Share Name Share Symbol Market Type Share ISIN Share Description
Blue Star Capital LSE:BLU London Ordinary Share GB00B02SSZ25 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.005p -1.27% 0.39p 0.38p 0.40p 0.42p 0.385p 0.395p 63,686,386 14:20:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -0.2 -0.0 - 6.64

Blue Star Capital plc Placing of Shares

31/05/2017 3:59pm

UK Regulatory (RNS & others)

Blue Star Capital (LSE:BLU)
Historical Stock Chart

2 Months : From May 2017 to Jul 2017

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RNS Number : 7454G

Blue Star Capital plc

31 May 2017

Blue Star Capital plc

("Blue Star" or the "Company")


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 GBP0.20 million ("Placing").

The net proceeds of the Placing of approximately GBP0.19 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 
 Tony Fabrizi                +44 (0) 777 178 2434 
 Cairn Financial Advisers 
  LLP                        +44 (0) 20 7213 0880 
 (Nominated Adviser) 
 Emma Earl/Jo Turner 
 Smaller Company Capital 
  Limited                    +44 (0) 203 651 2911 
  Rupert Williams/Jeremy 

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.

This information is provided by RNS

The company news service from the London Stock Exchange



(END) Dow Jones Newswires

May 31, 2017 10:59 ET (14:59 GMT)

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