Business
Placing and Investments in Esports Opportunities
Placing and Investments in Esports Opportunities.
About this update from Blue Star Capital Plc
[{"type":"text","content":"\n \nRNS Number : 7010P Blue Star Capital plc 14 October 2019 \n\nTHIS ANNOUNCEMENT AND THE INFORMATION IN IT, IS RESTRICTED, AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT HAS BEEN ISSUED BY AND IS THE SOLE RESPONSIBILITY OF THE COMPANY.\n \nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER FOR SALE OR SUBSCRIPTION IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\n \n \n \n \n14 October 2019\nBlue Star Capital plc\n(\"Blue Star\" or the \"Company\")\n \nPlacing and Investments in Esports Opportunities\n \n \nBlue Star Capital plc (AIM: BLU), the investing company with a focus on technology and its applications within media and gaming, is pleased to announce that it has conditionally placed (the \"Placing\") 900,000,000 new ordinary shares of 0.1p each in the Company (\"Ordinary Shares\") (the \"Placing Shares\") at a placing price of 0.1p per Placing Share (the \"Placing Price) to raise in aggregate £900,000. The net proceeds of the Placing will be invested in certain esports opportunities described below.\n \nThe Placing, which has been carried out by Smaller Company Capital Limited, the Company's broker, on behalf of the Company comprises two elements:\n \n1 a firm Placing of 450,000,000 Placing Shares (the \"First Placing\") at the Placing Price to raise in aggregate £450,000 conditional only upon the completion of the first part of the Investment Agreement (detailed below) and the admission to trading of those Placing Shares on AIM (the \"First Admission\"); and\n2 a conditional Placing of 450,000,000 Placing Shares (the \"Second Placing\") at the Placing Price to raise in aggregate £450,000 conditional on: (i) the First Placing having completed; (ii) resolutions (the \"Resolutions\") having been passed at a general meeting of...