Further Extension to Exclusivity Agreement

RNS Number : 0292L

Blue Star Capital plc

20 December 2018

 

Blue Star Capital plc

("Blue Star" or the "Company")

Further Extension to Exclusivity Agreement & Amendment to Convertible Loan Terms

Blue Star (AIM: BLU), an investing company with a focus on technology, provides an update to the announcement of 23 October 2018 regarding the heads of terms entered into with SatoshiPay Ltd ("SatoshiPay"). The initial heads of terms granted the Company exclusivity for the proposed acquisition of the entire issued share capital of SatoshiPay, which expires on 31 December 2018. This exclusivity period has now been extended to 31 January 2019.

Furthermore, the terms of the convertible loan notes issued to the Company by SatoshiPay on 1 December 2017 have been amended such that they become redeemable from 31 January 2019 at the Company's election, rather than 31 December 2018. All other terms as described in the Company's announcement dated 1 December 2017 remain unchanged.

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

For further information, please contact:

Blue Star Capital plc                                              [phone]

Tony Fabrizi                                                           

Cairn Financial Advisers LLP                                [phone]

(Nominated Adviser)

Jo Turner/Liam Murray/Richard Nash

Smaller Company Capital Limited                     [phone]

(Broker)

Rupert Williams/Jeremy Woodgate

 

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