Blue Star Capital plc Further re: Option Scheme and Grant of Options (8684O)
October 13 2021 - 2:00AM
UK Regulatory
TIDMBLU
RNS Number : 8684O
Blue Star Capital plc
13 October 2021
13 October 2021
Blue Star Capital plc
("Blue Star" or the "Company")
Further re: Option Scheme and Grant of Options
Blue Star Capital plc (AIM: BLU), the investing company with a
focus on esports, technology and its applications within media and
gaming, announced on 24 September 2021 the adoption of a share
option scheme and granted share options to certain directors.
In response to discussions with certain shareholders regarding
the terms of the scheme and the grant of options, the directors
have chosen to cancel the scheme, including the options granted
under it, rather than varying the terms of the existing scheme or
grant. The directors may, subject to a period of broader
shareholder engagement, seek to put in place a replacement
incentive programme or option scheme in the future.
As a result of the cancellation of the options granted on 24
September 2021, the Company has no outstanding options in
issue.
Derek Lew, Blue Star executive chairman, commented: "We
introduced the option scheme to provide a platform to incentivise
current and future management performance for the benefit of all
shareholders. In line with our policies on corporate governance and
our adoption of the QCA Code, it is important to us to demonstrate
that we have not only listened to feedback from shareholders but
acted upon it quickly. We believe that management performance
should be incentivised, however, in light of the comments received,
we consider it appropriate to cancel the existing arrangements
entirely and to undertake wider stakeholder engagement on
management incentivisation."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014 (which forms part of
domestic UK law pursuant to the European Union (Withdrawal) Act
2018).
For further information, please contact:
Blue Star Capital plc +44 (0) 20 3608 3019
Derek Lew
Cairn Financial Advisers LLP +44 (0) 20 7213 0880
(Nominated Adviser)
Jo Turner / Liam Murray
S tanford Capital Partners Limited
(Broker)
Patrick Claridge / John Howes
/ Bob Pountney +44 (0) 20 3815 8880
About Blue Star Capital
Blue Star is an investing company with a focus on new
technologies. Blue Star's investments include a 27.7% holding in
SatoshiPay, a payments business using blockchain technology;
investments in 6 early stage esports companies with shareholdings
ranging from 6% to 13.6% and a 0.9% investment in Sthaler, an
identity and payments technology business which enables a consumer
to identify themselves and pay using just their finger.
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