Blue Star Capital plc Completion of Placing and Appointment of Broker (6382U)

TIDMBLU

RNS Number : 6382U

Blue Star Capital plc

19 January 2017

Blue Star Capital plc

("Blue Star" or the "Company")

Completion of Placing

Issue of Equity

Appointment of Broker

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 further to the announcements made by the Company on 16 January 2017 in respect of a placing and a proposed investment in SatoshiPay Ltd (the "Transaction Announcements"), 466,666,667 Placing Shares have today been admitted to trading on AIM, raising gross proceeds of GBP0.70 million for the Company. Following this, the Company expects completion of its investment in SatoshiPay to occur in the week commencing 23 January 2017. Other than where defined, capitalised terms used in this announcement have the meaning given to them in the Transaction Announcements.

Following admission of the Placing Shares to trading on AIM, the Company's enlarged issued share capital comprises 966,829,290 Ordinary Shares. The Company holds zero shares in treasury therefore the total number of Ordinary Shares in the Company with voting rights is 966,829,290.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.

Change of Adviser

Vicarage Capital Limited has been appointed as the Company's sole broker with immediate effect.

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 
 Tony Fabrizi                +44 (0) 777 178 2434 
 
 
 Cairn Financial Advisers 
  LLP                        +44 (0) 20 7213 0880 
 (Nominated Adviser) 
 Emma Earl/Jo Turner 
 
 Vicarage Capital Limited    +44 (0) 203 651 2911 
 (Broker) 
 Rupert Williams/Jeremy 
  Woodgate

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 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; 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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 19, 2017 08:37 ET (13:37 GMT)

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