Directorate Change and Issue of Warrants
Meinhard Benn appointed Non-executive Director; 500,000 warrants issued at 5p exercise price.
- Exercise price of warrants 5 pence
- Warrant quantity 500,000
- Warrant exercise period 2 years
- Benn's shareholding 2,750,000 ordinary shares (approximately 8%)
- Benn's stake in SatoshiPay approximately 42%
- Company's stake in SatoshiPay 27.9%
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Directorate Change
Issue of Warrants
Blue Star Capital plc (AIM: BLU), the investing company with a focus on blockchain, esports and payments, announces that it has appointed Mr. Meinhard Benn as a Non-executive Director of the Company, with immediate effect.
- Benn currently serves as the founder and Chairman of SatoshiPay since 2014. Mr. Benn is also a director of Flakenwerder Investment UG, his Germany based investment vehicle. Previously, in 2006 he co-founded and established Ecobytes, an eco-friendly internet hosting and services association with an initial aim of providing support to NGOs and individuals as a non-profit organisation.
Information on Mr. Meinhard Benn (age 47) pursuant Schedule Two, paragraph (g) of the AIM Rules for Companies is below.
| Flakenwerder Investment UG | Gravity Berlin GmbH |
SatoshiPay Ltd
Solar Dev Ltd
- Benn is the founder and Chairman of SatoshiPay Ltd, the Company's 27.9% held investee company. Mr. Benn owns approximately 42% of SatoshiPay Ltd and is interested in 2,750,000 ordinary shares in the Company, representing approximately 8% of the Company's issued share capital. Mr. Benn is not interested in any options over ordinary shares in the Company.
Issue of Warrants
Further to the appointment, the Company has agreed to pay the director fees owed to Mr. Benn, via the issue of 500,000 warrants over ordinary shares in the Company ("Director Warrants"). The Director Warrants allow the holder to subscribe for ordinary shares in the Company on a one to one basis, at an exercise price of 5 pence, being the bid price at market close on 13 May 2025, for an exercisable period of two years from the date of this announcement. The Director Warrants are not subject to any other performance criteria, and are under the same terms as the warrants granted to the Directors of the Company on the 17 December 2024.
Tony Fabrizi, Executive Chairman of Blue Star said: "We are delighted that Meinhard has accepted our invitation to join the Board of Blue Star. Meinhard's deep understanding of SatoshiPay and the sector generally is certain to provide invaluable insight over the next critical phase in SatoshiPay's evolution."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.