Blue Star Capital plc Issue of Equity (9338D)
July 01 2019 - 2:00AM
UK Regulatory
TIDMBLU
RNS Number : 9338D
Blue Star Capital plc
01 July 2019
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 raised GBP250,000 (before
expenses) through the issue of 250,000,000 new ordinary shares at a
price of 0.10 pence per ordinary share (the "Placing"), conditional
on the admission of such new ordinary shares to trading on AIM
("Admission").
Tony Fabrizi (Chief Executive Officer of Blue Star), and Sean
King (Non-Executive Director of Blue Star) have each invested
GBP12,000 as part of the Placing. Following the Placing, Tony
Fabrizi's holding in the Company will be 42,000,000 shares,
representing 1.9% of Blue Star's so enlarged share capital. Sean
King's holding in the Company will be 18,250,000 shares,
representing 0.8% of Blue Star's so enlarged share capital.
The proceeds of the Placing are intended to be used principally
for working capital purposes and to give the Company flexibility to
look at new investment opportunities in the future.
Application will be made for the new ordinary shares to be
admitted to trading on AIM. It is expected that Admission will
become effective at 8.00 a.m. on or around 4 July 2019.
The new ordinary shares will be issued credited as fully paid
and will rank pari passu in all respects with the existing ordinary
shares.
Following Admission, the total number of ordinary shares in
issue will be 2,242,582,852. The Company does not hold any ordinary
shares in treasury. Therefore, the total number of ordinary shares
with voting rights will be 2,242,582,852. This 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.
The Directors' participation in the Placing is deemed to be a
Related Party Transaction for the purposes of Rule 13 of the AIM
Rules. Mr William Henbrey, being the sole independent director of
the Company for the purposes of the Directors' participation in the
Placing, considers, having consulted with the Company's Nominated
Adviser, that the Directors' participation is fair and reasonable
in so far as the Shareholders are concerned.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
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
-----
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 a) Anthony Fabrizi
b) Sean King
-----------------------------------------------------------------
2 Reason for notification
------------------------------------------ --------------------------------------------------
a. Position/Status a) Chief Executive Officer
b) 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 Ordinary Shares
the financial
instrument, type GB00B02SSZ25
of instrument
Identification
Code
--------------------------- -----------------------------------------------------------------
b. Nature of the Placing
transaction
--------------------------- -----------------------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
--------------------------------- --------------------- ---------------------
a) GBP0.0010 12,000,000
b) GBP0.0010 12,000,000
------------------------------------------------------------ ------------
d. Aggregated information
- Aggregated Volume n/a
- Price
--------------------------- -----------------------------------------------------------------
e. Date of the transaction 28/06/2019
--------------------------- -----------------------------------------------------------------
f. Place of the transaction UK
--------------------------- -----------------------------------------------------------------
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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