Blue Star Capital plc Completion of Further Investment in SatoshiPay (7191M)

TIDMBLU

RNS Number : 7191M

Blue Star Capital plc

01 August 2017

Blue Star Capital plc

("Blue Star" or the "Company")

Completion of Further Investment in SatoshiPay

PDMR Dealing

Total Voting Rights

Blue Star Capital plc (AIM: BLU), the investing company with a focus on new technologies, is pleased to confirm that further to the announcements made by the Company on 4 July 2017 and 21 July 2017, the Company's investment in SatoshiPay has now been completed.

As per the announcement of 4 July, Anthony Fabrizi, the Company's CEO, subscribed for 5,242,041 Placing Shares at the placing price of 0.2 pence per share for a total subscription of GBP10,484. As a consequence Anthony Fabrizi is now interested in a total of 25,000,000 ordinary shares, representing 1.5% of the Enlarged Share Capital.

Total voting rights

Following completion of the Placing, the Company's issued share capital now consists of 1,702,900,312 ordinary shares of 0.1p each ("Ordinary Shares"). The Company does not hold any Ordinary Shares in treasury. Therefore the total number of ordinary shares in the Company with voting rights is 1,702,900,312.

The above figure may be used by shareholders in the Company 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.

PDMR dealing

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

 
  Notification of a Transaction pursuant to Article 
   19(1) of Regulation (EU) No. 596/2014 
--------------------------------------------------------------------------------- 
 1      Details of the person discharging managerial 
         responsibilities/person closely associated 
-----  -------------------------------------------------------------------------- 
 a.     Name                          Anthony Fabrizi 
                                     -------------------------------------------- 
 2      Reason for 
         notification 
-----  ----------------------------  -------------------------------------------- 
 a.     Position/Status               CEO 
-----  ----------------------------  -------------------------------------------- 
 b.     Initial notification/         Initial Notification 
         Amendment 
-----  ----------------------------  -------------------------------------------- 
 3      Details of the issuer, emission allowance market 
         participant, auction platform, auctioneer or 
         auction monitor 
       -------------------------------------------------------------------------- 
 a.     Name                          Blue Star Capital Plc 
-----  ----------------------------  -------------------------------------------- 
 b.     LEI 
-----  ----------------------------  -------------------------------------------- 
 4      Details of the transaction(s): section to be 
         repeated for (i) each type of instrument; (ii) 
         each type of transaction; (iii) each date; 
         and (iv) each place where transactions have 
         been conducted 
-----  -------------------------------------------------------------------------- 
 a.     Description                   Ordinary Shares 
         of the financial 
         instrument, 
         type of instrument            GB00B02SSZ25 
 
         Identification 
         Code 
-----  ----------------------------  -------------------------------------------- 
 b.     Nature of                     Subscription for new ordinary shares 
         the transaction               pursuant to a placing 
-----  ----------------------------  -------------------------------------------- 
 
 c.     Price(s) and                   Price(s)              Volume(s) 
         volume(s) 
-----  ----------------------------   --------------------  ------------------ 
    0.2 pence                                                5,242,041 
   -------------------------------------------------------  ------------------ 
 
 d.     Aggregated 
         information                    5,242,041 at 0.2 pence 
         - Aggregated 
         Volume 
         - Price 
-----  ----------------------------  -------------------------------------------- 
 e.     Date of the                   27 July 2017 
         transaction 
-----  ----------------------------  -------------------------------------------- 
 f.     Place of the                  LONDON (AIM Market) 
         transaction 
-----  ----------------------------  -------------------------------------------- 
 
 

For further information, please contact:

 
 Blue Star Capital 
  plc 
 Tony Fabrizi                [phone] 
 
 Cairn Financial Advisers 
  LLP                        [phone] 
 (Nominated Adviser) 
 Emma Earl/Jo Turner 
 
 Smaller Company Capital 
  Limited                    [phone] 
 (Broker) 
  Rupert Williams/Jeremy 
  Woodgate 
 
 

About Blue Star Capital Plc

Blue Star is an investing company with a focus on new technologies. Blue Star's investments include a 31% 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.

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 Jim Mellon, Huiyin Blockchain Venture and Blue Star Capital. 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

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August 01, 2017 05:00 ET (09:00 GMT)