Blue Star Capital plc
24 March 2006
For immediate release 24 March 2006
BLUE STAR CAPITAL PLC
('Blue Star' or 'the Company')
Investment in Venteco plc
Blue Star Capital plc (AIM: BLU), the company created to provide seed capital
for early stage companies, is pleased to announce it has taken a 8.99 per cent
stake in Venteco plc ('Venteco'), a company that today begins trading on the AIM
market of the London Stock Exchange.
Venteco (AIM: VTO) is a recently formed company established to invest in or
acquire assets, businesses or companies involved in environmentally friendly
pest control technologies, applications or related areas. Venteco has a highly
experienced board of directors with an international track record in the pest
control industry and additional experience in finance and the City.
Blue Star has invested £265,000 in Venteco in return for 11,333,333 ordinary
shares, equivalent to 8.99 per cent of Venteco's share capital.
In total Venteco has raised net proceeds of £3.04 million in its flotation.
Libertas Capital is Venteco's nominated adviser and broker.
Nigel Robertson, Blue Star Capital's Chairman, said: 'The flotation of Venteco
underlines the continued progress in Blue Star's business model. Venteco brings
another area of sector focus to Blue Star's portfolio of investments and we wish
Venteco every success as a quoted company.'
ENDS
For further information:
Blue Star Capital plc Tel: 020 7297 0010
Nigel Robertson, Chairman
Haresh Kanabar, Chief Executive
Teather & Greenwood Tel: 020 7426 9000
Mark Dickenson
Buchanan Communications Tel: 020 7466 5000
Mark Court
Elly Williamson
This information is provided by RNS
The company news service from the London Stock Exchange