31 May 2017 15:59
Blue Star Capital plc
("Blue Star" or the "Company")
Placing
Issue of Equity
Blue Star Capital plc (AIM: BLU), the investing company with a focus on technology and its applications within media and gaming, is pleased to announce that it has conditionally placed 142,857,143 new Ordinary Shares in the Company (the "Placing Shares") at a price of 0.14 pence per share raising gross proceeds of £0.20 million ("Placing").
The net proceeds of the Placing of approximately £0.19 million will be used for general working capital. Issue of the Placing Shares is conditional on receipt of funds and Admission (as defined below).
Pursuant to the Placing, application will be made for 142,857,143 Placing Shares to be admitted to trading on AIM ("Admission"). Subject to completion of the Placing it is anticipated that admission of the Placing Shares will occur at 8.00 a.m. on or around 5 June 2017. The Placing Shares will be credited as fully paid and rank pari passu with the existing Ordinary Shares. Following admission of the Placing Shares to trading on AIM, the Company's enlarged issued share capital will comprise 1,377,900,313 Ordinary Shares. The Company holds zero shares in treasury.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 ("MAR").
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 focus on technology and its applications within media and gaming. Blue Star's investments include a 19.3 per cent. 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.
Blue Star (BLU)