Blue Star Regulatory News (BLU)

26 February 2016

Blue Star Capital plc

("Blue Star" or the "Company")

Issue of Equity

Blue Star Capital plc, an investing company in technology and gaming delivered principally through social media and broadcast platforms, is pleased to announce that it has conditionally raised £20,000 before expenses by way of a direct subscription with the Company of 16,000,000 new ordinary shares of 0.1p each ("Ordinary Shares") at an issue price of 0.125p per share (the "Subscription Shares") (the "Subscription"). 

It is intended that the proceeds of the Subscription will be used to provide working capital for the Company while the Directors continue to seek investments which have the potential to deliver significant shareholder value. The Board continues to manage the Company and monitor its existing investments whilst keeping the day to day running costs under strict control. As previously announced, the Directors' salaries are currently being accrued until such a time as a more significant fundraise is deemed appropriate and there is a meaningful update in relation to the Company's current portfolio or new investment opportunities.

Completion of the Subscription is conditional on admission of the Subscription Shares to trading on AIM ("Admission"). Application will be made for the Subscription Shares to be admitted to trading on AIM and it is expected that Admission will take place on or around 3 March 2016.

Following Admission, the Company will have 500,162,623 Ordinary Shares in issue. The Company does not hold any Ordinary Shares in treasury. The total number of Ordinary Shares in the Company with voting rights will therefore be 500,162,623.

The above figure may be used by shareholders in Blue Star Capital as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.