Last checked at 29 Jun 2015 07:00
29 June 2015
Blue Star Capital plc
("Blue Star" or the "Company")
New investment
Blue Star is pleased to announce that it has made an investment in Sthaler Limited ("Sthaler"). Sthaler is an early stage identity and payments technology business which enables a consumer to identify themselves and pay using just their finger at retail points of sale. The board believes that the Company's investment in Sthaler represents an excellent opportunity to create value for the Company's shareholders.
The Company has invested £50,000 in Sthaler, in return for 1.45 per cent. of the issued share capital of Sthaler, as part of a £450,000 round of investment by Sthaler. Under the terms of the Company's investment, Blue Star has the ability to invest up to an additional £300,000 in Sthaler. The terms of this investment would need to be agreed with Sthaler.
Investment in Sthaler
Sthaler is a UK based technology business that has jointly developed Fingopay in conjunction with Hitachi. Fingopay uses a unique finger vein ID process which is considered to be more secure than finger print readers and faster than chip and pin operations. The technology is widely adopted in Japan and it is Sthaler's aim to commercialise the technology in the area of payments globally.
Graham Parr, Chairman of Blue Star, commented:
"We are excited by Sthaler and believe it has the potential to play an important part in the payments world. We look forward to working with Sthaler's management to maximise its potential."
Enquiries: Blue Star Capital plc Graham Parr, Chairman Tony Fabrizi, Chief Executive
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+44 778 891 6111 +44 777 178 2434 |
Cairn Financial Advisers LLP Nomad and Broker Emma Earl/Jo Turner
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