Financing Update and Directorate Change

RNS Number : 0586I

Blue Star Capital plc

28 June 2013

 



28 June 2013

Blue Star Capital plc

("Blue Star Capital" or "the Company")

Financing Update and Directorate Change

Shareholder Loan Update

Blue Star Capital is pleased to announce that further to the announcement dated 17 April 2013, the Company has agreed a further extension to the shareholder loan agreement (the "Loan") entered into on 28 April 2011, and thereafter extended on 1 June 2012, 12 October 2012, 3 January 2013 and 17 April 2013. The original amount of the Loan was £400,000 which, with the accrued interest, had been due for repayment by 31 March 2012.

Save as set out below, the terms of the Loan remain unchanged, except that repayment, which had been extended to 30 June 2013, has now been deferred until 31 July 2013 (the "Final Redemption Date").

As at 30 June 2013 the amount outstanding under the Loan (including interest and repayment premium) will be £578,463.11.

Board Changes

Peter Varnish has notified the board that he intends to resign as non-executive with immediate effect. The board wish to thank Peter for his service as a director.

Enquiries:

Blue Star Capital plc	Tony Fabrizi	Tel:[phone]
Daniel Stewart & Company plc (Nomad & Joint Broker)	David Hart Director, Corporate Finance Martin Lampshire, Head of Corporate Broking	Tel: [phone]

 

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