Business
Investment update on Stahler
Investment update on Stahler.
About this update from Blue Star Capital Plc
[{"type":"text","content":"\n \nRNS Number : 5250E Blue Star Capital plc 09 May 2017 \n\nBlue Star Capital plc\n(\"Blue Star\" or the \"Company\")\n \nInvestment update on Stahler\n \n \nBlue Star is pleased to announce that one of its investee companies Sthaler Limited (\"Sthaler\") has successfully raised £3million at a pre-new money valuation of £20 million. This represents a significant uplift to the post-new money value of Sthaler of approximately £9.4 million in January 2017 when Sthaler last raised capital. Blue Star invested £50,000 into Sthaler in June 2015 as part of a total raise by Sthaler of £450,000 with a post money valuation at that time of £3.4 million. \nSthaler is an identity and payments technology business which enables a consumer to identify themselves and pay using just their finger at retail points of sale. \nThe Company has to date invested £50,000 in Sthaler. This latest round of investment in Sthaler values the Company's stake of 1 per cent. at £227,000.\nSthaler is a UK based technology business that has jointly developed Fingopay in conjunction with Hitachi. Fingopay uses a unique finger vein ID process which is considered to be more secure than finger print readers and faster than chip and pin operations. The technology is widely adopted in Japan and it is Sthaler's aim to commercialise the technology in the area of payments globally.\nTony Fabrizi CEO of Blue Star commented: \"We are pleased to see Sthaler is continuing to attract investment and we look forward to Stahler announcing further customers over the coming months.\"\n\nThis announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (\"MAR\"). \n\nFor further information, please contact: \n\n\n\n\nBlue Star Capital plc\n \n\n\n \n\n\n\n\nTony Fabrizi\n\n\n+44 (0) 777 178 2434\n\n\n\n\n \n\n\n \n\n\n\n\nCairn Financial Advisers LLP\n\n\n+44 (0) 20 7213 0880\n\n\n\n\n(Nominated Adviser)\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\nSmaller Company Capital Limited\n\n\n+44 (0) 203 651 2911\n\n\n\n\n(Broker)\nRupert Williams/Jeremy Woodgate\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nAbout Blue Star Capital Plc\nBlue Star is an investing company with a focus on technology and its applications within media and gaming. Blue Sta...