ClearStar,Inc. Rule 17 Notification (9529H)
04 December 2015 - 3:14AM
UK Regulatory
TIDMCLST TIDMCLSU
RNS Number : 9529H
ClearStar,Inc.
03 December 2015
3 December 2015
ClearStar, Inc.
("ClearStar" or the "Company")
Rule 17 Notification
The following information is disclosed under paragraph (g),
Schedule 2 and AIM Rule 17 of the AIM Rules for Companies.
The Company announces that Wildnet Limited, a company of which
Barney Quinn, Non-Executive Chairman of ClearStar, was recently a
director, was put into Creditors Voluntary Liquidation on 3
December 2015.
Wildnet was a small private software company in which Mr Quinn
had previously invested. It has outstanding liabilities owed to
third party and trade creditors of approximately GBP17,000. In
addition, Wildnet has an outstanding shareholder loan note of
approximately GBP1.1 million. Wildnet is being wound up following a
decision by its shareholders that they no longer wish to support
the business.
Enquiries:
ClearStar
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Robert Vale, Chief Executive
Officer
David Pattillo, Chief Financial
Officer +1 770 416 1900
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Cenkos Securities (Nominated
Adviser and Broker)
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Max Hartley, Corporate Finance
Julian Morse, Sales +44 20 7397 8900
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Luther Pendragon
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Harry Chathli, Claire Norbury,
Oliver Hibberd +44 20 7618 9100
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About ClearStar
ClearStar is a technology and service provider to the background
check industry, supporting background screening companies,
employers and employees with their recruitment and employment
application decisions. ClearStar provides employment intelligence
to its clients through a suite of IT applications for day-to-day
use in their business. Employment intelligence aims to improve
business insight to support better recruitment and other decisions
affecting employees generally, by increasing the quality,
reliability and visibility of information available to
management.
The Directors of ClearStar believe that the Company offers one
of the most complete independent IT application suites that provide
employment intelligence. The suite comprises of a collection of
applications which utilises data from over 3,000 sources ranging
from résumés to records with local authorities. ClearStar's primary
business involves searching the relevant source of data for speci c
employment intelligence information based on clients' bespoke
requirements for its employment applicants. ClearStar extracts the
required input and this information is then processed, allowing the
client to make a swift decision in respect of the relevant
applicant, thereby minimising bottlenecks in the hiring process.
ClearStar's 'Aurora' platform has delivered employment intelligence
to over 27,000 employers, including many global blue-chip
companies.
www.clearstar.net
This information is provided by RNS
The company news service from the London Stock Exchange
END
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