Result of AGM and Directorate Change

RNS Number : 3840O

Blue Star Capital plc

09 February 2021

 

9 February 2021

Blue Star Capital plc

("Blue Star" or the "Company")

Result of AGM and Directorate Changes

Blue Star Capital plc (AIM: BLU), the investing company with a focus on technology and its applications within media and gaming, announces that, at the annual general meeting held yesterday ("AGM"), all resolutions were duly passed.

The Company previously announced that, after seven years as CEO, it is the intention of Tony Fabrizi to step down from the Board upon the appointment of a new non-executive director and that Derek Lew will assume the role of CEO. The Company is pleased to announce the appointment of Brian Rowbotham to the Board who joins as a non-executive director, and, accordingly, the resignation of Tony Fabrizi and the appointment of Derek Lew as an executive director with immediate effect.

Derek Lew commented , "We would like to thank Tony for his years of service to the Company.  Under Tony's stewardship, the Company has invested in a number of exciting early stage, disruptive technology businesses including payment tech businesses SatoshiPay and Sthaler and, more recently, our move into eSports investments. We look forward to continuing to build on this momentum and wish Tony the very best with his future endeavours." 

Brian Rowbotham qualified as a Chartered Accountant with Deloitte and Touche and is a Fellow of the Institute of Chartered Accountants in England and Wales. His early career in the City included roles at Save & Prosper and F&C Management Ltd. In 1997 he joined Teather & Greenwood where, as a partner and then Finance Director, he was involved in the company's flotation on AIM and subsequent move to the Official List.  Brian also ran his own consultancy specialising in turnarounds and start-ups until joining Hichens, Harrison & Co. plc in January 2005. Hichens Harrison was sold to Religare Enterprises in May 2008 and Brian subsequently stepped down from its Board in October 2008 remaining as a consultant.  He holds a number of other board positions including positions on the board of Rurelec plc and Hot Rocks Investments plc.

Additional   Disclosures

The following information regarding the appointment of Brian Rowbotham, aged 69, is disclosed under Schedule Two paragraph (g) of the AIM Rules for Companies:

Current directorships and/or partnerships:	Former directorships and/or partnerships (within the last five years):
Rurelec plc	Gabbitas Educational Consultants Ltd
Hot Rocks Investments plc	Gabbitas Limited
Mountbeach Associates Ltd	Prospects Group 2011 Limited
	Prospects Services

Mr Rowbotham was a director of a number of companies associated with Regisbrook, including Regusbrook Group Limited, Regisbrook Limited, Pulseview Limited, Saxon Electronics Limited and Indikta Display Systems Limited, in 1997 when a liquidator was appointed and they were wound up under a creditor voluntary liquidation, they were subsequently dissolved in 2001.

Mr Rowbotham does not have any beneficial interest in the ordinary shares of the Company.

There is no further information to be disclosed in relation to AIM Rule 17 or paragraph (g) of Schedule Two of the AIM Rules for Companies. 

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

For further information please contact:

Blue Star Capital plc	[phone]
Derek Lew
Cairn Financial Advisers LLP	[phone]
(Nominated Adviser)
Jo Turner / Liam Murray / Mark Rogers
S tanford Capital Partners Limited (Broker) Patrick Claridge / John Howes / Bob Pountney	[phone]

 

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