Blue Star Capital plc Grant of Warrants (1680O)

TIDMBLU

RNS Number : 1680O

Blue Star Capital plc

30 January 2023

30 January 2023

Blue Star Capital plc

("Blue Star" or the "Company")

Grant of Warrants

Blue Star Capital plc (AIM: BLU), the investing company with a focus on esports, payments, technology and its applications within media and gaming, announces that, to incentivise and reward management performance in line with the strategy announced on 28 September 2022, it has granted warrants ("Warrants") to directors as follows:

 
 Option holder              Number of   Exercise price   Warrants granted 
                     Warrants granted              (p)      as percentage 
                                                          of issued share 
                                                               capital on 
                                                            date of grant 
 Anthony Fabrizi          140,000,000            0.35p               2.8% 
                           30,000,000            0.45p               0.6% 
 Brian Rowbotham           40,000,000            0.35p               0.8% 
                           10,000,000            0.45p               0.2% 
 Sean King                 20,000,000            0.35p               0.4% 
                           10,000,000            0.45p               0.2% 
                   ------------------  ---------------  ----------------- 
 Total                    250,000,000                                5.0% 
                   ------------------  ---------------  ----------------- 
 

The Warrants have an exercise period of 3 year and the exercise prices of 0.35p and 0.45p represent premiums to the closing mid-market price of the Company's Ordinary Shares on 27 January 2023 of approximately 50 per cent. and 90 per cent. respectively. The Warrants are not subject to any other performance criteria.

The current issued share capital of the Company comprises 4,992,772,995 ordinary shares.

Tony Fabrizi, CEO of Blue Star Capital said that: "As previously notified, following the portfolio review and accompanying cost cutting, the Company sought to put in place a management incentive scheme. The terms of the warrants are consistent with the terms indicated in the review and are exercisable at significant premia compared to the Company's average share price over the preceding 6 months. The Board has discussed the terms of the warrants with the major shareholders and they are supportive of the incentive they provide."

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014, as retained as part of the law of England and Wales.

For more information please contact:

 
Blue Star Capital plc              [phone] 
Tony Fabrizi, Executive Chairman 
 
Cairn Financial Advisers LLP, 
 (Nomad)                           [phone] 
Jo Turner / Liam Murray 
 
 
 

About Blue Star

Blue Star is an investing company with a focus on new technologies. Blue Star's principal investments include SatoshiPay Limited, a payments business using blockchain technology; a number of early-stage to mid-level esports companies, including Guild eSports plc, a global esports business headquartered in London whose lead investor is David Beckham and Dynasty Gaming & Media Pte. Ltd., whose B2B white label platform is a full-stack gaming ecosystem; and Sthaler Limited, an identity and payments technology business which enables a consumer to identify themselves and pay using just their finger.

 
 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                                   1. Anthony Fabrizi 
                                                2. Brian Rowbotham 
                                                3. Sean King 
                                         --------------------------------------------- 
 2      Reason for notification 
       --------------------------------  --------------------------------------------- 
 a.     Position/Status                              1. Executive Chairman 
                                                      2. Non-executive Director 
                                                      3. Non-executive Director 
       --------------------------------  --------------------------------------------- 
 b.     Initial notification/             Initial 
         Amendment 
       --------------------------------  --------------------------------------------- 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       ------------------------------------------------------------------------------- 
 a.     Name                              Blue Star Capital plc 
       -------------------------------- 
 b.     LEI                                     213800Y6XGR31P2LKT12 
       --------------------------------  --------------------------------------------- 
 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 of                    Warrants over ordinary shares 
         the financial 
         instrument, type                  GB00B02SSZ25 
         of instrument 
 
         Identification 
         Code 
       --------------------------------  --------------------------------------------- 
 b.     Nature of the                     Grant of warrants 
         transaction 
       --------------------------------  --------------------------------------------- 
 
 c.     Price(s) and volume(s)             Price(s)                       Volume(s) 
       --------------------------------   -------------------------- 
               1. 0.35p                                                 140,000,000 
                0.45p                                                    30,000,000 
                2. 0.35p                                                 40,000,000 
                0.45p                                                    10,000,000 
                3. 0.35p                                                 20,000,000 
                0.45p                                                    10,000,000 
   -----------------------------------------------------------------  ------------- 
 
 d.     Aggregated information 
   - Aggregated Volume               250,000,000 
   - Price                            0.37p 
 --------------------------------  --------------------------------------------------- 
 e.     Date of the transaction           27/1/2023 
       --------------------------------  --------------------------------------------- 
 f.     Place of the transaction          UK 
       --------------------------------  --------------------------------------------- 
 
 

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January 30, 2023 02:00 ET (07:00 GMT)