Result of EGM and Board Chang

RNS Number : 4735J

Blue Star Capital plc

03 December 2008

 



BLUE STAR CAPITAL PLC

BOARD CHANGES AND RESULT OF GENERAL MEETING

Blue Star Capital PLC ('Blue Star' or the 'Company'), the investment company, announces that, at the general meeting of the Company held today, all resolutions were passed.  

In addition, Nigel Robertson has today stepped down as Chairman of the Company and has resigned as a director of the Company. He will be concentrating on developing Eseekers, one of the investees in the Blue Star portfolio.  Nigel Robertson has been replaced by Lord Dear as non-executive Chairman of the Company with immediate effect.

The Rt Hon The Lord Dear Kt QPM DL LLB was a highly respected senior police officer, holding several major appointments, before leaving to pursue a further career in the business world. He currently holds several non-executive positions as chairman or director in a range of companies, and was appointed as a non-executive director of the Company on 24 September 2008.

Lord Dear is a member of the Advisory Board to PegasusBridge Fund Management Limited, a Guernsey fund manager specialising in Homeland Security based investments which has been appointed to manage the Company's investments. 

Lord Dear, chairman of the Company, said: 'I would like to thank Nigel Robertson for his invaluable contribution to the development of the Company since its inception and we all wish him well for the future.'

For further information:

Blue Star Capital plc	Tel: [phone]
Dr Richard Leaver, Chief Executive Officer
Dowgate Capital Advisers Limited	Tel: [phone]
James Caithie
Alexander David Securities Limited	Tel: [phone]
David Scott / Bill Sharp
Square1 Consulting Limited	Tel: [phone]
Mark Longson

 

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