REG - Blue Star Capital - Result of General Meeting

Blue Star CapitalAnnouncement

06/01/2025 12:00

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RNS Number : 2689S  Blue Star Capital plc  06 January 2025

06 January 2025

Blue Star Capital plc

 

("Blue Star" or the "Company")

 

Result of General Meeting

Completion of Capital Reorganisation

 

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, at the General Meeting held today, all resolutions were duly
passed.

As a result of the resolutions having been passed, shareholders have now
approved the Capital Reorganisation. At the Record Date of 6:00 p.m. 6 January
2025, every 200 Existing Ordinary Share of £0.001 each in the issued share
capital of the Company will be consolidated into one (1) Consolidated Share of
£0.20 each. Subsequently, each Consolidated Share will be subdivided into one
(1) New Ordinary Share of £0.001 and one hundred and ninety (199) Deferred
Shares of £0.001 each. The New Ordinary Shares created upon implementation of
the Capital Reorganisation will have the same rights as the Existing Ordinary
Shares including voting, dividend and other rights.

Admission and Total Voting Rights

 

Application has been made for the New Ordinary Shares and the Subscription
Shares to be admitted to trading on AIM ("Admission"). It is expected that
Admission will become effective at 8:00 a.m. on or around 7 January 2025.

On Admission, the Enlarged Issued Share Capital of the Company will be
32,963,865 new ordinary shares, with no shares held in Treasury. Therefore,
the total voting rights in the Company following Admission will be 32,963,865
and this figure may be used by shareholders in the Company as the denominator
for the calculations by which they will determine if they are required to
notify their interest in, or a change in their interest in, the share capital
of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms in this announcement have the meaning ascribed to them in
the Definitions section of the Circular.

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation. The Directors of the Company take responsibility for
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)
 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 experienced blockchain
company with a strong track record in innovative payment solutions; Lets Play
Live, 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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