Blue Star Regulatory News (BLU)

24 Mar 2006 07:00

Blue Star Capital plc24 March 2006 For immediate release 24 March 2006 BLUE STAR CAPITAL PLC ("Blue Star" or "the Company") Investment in Venteco plc Blue Star Capital plc (AIM: BLU), the company created to provide seed capitalfor early stage companies, is pleased to announce it has taken a 8.99 per centstake in Venteco plc ("Venteco"), a company that today begins trading on the AIMmarket of the London Stock Exchange. Venteco (AIM: VTO) is a recently formed company established to invest in oracquire assets, businesses or companies involved in environmentally friendlypest control technologies, applications or related areas. Venteco has a highlyexperienced board of directors with an international track record in the pestcontrol industry and additional experience in finance and the City. Blue Star has invested £265,000 in Venteco in return for 11,333,333 ordinaryshares, equivalent to 8.99 per cent of Venteco's share capital. In total Venteco has raised net proceeds of £3.04 million in its flotation.Libertas Capital is Venteco's nominated adviser and broker. Nigel Robertson, Blue Star Capital's Chairman, said: "The flotation of Ventecounderlines the continued progress in Blue Star's business model. Venteco bringsanother area of sector focus to Blue Star's portfolio of investments and we wishVenteco every success as a quoted company." ENDS For further information: Blue Star Capital plc Tel: 020 7297 0010Nigel Robertson, ChairmanHaresh Kanabar, Chief Executive Teather & Greenwood Tel: 020 7426 9000Mark Dickenson Buchanan Communications Tel: 020 7466 5000Mark CourtElly Williamson This information is provided by RNS The company news service from the London Stock Exchange