Blue Star Regulatory News (BLU)

16 Mar 2005 07:01

Blue Star Capital plc16 March 2005 For immediate release 16 March 2005 BLUE STAR CAPITAL PLC ("Blue Star" or "the Company") Investment in Gasol plc Blue Star Capital plc (AIM: BLU), the company created to provide seed capitalfor early stage companies, is pleased to announce it has taken a 34.01 per centstake in Gasol plc ("Gasol"), a company that today begins trading on the AIMmarket of the London Stock Exchange. Blue Star led the formation of Gasol (AIM: GAS), a newly formed company seekingacquisitions and investment opportunities in the oil and gas sectors. Blue Starhas invested £300,000 in Gasol, in return for 34.01 per cent of the company'sshares. Nigel Robertson, Blue Star Capital's Chairman, said: "Gasol is the latestcompany that we have successfully formed and floated at Blue Star, and one thattakes us into the attractive oil and gas sectors. I am particularly delighted bythe quality of the shareholder base we have attracted to Gasol, includingArtemis Investment Management as a key investor." For further information: Blue Star Capital plc Tel: 020 7070 7283 Nigel Robertson, ChairmanHaresh Kanabar, Chief Executive Durlacher Limited Tel: 020 7459 3600 Jonathan RetterKatherine Roe Buchanan Communications Tel: 020 7466 5000 Mark CourtElly Williamson Notes for editors About Blue Star Capital plc Blue Star Capital plc was formed in 2004 as a vehicle to provide initial seedcapital for the development of early stage companies. Blue Star joined the AIMmarket of the London Stock Exchange, under the ticker symbol BLU, in October2004 and has since made significant investments in four newly formed companies:India Outsourcing Services plc, Black Raven Properties plc, Gordian plc andGasol plc. All of these companies have been admitted to the AIM market andunderline the Company's strategy of making investments across a variety ofsectors. Blue Star has a highly capable Board, led by Executive Chairman Nigel Robertson,with significant experience of identifying, evaluating and securing businessopportunities and of forming, funding and floating companies. Blue Star intends to achieve capital appreciation from a portfolio of quoted andunquoted investments in businesses that offer strong growth prospects and adefined timeframe to exit. This information is provided by RNS The company news service from the London Stock Exchange