Business
SatoshiPay Share Acquisition
SatoshiPay Share Acquisition.
About this update from Blue Star Capital Plc
[{"type":"text","content":"\n\n26 June 2025\nBlue Star Capital plc\n \n(\"Blue Star\" or the \"Company\")\n \nSatoshiPay Share Acquisition\n \nBlue Star Capital plc (AIM: BLU), the investing company with a focus on blockchain, esports and payments, announces that it has entered into agreements with Danny Masters, Non-executive Director of SatoshiPay Ltd (\"SatoshiPay\"), and Meinhard Benn, Chairman and founder of SatoshiPay and a director of the Company, to acquire shares in SatoshiPay held by them for shares in the Company (\"Acquisition\"). As a result, the Company has increased its holding in SatoshiPay to approximately 50.0%.\n \nDetails of the Acquisition\nAs previously announced, the Board of Blue Star maintains its confidence in SatoshiPay's technology, which connects the fiat financial system to the DeFi ecosystem. Additionally, the Company announced its intention to explore investments into areas such as the establishment of a digital asset treasury function. This form of treasury management is an integral part in the development and promotion of Vortex's business model. The Company will continue to explore ways to provide additional liquidity to Vortex through SatoshiPay expanding its existing digital asset treasury function.\n \nPursuant to the terms of the Acquisition, the Company has agreed to acquire, in aggregate, approximately 4,500 shares in SatoshiPay, representing approximately 22.0% of SatoshiPay's issued share capital in consideration for the issue of 4,412,096 new Ordinary Shares of £0.001 each in the Company (\"Acquisition Shares\") at a price of 20 pence per new Ordinary Share (\"Issue Price\") (the \"Agreements\"). As a result of the Acquisition, the Company will become the largest shareholder in SatoshiPay. Following completion of the Acquisition, Meinhard Benn will hold approximately 25.0% of SatoshiPay and will hold 5,946,846 shares in the Company representing approximately 15.0% of the Company's enlarged issued share capital following admission of the Acquisition Shares.\n \nAdmission and Total Voting Rights\nIn order for the share transfers to be effected, application has been made for the Acquisition Shares to be admitted to trading on AIM (\"Admission\"). It is expected that Admission will become effective at 8:00 a.m. on or around 9 July 2025.\n \nOn Admission, the Enlar...