3 December
2024
Blue Star Capital
plc
("Blue
Star" or the "Company")
Movement in Share
Price
Blue Star Capital plc (AIM: BLU),
the investing company with a focus on esports and blockchain and
its applications within gaming and payments, notes the recent
significant rise in the Company's share price. The Board
confirms that it is not aware of any reason for this increase nor
any material developments with its investee companies that are not
already in the market.
Further to its announcement of 7
October 2024, whilst the Company has no further information in
relation to the success of SatoshiPay's fundraise for Vortex, the
Company has expressed an interest in participating. For this
to occur, the Company would need to conduct its own fundraising,
conditional on shareholder approval for a capital reorganisation as
the nominal value of its shares is currently below its share
price.
There can be no certainty that
either SatoshiPay or the Company will be able to complete their
respective fundraises. The Company will update the market further
once it is in a position to do so.
For
further information please contact:
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Blue Star Capital plc
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+44 (0) 777 178 2434
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Tony Fabrizi
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Cairn Financial Advisers LLP
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+44 (0) 20 7213 0880
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(Nominated Adviser)
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Jo Turner / Liam Murray / Ed
Downes
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Axis Capital Markets Limited
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+44 (0) 20 3026 0449
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(Sole Broker)
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Ben Tadd / Lewis Jones
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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.
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.