REG - Blue Star Capital - Debt Settlement and Issue of Equity

Blue Star CapitalAnnouncement

27/03/2025 07:15

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RNS Number : 3669C  Blue Star Capital plc  27 March 2025

27 March 2025

 

Blue Star Capital plc

 

("Blue Star" or the "Company")

 

Debt Settlement and Issue of Equity

 

Blue Star Capital plc (AIM: BLU), the investing company with a focus on
blockchain, esports and payments, announces that it has agreed to settle an
outstanding debt owed to a creditor via the issue of 100,000 new ordinary
shares of 0.1 pence ("Ordinary Shares") at an issue price of approximately 7
pence per new Ordinary Shares ("Debt settlement Shares").

Admission and Total Voting Rights

Application will be made for the 100,000 Debt Settlement Shares to be admitted
to trading on AIM which is expected to occur on or around 31 March 2025
("Admission"). The Debt Settlement Shares will rank pari passu in all respects
with the ordinary shares of the Company currently traded on AIM.

Following Admission, the Company's issued share capital will comprise
33,813,865 ordinary shares of 0.1 pence each. This number will represent the
total voting rights in the Company and may be used by shareholders as the
denominator for the calculation by which they can determine if they are
required to notify their interest in, or a change to their interest in, the
Company under the Financial Conduct Authority's Disclosure and Transparency
Rules.

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation and the Directors of the Company are responsible for
the release of this announcement.

For more information please contact:

 

 Blue Star Capital plc                +44 (0) 777 178 2434
 Tony Fabrizi

 Cairn Financial Advisers LLP         +44 (0) 20 7213 0880
 (Nominated Adviser)
 Jo Turner / Liam Murray / Ed Downes

 Axis Capital Markets Limited         +44 (0) 20 3026 0449
 (Sole Broker)
 Lewis Jones

 

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; Dynasty
Media & Gaming, 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.

Forward looking statement disclaimer

Certain statements made in this announcement are forward-looking statements.
These forward-looking statements are not historical facts but rather are based
on the Company's current expectations, estimates, and projections about its
industry; its beliefs; and assumptions. Words such as 'anticipates,'
'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar
expressions are intended to identify forward-looking statements. These
statements are not guarantees of future performance and are subject to known
and unknown risks, uncertainties, and other factors, some of which are beyond
the Company's control, are difficult to predict, and could cause actual
results to differ materially from those expressed or forecasted in the
forward-looking statements. The Company cautions shareholders and prospective
shareholder holders not to place undue reliance on these forward-looking
statements, which reflect the view of the Company only as of the date of this
announcement. The forward-looking statements made in this announcement relate
only to events as of the date on which the statements are made. The Company
will not undertake any obligation to release publicly any revisions or updates
to these forward-looking statements to reflect events, circumstances, or
unanticipated events occurring after the date of this announcement except as
required by law or by any appropriate regulatory authority.

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