The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBlue Star Regulatory News (BLU)

Share Price Information for Blue Star (BLU)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.0325
Bid: 0.03
Ask: 0.035
Change: 0.0025 (8.33%)
Spread: 0.005 (16.667%)
Open: 0.03
High: 0.0325
Low: 0.03
Prev. Close: 0.03
BLU Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Result of General Meeting and Directorate Changes

6 Nov 2019 12:25

RNS Number : 5076S
Blue Star Capital plc
06 November 2019
 

 

6 November 2019

 

Blue Star Capital plc

("Blue Star" or the "Company")

 

Result of General Meeting and Directorate Changes

 

Blue Star Capital plc (AIM: BLU), the investing company with a focus on technology and its applications within media and gaming, announces that, at the general meeting held earlier today ("General Meeting"), all resolutions were duly passed. As a result, the Company will proceed to complete the Second Placing, as announced on 16 October 2019.

 

The Company further announces the appointment of Derek Lew to the Board who joins as Chairman of the Board, replacing William Henbury who retires with immediate effect. The Board wishes to thank Mr Henbury for his service to the Company and wishes him well with his future endeavours.

 

Conclusion of the Conditional Placing and Investment in Esports Companies

 

Following the passing of the resolutions at the General Meeting, the Company will proceed to complete the Second Placing, grant the warrants and conclude three further investments in esports companies pursuant to the terms of the Investment Agreement as detailed in the Company's circular of 16 October 2019.

 

The Company has today issued 450,000,000 new ordinary shares at a price of 0.1 pence per share raising £450,000 before expenses ("Second Placing Shares"). With the proceeds, the Company will subscribe for ordinary shares in the share capitals of each of The Cubs Esports PTY Ltd and The Drops Esports Inc for an aggregate subscription price of c.£300,000 and will subscribe for $185,000 (USD) convertible loan notes created and issued by The Dibs Esports Corp, conditional upon admission of the Second Placing Shares.

 

Application will shortly be made to the London Stock Exchange for the Second Placing Shares to be admitted to trading on AIM. The Second Placing Shares will, when issued, rank pari passu in all respects with the existing ordinary shares, including the right to receive all dividends and other distributions declared, made or paid following admission. It is anticipated that the Second Placing Shares will be admitted to trading on AIM at 8.00 a.m. on or around 12 November 2019.

 

Total Voting Rights

 

Following the issue of the Second Placing Shares, the Company will have 3,142,582,852 Ordinary Shares issue. There are no Ordinary Shares held in treasury. The figure of 3,142,582,852 may be used by the Company's shareholders 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 Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

Appointment of Franklin Derek Lew

 

The Company is pleased to advise that Derek Lew has been appointed, with immediate effect, as Chairman of the Board.

 

Derek has advised, started and invested in technology companies for over 20 years. An active member of the technology community in Vancouver, he is President and CEO of venture capital fund manager GrowthWorks Capital Ltd and past-Chair of Innovate BC (formerly the British Columbia Innovation Council), the Crown Agency of the Province of British Columbia mandated to accelerate technology commercialisation. Derek is a Partner with Initio Group, a Vancouver, BC-based early-stage angel investment firm.

 

Derek started his technology career as a lawyer, advising both technology companies and investors in all areas, including life sciences, ITC and e-commerce.

 

Derek holds a Bachelor of Arts from the University of British Columbia and a Bachelor of Laws from the University of Alberta.

 

The following additional information is provided in accordance with paragraph (g) of Schedule Two to the AIM Rules for Companies:

 

Franklin Derek Lew (aged 50) is currently or has been a director of the following companies within the previous five years:

 

Current directorships/partnerships

Past directorships/partnerships

 

676408 Alberta Inc

0844962 B.C. Ltd

Aether Catalyst Solutions Inc

464971 B.C. Ltd

Bookyourdentist.com Corporation

British Columbia Innovation Council

California One Pizza Ventures Inc

Canadian Future Tel Communications Ltd

California Pizza Group Inc

Harvest Travel Agency Limited

California Two Pizza Ventures Inc

Working Opportunity Fund (EVCC) Limited

Caprice Business Development Canada Inc

 

Conation Capital Corp

 

DFJ Capital Inc

 

Dicken's Christmas Fair Ltd

 

FJL Housing Society

 

Frank & Joan Lew Charitable Trust

 

Gatineau Holdings Ltd

 

GBIF I General Partner Inc

 

Growth Works Capital Ltd

 

Initio Capital Group Inc

 

Initio Capital II GP Corp

 

Joder Management Services Ltd

 

Lilac Ventures Ltd

 

Mobio Technologies Inc

 

OHJI Holdings Ltd

 

P.T. Hero Enterprises Inc

 

Pacifica First Management

 

Plank Ventures Limited

 

Rosedale Enterprises Ltd

 

Scarlet Systems Incorporated

 

 

Following the issue of the Second Placing Shares, Derek Lew will hold 100,000,000 ordinary shares in the Company which represents 3.18 per cent of the issued share capital.

 

There is no further information to be disclosed in relation to AIM Rule 17 or paragraph (g) of Schedule Two of the AIM Rules for Companies. 

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

For further information please contact:

 

Blue Star Capital plc

+44 (0) 777 178 2434

Tony Fabrizi

 

 

 

Cairn Financial Advisers LLP

+44 (0) 20 7213 0880

(Nominated Adviser)

 

Jo Turner / Liam Murray

 

 

 

Smaller Company Capital Limited

+44 (0) 203 651 2911

(Broker)

Rupert Williams/Jeremy Woodgate

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCBDBDBLBGBGCL
Date   Source Headline
26th Jun 202010:21 amRNSHolding(s) in Company
25th Jun 20207:00 amRNSGuild Esport Investment Update
24th Jun 20207:00 amRNSDynasty Esports Investment Update
23rd Jun 20207:00 amRNSLeaf Mobile Update
15th Jun 20209:12 amRNSHolding(s) in Company
9th Jun 20207:00 amRNSPlacing and Issue of Equity
28th May 20207:00 amRNSSatoshiPay Update
4th May 20203:17 pmRNSSubscription, Director’s Dealing and Investment
17th Apr 20205:17 pmRNSHolding(s) in Company
17th Apr 20207:00 amRNSPlacing, Director's Dealing and Investment
31st Mar 202012:25 pmRNSResult of AGM
26th Mar 20204:49 pmRNSChange of Venue for AGM and other arrangements
5th Mar 20207:00 amRNSFinal Results
19th Feb 20209:42 amRNSExercise of Warrants
3rd Feb 202010:07 amRNSUpdate on Esports Investment
27th Jan 20207:00 amRNSChange of Adviser
14th Jan 20207:00 amRNSUpdate on Esports Investment
11th Dec 20198:58 amRNSHolding(s) in Company
27th Nov 20197:00 amRNSUpdate on SatoshiPay
19th Nov 20191:52 pmRNSHolding(s) in Company
15th Nov 20194:58 pmRNSHolding(s) in Company
6th Nov 201912:25 pmRNSResult of General Meeting and Directorate Changes
16th Oct 20193:31 pmRNSPosting of Circular and Notice of General Meeting
14th Oct 20197:00 amRNSPlacing and Investments in Esports Opportunities
1st Jul 20197:00 amRNSIssue of Equity
25th Jun 20197:00 amRNSHalf-year Report
30th Apr 20194:41 pmRNSSecond Price Monitoring Extn
30th Apr 20194:36 pmRNSPrice Monitoring Extension
29th Mar 20191:13 pmRNSResult of AGM
18th Mar 20199:27 amRNSHolding(s) in Company
7th Mar 20197:00 amRNSSatoshiPay Partnership with Börsenmedien AG
5th Mar 20197:00 amRNSFinal Results
4th Mar 20197:00 amRNSSatoshiPay Fundraise
6th Feb 20197:00 amRNSSatoshiPay Fundraise and Conversion of Loan Notes
4th Feb 201910:15 amRNSHolding(s) in Company
31st Jan 20198:00 amRNSSatoshiPay partnership with Axel Springer SE
29th Jan 20198:01 amRNSHolding(s) in Company
24th Jan 20197:30 amRNSRestoration - Blue Star Capital Plc
24th Jan 20197:00 amRNSRestoration of Trading and General Update
20th Dec 20187:00 amRNSFurther Extension to Exclusivity Agreement
26th Oct 201811:00 amEQSHardman & Co Research: SatoshiPay: An emerging leader in digital nanopayments
23rd Oct 20187:00 amRNSExtension to Exclusivity Agreement
26th Jul 20187:30 amRNSSuspension - Blue Star Capital Plc
26th Jul 20187:00 amRNSSuspension and Potential Acquisition
11th Jul 20188:39 amRNSHolding(s) in Company
29th Jun 20187:00 amRNSHalf-year Report
28th Jun 201810:12 amRNSHolding(s) in Company
19th Jun 20182:37 pmRNSHolding(s) in Company
7th Jun 20187:00 amRNSSthaler Update
22nd May 20187:00 amRNSSatoshiPay Update

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.