Result of General Meeting

RNS Number : 9788Z

Blue Star Capital plc

20 March 2017

 

Blue Star Capital plc

("Blue Star" or the "Company")

Result of General Meeting

Update on further investment in SatoshiPay

Blue Star Capital plc (AIM: BLU), the investing company with a focus on technology and its applications within media and gaming, announces that further to the Company's announcement on 2 March 2017 ("Announcement"), all resolutions at the General Meeting held today were passed ("Resolutions").  Unless otherwise defined herein, capitalised terms used hereunder shall have the same meanings as those defined in the Announcement.

The Resolutions included approval to issue 268,213,880 Consideration Shares to FastForward as consideration for the acquisition by Blue Star of a further 1,471 ordinary shares in the capital of SatoshiPay Ltd, to take Blue Star's total interest in SatoshiPay to approximately 19.10 per cent. Completion of the Acquisition remains conditional upon admission of the Consideration Shares to trading on AIM which is expected to occur at 8.00 a.m. on 21 March 2017 ("Admission").

Following Admission, the Company's enlarged issued share capital will comprise 1,235,043,170 ordinary shares and FastForward will be interested in approximately 21.7 per cent. of the issued share capital of the Company.

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
Tony Fabrizi	[phone]
Cairn Financial Advisers LLP	[phone]
(Nominated Adviser)
Emma Earl/Jo Turner
Smaller Company Capital Limited	[phone]
(Broker) Rupert Williams/Jeremy Woodgate

About Blue Star Capital Plc

Blue Star is an investing company with a focus on technology and its applications within media and gaming. Blue Star's investments include a 10.7 per cent. holding in SatoshiPay, a nanopayment software and blockchain company; a holding in Disruptive Tech Limited, an investing company with five investments including a 38% holding in VNU Group LLC ("VNU") a speciality online direct retailer of premium goods paid for through an instant credit facility and a holding in Nektan PL; and an investment in Sthaler, an early stage identity and payments technology business which enables a consumer to identify themselves and pay using just their finger at retail points of sale. 

About SatoshiPay Ltd

SatoshiPay is headquartered in London with development led through its office in Berlin. Angel funding for SatoshiPay Ltd was supplied by Axel Springer Plug & Play and Henning Peters, seed funding was raised through publicly listed companies Coinsilium Group (ISDX:COIN) and FastForward Innovations (LON:FFWD). Development of SatoshiPay's nanopayment product started in April 2015 and its beta version was released in February 2016. Find updated information at the company's website https://satoshipay.io, its blog https://medium.com/@SatoshiPay and Twitter @SatoshiPay.

 

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