Business
Venteco plc Investment
Venteco plc Investment.
About this update from Blue Star Capital Plc
[{"type":"text","content":"\n Blue Star Capital plc\n24 March 2006\n\n\nFor immediate release 24 March 2006\n\n\n BLUE STAR CAPITAL PLC\n ('Blue Star' or 'the Company')\n\n\n Investment in Venteco plc\n\n\nBlue Star Capital plc (AIM: BLU), the company created to provide seed capital\nfor early stage companies, is pleased to announce it has taken a 8.99 per cent\nstake in Venteco plc ('Venteco'), a company that today begins trading on the AIM\nmarket of the London Stock Exchange.\n\nVenteco (AIM: VTO) is a recently formed company established to invest in or\nacquire assets, businesses or companies involved in environmentally friendly\npest control technologies, applications or related areas. Venteco has a highly\nexperienced board of directors with an international track record in the pest\ncontrol industry and additional experience in finance and the City.\n\nBlue Star has invested £265,000 in Venteco in return for 11,333,333 ordinary\nshares, equivalent to 8.99 per cent of Venteco's share capital.\n\nIn total Venteco has raised net proceeds of £3.04 million in its flotation.\nLibertas Capital is Venteco's nominated adviser and broker.\n\nNigel Robertson, Blue Star Capital's Chairman, said: 'The flotation of Venteco\nunderlines the continued progress in Blue Star's business model. Venteco brings\nanother area of sector focus to Blue Star's portfolio of investments and we wish\nVenteco every success as a quoted company.'\n\n\n\n ENDS\n\nFor further information:\n\n\nBlue Star Capital plc Tel: 020 7297 0010\nNigel Robertson, Chairman\nHaresh Kanabar, Chief Executive\n\nTeather & Greenwood Tel: 020 7426 9000\nMark Dickenson\n\n\nBuchanan Communications Tel: 020 7466 5000\nMark Court\nElly Williamson\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":2062,"tagName":"div"}]