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Blue Star to terminate lock-in on shares

By BFN News | 09:36 AM | Tuesday 04 April, 2017


Blue Star Capital has agreed to terminate lock-in arrangements on 268,213,880 new ordinary shares issued to FastFoward following the company's further investment in SatoshiPay. Blue Star said the directors believed that the lock-in arrangements might have led to the share price under-performing compared to their expectations. It said: "Taking this into account and the strong interest in the company's placing of new ordinary shares in January 2017, the directors have agreed that, subject to the broker finalising arrangements to place out the existing consideration shares to a variety of investors on terms that the directors consider are acceptable, the lock-in arrangements may be terminated. "The directors believe that this will be in the best interests of shareholders. "The directors will provide an update in the event that the existing consideration shares are successfully placed-out with new shareholders." At 9:36am: (LON:BLU) Blue Star Capital PLC share price was 0p at 0.16p Story provided by StockMarketWire.com

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