Blue Star Regulatory News (BLU)

30 September 2015

Blue Star Capital plc

("Blue Star" or the "Company")

Subscription and Directors Dealing

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 £25,000 before expenses by way of a direct subscription with the Company of 12,500,000 new ordinary shares of 0.1p each ("Ordinary Shares") at an issue price of 0.2p 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. 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.

Directors participation in the Subscription

Each of the Directors of Blue Star, being Anthony Fabrizi, William Henbrey and Graham Parr has subscribed for 2,500,000 Subscription Shares at the subscription price for a total subscription amount of £5,000 each.

Following completion of the Subscription, the Directors interests in the issued ordinary share capital of the Company will be as follows:

Completion of the Subscription is conditional, inter alia, upon 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 6 October 2015.

Related party transaction

The Directors of Blue Star, all of whom have participated in the Subscription, are related parties for the purpose of AIM Rule 13. Cairn Financial Advisers LLP considers that the terms of the Directors participation in the Subscription are fair and reasonable insofar as the Company's shareholders are concerned.

Following Admission, the Company will have 484,162,623 Ordinary Shares in issue. The Company does not hold any Ordinary Shares in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 484,162,623.

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.