Share Subscription

RNS Number : 9711U

Blue Star Capital plc

22 October 2014

 



22 October 2014

Blue Star Capital plc

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

Subscription

Blue Star Capital plc, an investing company in technology and gaming delivered principally through social media and broadcast platforms, is pleased to announce that it has conditionally raised £175,000 before expenses by way of a direct subscription with the Company of 31,818,182 new ordinary shares of 0.1p each ("Ordinary Shares") at an issue price of 0.55p per share (the "Subscription Shares") (the "Subscription"). 

It is intended that the proceeds of the Subscription will be used to provide working capital for the Company and to support the current portfolio of investments.

Graham Parr, Chairman of Blue Star, commented:

"We are pleased to welcome new shareholders to the Company and would like to thank our existing shareholder base for its continued support. The Company is at an exciting time in its development and I look forward to reporting further progress in the coming months." 

Completion of the Subscription is conditional, inter alia, upon admission of the Subscription Shares to trading on AIM ("Admission"). Application will be made for the Subscription Shares to be admitted to trading on AIM and it is expected that Admission will take place on or around 29 October 2014.

Following Admission, the Company will have 462,571,714 Ordinary Shares in issue. The Company does not hold any Ordinary Shares in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 462,571,714.

The above figure may be used by shareholders in Blue Star Capital as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Enquiries:

Blue Star Capital plc

Graham Parr, Chairman                                                         [phone]

Tony Fabrizi, Chief Executive                                                 [phone]

Daniel Stewart & Company plc

Nominated Adviser & Broker

Emma Earl/David Coffman/Martin Lampshire                       [phone]

Financial PR Adviser

Rebecca Sanders-Hewett/David Ison                                    [phone]

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