Last checked at 21 Jul 2017 12:04
Blue Star Capital plc
("Blue Star" or the "Company")
Result of General Meeting
Grant of Director Warrants
Blue Star Capital plc (AIM: BLU), the investing company with a focus on new technologies, announces that further to the Company's announcement on 4 July 2017 ("Announcement"), all resolutions at the General Meeting held today were passed ("Resolutions"). Unless otherwise defined herein, capitalised terms used hereunder shall have the same meanings as those defined in the Announcement.
The Resolutions included, inter alia, approval to issue 325,000,000 Placing Shares to raise gross proceeds of £650,000 which will be used together with the Company's existing cash resources to satisfy the consideration payable for the Acquisition which will increase the Company's holding in SatoshiPay to approximately 31.1 per cent. Completion of the Placing remains conditional on receipt of Placing funds and Admission, which is now expected to occur on 27 July 2017.
The SPA in respect of the Acquisition remains conditions upon Admission of the Placing Shares to trading on AIM, such that completion of the Acquisition is expected to occur shortly after 27 July 2017. A further announcement will be made to confirm completion of the Acquisition.
Following the passing of the Resolutions, Anthony Fabrizi, the Company's CEO has been granted warrants over 25 million Ordinary Shares, as set out in the Announcement.
Total Voting Rights update
The issued share capital of the Company as at today is 1,377,900,312 ordinary shares. This number replaces the previously stated issued share capital of 1,377,900,313 ordinary shares which was incorrectly stated due to an administrative error.
In the event of Admission occurring, the Company's enlarged issued share capital will comprise 1,702,900,312 ordinary shares.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 ("MAR").
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a. | Name | Anthony Fabrizi
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2 | Reason for notification |
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a. | Position/Status | CEO | ||||||
b. | Initial notification/ Amendment | Initial Notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a. | Name | Blue Star Capital Plc | ||||||
b. | LEI | |||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
a. | Description of the financial instrument, type of instrumentIdentification Code | Ordinary Shares of 0.1p each GB00B02SSZ25 | ||||||
b. | Nature of the transaction | Grant of Warrants with an exercise price of 0.25 pence | ||||||
c. | Price(s) and volume(s) | |||||||
Price(s) | Volume(s) | |||||||
n/a | 25,000,000 | |||||||
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d. | Aggregated information
- Aggregated Volume
- Price |
25,000,000 warrants | ||||||
e. | Date of the transaction | 21 July 2017 | ||||||
f. | Place of the transaction | LONDON (AIM Market) | ||||||
For further information, please contact:
Blue Star Capital plc
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Tony Fabrizi | +44 (0) 777 178 2434 |
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Cairn Financial Advisers LLP | +44 (0) 20 7213 0880 |
(Nominated Adviser) |
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Emma Earl/Jo Turner |
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Smaller Company Capital Limited | +44 (0) 203 651 2911 |
(Broker) Rupert Williams/Jeremy Woodgate
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About Blue Star Capital Plc
Blue Star is an investing company with a on new technologies. Blue Star's investments include a 19% holding in SatoshiPay, a nanopayment software and blockchain company; a holding in Disruptive Tech Limited, an investing company with five investments including a 38% holding in VNU Group LLC ("VNU") a speciality online direct retailer of premium goods paid for through an instant credit facility and a holding in Nektan PL; and an investment in Sthaler, 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.
About SatoshiPay Ltd
SatoshiPay is headquartered in London with development led through its office in Berlin. Angel funding for SatoshiPay Ltd was supplied by Axel Springer Plug & Play and Henning Peters, seed funding was raised through publicly listed companies Coinsilium Group (ISDX:COIN) and FastForward Innovations (LON:FFWD). Development of SatoshiPay's nanopayment product started in April 2015 and its beta version was released in February 2016. Find updated information at the company's website https://satoshipay.io, its blog https://medium.com/@SatoshiPay and Twitter @SatoshiPay.