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Blue Star Capital plc noted a recent increase in its share price but confirmed it was not aware of any reason for the movement. On 6 January 2025, the company announced that resolutions approving a Capital Reorganisation and Subscription to raise £150,000 were passed at its General Meeting. Additionally, Blue Star noted a 7:00 a.m. announcement on 13 January 2025, stating that Meinhard Benn now holds an 8.34% shareholding in the company.
| Date | 13 Jan 2025 |
| Time | 14:53:11 |
| Category | Miscellaneous |
| ID | 1304T |
13 January 2025
Blue Star Capital plc
("Blue Star" or the "Company")
Share Price Movement
Blue Star Capital plc (AIM: BLU), the investing company with a focus on blockchain, esports and payments, notes the recent increase in the Company's share price and confirms that it is not aware of any reason for the movement.
On the 6 January 2025, the Company announced that at its General Meeting all resolutions were duly passed, thereby approving the Capital Reorganisation and Subscription to raise £150,000. The Company confirmed that the proceeds of the Subscription would be used to participate in further funding rounds both for either SatoshiPay Limited or Vortex, a decentralised exchange platform incubated by SatoshiPay, in addition to supporting the general working capital requirements of the Company. In addition, the Company notes the Holding(s) in Company announcement released at 7:00 a.m. today, announcing that Meinhard Benn, the founder of SatoshiPay, now holds an 8.34 per cent. shareholding in Blue Star.
The Company will keep the market apprised of any developments and will make the necessary announcements when it is in a position to do so.
The Directors of the Company take responsibility for this announcement.
For more information please contact:
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Blue Star Capital plc |
+44 (0) 777 178 2434 |
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Tony Fabrizi |
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Cairn Financial Advisers LLP |
+44 (0) 20 7213 0880 |
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(Nominated Adviser) |
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Jo Turner / Liam Murray / Ed Downes |
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Axis Capital Markets Limited |
+44 (0) 20 3026 0449 |
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(Sole Broker) |
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Ben Tadd / Lewis Jones |
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About Blue Star
Blue Star is an investing company with a focus on new technologies. Blue Star's investments include SatoshiPay Limited, an experienced blockchain company with a strong track record in innovative payment solutions; Lets Play Live, 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.