REG - Blue Star Capital - Directorate Change and Issue of Warrants

Blue Star CapitalAnnouncement

Wed 07:00

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RNS Number : 5470I  Blue Star Capital plc  14 May 2025

14 May 2025

 

Blue Star Capital plc

 

("Blue Star" or the "Company")

 

Directorate Change

Issue of Warrants

 

Blue Star Capital plc (AIM: BLU), the investing company with a focus on
blockchain, esports and payments, announces that it has appointed Mr. Meinhard
Benn as a Non-executive Director of the Company, with immediate effect.

Mr. Benn currently serves as the founder and Chairman of SatoshiPay since
2014. Mr. Benn is also a director of Flakenwerder Investment UG, his Germany
based investment vehicle. Previously, in 2006 he co-founded and established
Ecobytes, an eco-friendly internet hosting and services association with an
initial aim of providing support to NGOs and individuals as a non-profit
organisation.

Information on Mr. Meinhard Benn (age 47) pursuant Schedule Two, paragraph (g)
of the AIM Rules for Companies is below.

 

 Current Directorships / Partnerships:  Past Directorships / Partnerships (within the last five years):
 Flakenwerder Investment UG             Gravity Berlin GmbH
 SatoshiPay Ltd
 Solar Dev Ltd

 

Mr. Benn is the founder and Chairman of SatoshiPay Ltd, the Company's 27.9%
held investee company. Mr. Benn owns approximately 42% of SatoshiPay Ltd and
is interested in 2,750,000 ordinary shares in the Company, representing
approximately 8% of the Company's issued share capital. Mr. Benn is not
interested in any options over ordinary shares in the Company.

 

Issue of Warrants

Further to the appointment, the Company has agreed to pay the director fees
owed to Mr. Benn, via the issue of 500,000 warrants over ordinary shares in
the Company ("Director Warrants"). The Director Warrants allow the holder to
subscribe for ordinary shares in the Company on a one to one basis, at an
exercise price of 5 pence, being the bid price at market close on 13 May 2025,
for an exercisable period of two years from the date of this announcement. The
Director Warrants are not subject to any other performance criteria, and are
under the same terms as the warrants granted to the Directors of the Company
on the 17 December 2024.

Tony Fabrizi, Executive Chairman of Blue Star said:  "We are delighted that
Meinhard has accepted our invitation to join the Board of Blue Star.
Meinhard's deep understanding of SatoshiPay and the sector generally is
certain to provide invaluable insight over the next critical phase in
SatoshiPay's evolution."

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
Gaming & Media Pte Ltd, 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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