REG - Blue Star Capital - Dynasty Update

Blue Star CapitalAnnouncement

16/07/2024 07:00

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RNS Number : 4935W  Blue Star Capital plc  16 July 2024

16 July 2024

 

Blue Star Capital plc

 

("Blue Star" or the "Company")

 

Dynasty Update

 

 

Blue Star Capital plc (AIM: BLU), the investing company with a focus on
esports and blockchain and its applications within gaming and payments,
provides the following update for Dynasty Gaming & Media Pte Ltd
("Dynasty"), an investee company, following its completion of the acquisition
of Lets Play Live Media ("LPL").

 

Further to the announcement of 6 June 2024, Dynasty has announced that it has
completed the 100% acquisition of Lets Play Live in an all-share transaction
for a consideration of approximately 15 per cent. of Dynasty's issued shares.

 

LPL is the largest gaming tournament operator and broadcaster in Oceania, and
the fastest growing in Southeast Asia, and the exclusive partner for many of
the world's leading publishers operating major gaming events in the region,
including Epic Games, EA, Riot Games, and Supercell.

 

As announced previously, Dynasty considers that the acquisition of LPL will
provide it with strategic and highly complementary capabilities in the areas
of tournament organisation, production, and broadcast and it will also deliver
exclusive game event IP from the world's leading games publishers.

 

Blue Star currently owns approximately 2.0 per cent of Dynasty.

 

For further 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

 Axis Capital Markets Limited  +44 (0) 20 3026 0449
 (Sole Broker)
 Ben Tadd / 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 incubator and service
provider to de-fi businesses using blockchain technology; 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.

 

 

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