Business
Disposal of Investment in Vigilant Applications
Disposal of Investment in Vigilant Applications.
About this update from Blue Star Capital Plc
[{"type":"text","content":"\n \nRNS Number : 1960Z Blue Star Capital plc 25 May 2016 \n\nBlue Star Capital plc\n(\"Blue Star\" or the \"Company\")\n \nDisposal of Investment in Vigilant Applications Limited\n \nBlue Star Capital plc, an investing company in technology and gaming, is pleased to announce that it has disposed of its 4.9% holding in Vigilant Applications Limited (\"Vigilant Applications\" or \"VA\") to AA Management for a total consideration of £220,000 (the \"Disposal\"). \nBlue Star's investment in VA arose in 2012 following the acquisition by VA of the business and assets of Overtis Group Limited (\"Overtis\"), a company to which Blue Star had originally made a secured loan of £150,000.\nThe consideration received for the Disposal is in line with the carrying value of VA as at 30 September 2015 of £220,445. The net consideration of £200,000 has been received in full.\nThe Board continue to monitor a number of investment and corporate opportunities.\nEnquiries:\n\n\n\n\nBlue Star Capital plc\n\n\n \n\n\n\n\nGraham Parr, Chairman\n\n\n+44 778 891 6111\n\n\n\n\nTony Fabrizi, Chief Executive\n\n\n+44 777 178 2434\n\n\n\n\n \n\n\n \n\n\n\n\nCairn Financial Advisers LLP\n\n\n+44 20 7148 7900\n\n\n\n\nNomad and Broker\n\n\n \n\n\n\n\nEmma Earl/Jo Turner\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END DISLLFLAESISFIR\n ","length":3756,"tagName":"div"}]