Dynasty Update

Blue Star Capital plc

16 July 2024

 

16 July 2024

Blue Star Capital plc

("Blue Star" or the "Company")

Dynasty Update

Blue Star Capital plc (AIM: BLU), the investing company with a focus on esports and blockchain and its applications within gaming and payments, provides the following update for Dynasty Gaming & Media Pte Ltd ("Dynasty"), an investee company, following its completion of the acquisition of Lets Play Live Media ("LPL").

Further to the announcement of 6 June 2024, Dynasty has announced that it has completed the 100% acquisition of Lets Play Live in an all-share transaction for a consideration of approximately 15 per cent. of Dynasty's issued shares.

LPL is the largest gaming tournament operator and broadcaster in Oceania, and the fastest growing in Southeast Asia, and the exclusive partner for many of the world's leading publishers operating major gaming events in the region, including Epic Games, EA, Riot Games, and Supercell.

As announced previously, Dynasty considers that the acquisition of LPL will provide it with strategic and highly complementary capabilities in the areas of tournament organisation, production, and broadcast and it will also deliver exclusive game event IP from the world's leading games publishers.

Blue Star currently owns approximately 2.0 per cent of Dynasty.

For further information, please contact:

Blue Star Capital plc	[phone]
Tony Fabrizi
Cairn Financial Advisers LLP	[phone]
(Nominated Adviser)
Jo Turner / Liam Murray
Axis Capital Markets Limited	[phone]
(Sole Broker)
Ben Tadd / Lewis Jones

About Blue Star

Blue Star is an investing company with a focus on new technologies. Blue Star's investments include SatoshiPay Limited, an incubator and service provider to de-fi businesses using blockchain technology; Dynasty Gaming & Media Pte. Ltd., whose B2B white label platform is a full-stack gaming ecosystem; Paidia, a female focussed gaming platform; and Sthaler Limited, an identity and payments technology business which enables a consumer to identify themselves and pay using just their finger.

 

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