turner | Â |
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