Blue Star Capital plc Further Extension to Exclusivity Agreement (0292L)
December 20 2018 - 2:00AM
UK Regulatory
TIDMBLU
RNS Number : 0292L
Blue Star Capital plc
20 December 2018
Blue Star Capital plc
("Blue Star" or the "Company")
Further Extension to Exclusivity Agreement & Amendment to
Convertible Loan Terms
Blue Star (AIM: BLU), an investing company with a focus on
technology, provides an update to the announcement of 23 October
2018 regarding the heads of terms entered into with SatoshiPay Ltd
("SatoshiPay"). The initial heads of terms granted the Company
exclusivity for the proposed acquisition of the entire issued share
capital of SatoshiPay, which expires on 31 December 2018. This
exclusivity period has now been extended to 31 January 2019.
Furthermore, the terms of the convertible loan notes issued to
the Company by SatoshiPay on 1 December 2017 have been amended such
that they become redeemable from 31 January 2019 at the Company's
election, rather than 31 December 2018. All other terms as
described in the Company's announcement dated 1 December 2017
remain unchanged.
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 +44 (0) 777 178 2434
Tony Fabrizi
Cairn Financial Advisers LLP +44 (0) 20 7213 0880
(Nominated Adviser)
Jo Turner/Liam Murray/Richard Nash
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
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