Blue Star Capital plc Result of General Meeting (7763L)

TIDMBLU

RNS Number : 7763L

Blue Star Capital plc

21 July 2017

Blue Star Capital plc

("Blue Star" or the "Company")

Result of General Meeting

Grant of Director Warrants

Blue Star Capital plc (AIM: BLU), the investing company with a focus on new technologies, announces that further to the Company's announcement on 4 July 2017 ("Announcement"), all resolutions at the General Meeting held today were passed ("Resolutions"). Unless otherwise defined herein, capitalised terms used hereunder shall have the same meanings as those defined in the Announcement.

The Resolutions included, inter alia, approval to issue 325,000,000 Placing Shares to raise gross proceeds of GBP650,000 which will be used together with the Company's existing cash resources to satisfy the consideration payable for the Acquisition which will increase the Company's holding in SatoshiPay to approximately 31.1 per cent. Completion of the Placing remains conditional on receipt of Placing funds and Admission, which is now expected to occur on 27 July 2017.

The SPA in respect of the Acquisition remains conditions upon Admission of the Placing Shares to trading on AIM, such that completion of the Acquisition is expected to occur shortly after 27 July 2017. A further announcement will be made to confirm completion of the Acquisition.

Following the passing of the Resolutions, Anthony Fabrizi, the Company's CEO has been granted warrants over 25 million Ordinary Shares, as set out in the Announcement.

Total Voting Rights update

The issued share capital of the Company as at today is 1,377,900,312 ordinary shares. This number replaces the previously stated issued share capital of 1,377,900,313 ordinary shares which was incorrectly stated due to an administrative error.

In the event of Admission occurring, the Company's enlarged issued share capital will comprise 1,702,900,312 ordinary shares.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 ("MAR").

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 0.1p each 
         of the financial 
         instrument, 
         type of instrument 
                                       GB00B02SSZ25 
         Identification 
         Code 
-----  ----------------------------  ------------------------------------------ 
 b.     Nature of the                 Grant of Warrants with an exercise 
         transaction                   price of 0.25 pence 
-----  ----------------------------  ------------------------------------------ 
 
 c.     Price(s) and                   Price(s)           Volume(s) 
         volume(s) 
-----  ----------------------------   -----------------  ------------------- 
     n/a                                                  25,000,000 
   ----------------------------------------------------  ------------------- 
 
 d.     Aggregated 
         information                    25,000,000 warrants 
 
         - Aggregated 
         Volume 
 
         - Price 
-----  ----------------------------  ------------------------------------------ 
 e.     Date of the                   21 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 on new technologies. Blue Star's investments include a 19% 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 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

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July 21, 2017 07:04 ET (11:04 GMT)