TIDMBLU
RNS Number : 6611E
Blue Star Capital plc
09 November 2020
9 November 2020
Blue Star Capital plc
("Blue Star" or the "Company")
Replacement: Exercise of Warrants and Director's Dealing
Blue Star Capital plc (AIM: BLU), the investing company with a
focus on esports, payments, technology and its applications within
media and gaming, advises that the details of the outstanding
warrants announced earlier under the title 'Exercise of Warrants
and Director's Dealing' with RNS number 5934E were incorrect. The
total number of warrants outstanding is 1,299,333,000 of which
707,666,000 warrants are exercisable at 0.175p on or before 8 June
2021 and 591,667,000 warrants are exercisable at 0.25p on or before
6 November 2021.
All other details remain unchanged and the full text of the
announcement follows:
Blue Star Capital plc
("Blue Star" or the "Company")
Exercise of Warrants and Director's Dealing
Blue Star Capital plc (AIM: BLU), the investing company with a
focus on esports, payments, technology and its applications within
media and gaming, has been notified of the exercise of warrants
over 95,000,000 new ordinary shares at a price of 0.1p per share
and of a director's dealing as detailed below.
Exercise of Warrants
On 14 October 2019, the Company announced that had agreed to
issue warrants to Jonathan Bixby, through his Company Toro
Consulting Ltd and to certain directors conditional on the
completion of the initial fundraising in connection with the
Company's esports investment portfolio. The warrants granted
included warrants over 300,000,000 new ordinary shares with an
exercise date of 6 November 2020 and an exercise price of 0.1p per
share.
The Company was notified on 6 November 2020 that shareholders
including Anthony Fabrizi, a director of the Company, had exercised
warrants over 95,000,000 new ordinary shares ("New Ordinary
Shares"). The exercise of the warrants has raised GBP95,000 for the
Company and the remainder of the warrants due to mature on 6
November 2020 have now expired.
Following the exercise and expiry of warrants detailed above,
the Company has warrants outstanding over 1,299,333,000 new
ordinary shares of which 707,666,000 warrants are exercisable at
0.175p on or before 8 June 2021 and 591,667,000 warrants are
exercisable at 0.25p on or before 6 November 2021.
In connection with his exercise of warrants, Anthony Fabrizi
notified the Company on 6 November 2020 that, on the same day, he
sold 10,000,000 shares in the Company at an average price of
0.152p.
Director's Dealing
As a result of the exercise of warrants and the sale of shares
detailed above, the following dealings by a director have
occurred:
Name Holding prior to Number of shares Number of shares Holding following Holding as a
transactions sold acquired subject sale and percentage of
to exercise of Admission issued share
warrants capital following
Admission
Anthony Fabrizi 62,000,000 10,000,000 25,000,000 77,000,000 1.86%
Application will shortly be made for the 95,000,000 New Ordinary
Shares to be admitted to trading on AIM ("Admission") and dealings
are expected to commence on or around 13 November 2020. The New
Ordinary Shares will rank pari passu with the Company's existing
ordinary shares.
Total Voting Rights
In conformity with DTR 5.6.1, the Company notifies that as at
the date of this announcement, it has a single class of shares in
issue being Ordinary Shares and that following the issue of the New
Ordinary Shares to be issued in connection with the conversion of
his loan notes, the total number of Ordinary Shares in issue will
be 4,144,249,518. There are no Ordinary Shares held in treasury.
Each Ordinary Share entitles the holder to a single vote at general
meetings of the Company.
The figure of 4,144,249,518 Ordinary Shares may be used by
shareholders (and others with notification obligations ) as the
denominator for the calculations by which they will determine
whether they are required to notify their interest in, or a change
to their interest in, the Company under the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.
The following disclosure in the table below, in accordance with
the requirements of Article 19(1) of Regulation (EU) No. 596/2014,
provides further detail on the sale of shares and exercise of
warrants.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014
For further information please contact:
Blue Star Capital plc
Tony Fabrizi +44 (0) 777 178 2434
Cairn Financial Advisers LLP
Jo Turner / Liam Murray +44 (0) 20 7213 0880
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 Anthony Fabrizi
--------------------------------------------------
2 Reason for notification
----------------------------------- --------------------------------------------------
a. Position/Status Chief Executive Officer
----------------------------------- --------------------------------------------------
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 213800WAVVOPS85N2205
----------------------------------- --------------------------------------------------
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 Ordinary Shares
the financial
instrument, type
of instrument ISIN: GB00B02SSZ25
Identification
Code
----------------------------------- --------------------------------------------------
b. Nature of the Sale of shares at a price of 0.152 pence
transaction Exercise of warrants at an exercise price
of 0.1 pence
----------------------------------- --------------------------------------------------
c. Price(s) and volume(s) Volume(s) Exercise Price
(p)
----------------------------------- -------------------
10,000,000 0.152
------------------- ------------------------
25,000,000 0.1
------------------- ------------------------
d. Aggregated information 35,000,000
- Aggregated Volume
- Price 0.152 and 0.1 pence per share
----------------------------------- --------------------------------------------------
e. Date of the transaction 06/11/2020
----------------------------------- --------------------------------------------------
f. Place of the transaction London Stock Exchange, AIM
----------------------------------- --------------------------------------------------
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END
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