REG - Blue Star Capital - Grant of Warrants

Blue Star CapitalAnnouncement

30/01/2023 07:00

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RNS Number : 1680O  Blue Star Capital plc  30 January 2023

30 January 2023

Blue Star Capital plc

 

("Blue Star" or the "Company")

 

Grant of Warrants

 

Blue Star Capital plc (AIM: BLU), the investing company with a focus on
esports, payments, technology and its applications within media and gaming,
announces that, to incentivise and reward management performance in line with
the strategy announced on 28 September 2022, it has granted warrants
("Warrants") to directors as follows:

 

 Option holder    Number of          Exercise price (p)  Warrants granted as percentage of issued share capital on date of grant

                  Warrants granted
 Anthony Fabrizi  140,000,000        0.35p               2.8%
                  30,000,000         0.45p               0.6%
 Brian Rowbotham  40,000,000         0.35p               0.8%
                  10,000,000         0.45p               0.2%
 Sean King        20,000,000         0.35p               0.4%
                  10,000,000         0.45p               0.2%
 Total            250,000,000                            5.0%

 

The Warrants have an exercise period of 3 year and the exercise prices of
0.35p and 0.45p represent premiums to the closing mid-market price of the
Company's Ordinary Shares on 27 January 2023 of approximately 50 per cent. and
90 per cent. respectively.  The Warrants are not subject to any other
performance criteria.

 

The current issued share capital of the Company comprises 4,992,772,995
ordinary shares.

 

Tony Fabrizi, CEO of Blue Star Capital said that: "As previously notified,
following the portfolio review and accompanying cost cutting, the Company
sought to put in place a management incentive scheme. The terms of the
warrants are consistent with the terms indicated in the review and are
exercisable at significant premia compared to the Company's average share
price over the preceding 6 months. The Board has discussed the terms of the
warrants with the major shareholders and they are supportive of the incentive
they provide."

 

The information contained within this announcement is deemed by the Company to
constitute inside information stipulated under the Market Abuse Regulation
(EU) No. 596/2014, as retained as part of the law of England and Wales.

 

For more information please contact:

 

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

 Cairn Financial Advisers LLP, (Nomad)    +44 20 7213 0880
 Jo Turner / Liam Murray

 

About Blue Star

Blue Star is an investing company with a focus on new technologies. Blue
Star's principal investments include SatoshiPay Limited, a payments business
using blockchain technology; a number of early-stage to mid-level esports
companies, including Guild eSports plc, a global esports business
headquartered in London whose lead investor is David Beckham and Dynasty
Gaming & Media Pte. Ltd., whose B2B white label platform is a full-stack
gaming ecosystem; and Sthaler Limited, an identity and payments technology
business which enables a consumer to identify themselves and pay using just
their finger.

 

 

 Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
 596/2014
 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a.  Name                                                         1.   Anthony Fabrizi

                                                                  2.   Brian Rowbotham

                                                                  3.   Sean King
 2   Reason for notification
 a.  Position/Status                                              1.   Executive Chairman

                                                                  2.   Non-executive Director

                                                                  3.   Non-executive Director

 b.  Initial notification/                                        Initial

     Amendment
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a.  Name                                                         Blue Star Capital plc
 b.  LEI                                                          213800Y6XGR31P2LKT12
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a.  Description of the financial instrument, type of instrument  Warrants over ordinary shares

Identification Code

                                                                  GB00B02SSZ25
 b.  Nature of the transaction                                    Grant of warrants
 c.  Price(s) and volume(s)
                                                                              Price(s)     Volume(s)
     1.   0.35p                                                               140,000,000

     0.45p                                                                    30,000,000

     2.   0.35p                                                               40,000,000

     0.45p                                                                    10,000,000

     3.   0.35p                                                               20,000,000

     0.45p                                                                    10,000,000

 d.  Aggregated information

     - Aggregated Volume                                          250,000,000

     - Price                                                      0.37p

 e.  Date of the transaction                                      27/1/2023
 f.  Place of the transaction                                     UK

4

Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted

a.

Description of the financial instrument, type of instrument

Identification Code

Warrants over ordinary shares

 

GB00B02SSZ25

b.

Nature of the transaction

Grant of warrants

c.

Price(s) and volume(s)

Price(s)

Volume(s)

1.   0.35p

0.45p

2.   0.35p

0.45p

3.   0.35p

0.45p

 

140,000,000

30,000,000

40,000,000

10,000,000

20,000,000

10,000,000

 

d.

Aggregated information

- Aggregated Volume

- Price

 

250,000,000

0.37p

 

e.

Date of the transaction

27/1/2023

f.

Place of the transaction

UK

 

 

 

 

 

 

 

 

 

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