Completion of Further Investment in SatoshiPay

RNS Number : 7191M

Blue Star Capital plc

01 August 2017

 

Blue Star Capital plc

("Blue Star" or the "Company")

Completion of Further Investment in SatoshiPay

PDMR Dealing

Total Voting Rights

Blue Star Capital plc (AIM: BLU), the investing company with a focus on new technologies, is pleased to confirm that further to the announcements made by the Company on 4 July 2017 and 21 July 2017, the Company's  investment in SatoshiPay has now been completed.

As per the announcement of 4 July, Anthony Fabrizi, the Company's CEO, subscribed for 5,242,041 Placing Shares at the placing price of 0.2 pence per share for a total subscription of £10,484. As a consequence Anthony Fabrizi is now interested in a total of 25,000,000 ordinary shares, representing 1.5% of the Enlarged Share Capital.

   
Total voting rights

Following completion of the Placing, the Company's issued share capital now consists of 1,702,900,312 ordinary shares of 0.1p each ("Ordinary Shares"). The Company does not hold any Ordinary Shares in treasury. Therefore the total number of ordinary shares in the Company with voting rights is 1,702,900,312.

The above figure may be used by shareholders in the Company 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.

PDMR dealing

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation. 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	Anthony Fabrizi
2	Reason for notification
a.	Position/Status	CEO
b.	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Blue Star Capital Plc
b.	LEI
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a.	Description of the financial instrument, type of instrument Identification Code	Ordinary Shares GB00B02SSZ25
b.	Nature of the transaction	Subscription for new ordinary shares pursuant to a placing
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			0.2 pence	5,242,041
d.	Aggregated information  - Aggregated Volume  - Price	5,242,041 at 0.2 pence
e.	Date of the transaction	27 July 2017
f.	Place of the transaction	LONDON (AIM Market)

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 new technologies. Blue Star's investments include a 31% 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 Jim Mellon, Huiyin Blockchain Venture and Blue Star Capital. 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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