Subscription and Appointment of Corporate Adviser
Blue Star Capital plc has successfully raised £250,000 through a subscription of 3,571,429 new ordinary shares at £0.07 each, and has also issued 1,785,715 warrants with an exercise price of £0.12. The company has appointed Marex Financial as its Corporate Adviser to focus on institutional marketing, trading support, and US capital markets access. Following the admission of the new shares, expected around June 24, 2026, the total voting rights will be 51,124,663.
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Blue Star Capital plc (AIM: BLU), the investing company with a focus on blockchain and payments, announced that it has raised gross proceeds of £250,000 via a subscription for 3,571,429 new ordinary shares ("Subscription Shares") of £0.001 each ("Ordinary Shares") in the Company at a price of £0.07 each per share ("Issue Price") (the "Subscription").
Further to the above, the Company has issued the subscriber 1,785,715 warrants over Ordinary Shares in the Company, with an exercise price of £0.12 and an exercise period of 18 months from the date of the Subscription.
Appointment of Corporate Adviser
Additionally, the Company announces the appointment of Marex Financial ("Marex") as Corporate Adviser to the Company.
Marex has been appointed to provide corporate advisory services with a particular focus on institutional marketing, trading support and access to US capital markets, in support of the Company's strategy.
Marex is a leading corporate advisory firm which, with its recent acquisition of Winterflood Securities, one of the UK's leading market makers, has further enhanced its equities' platform and capabilities across trading, distribution and market making.
Admission and Total Voting Rights
Application will be made for the 3,571,429 Subscription Shares to be admitted to trading on AIM ("Admission") with Admission expected to become effective at 8:00 a.m. on or around 24 June 2026.
Following Admission of the Subscription Shares, the enlarged issued share capital of the Company will comprise 51,124,663 ordinary shares, with no shares held in Treasury. Therefore, the total voting rights in the Company following Admission will be 51,124,663 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
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