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LONDON - Blue Star Capital plc (AIM:BLU), an investment company specializing in blockchain, esports, and payment technologies, has announced the appointment of Mr. Meinhard Benn as a Non-executive Director. The appointment took effect immediately on Wednesday.
Mr. Benn, 47, is the founder and Chairman of SatoshiPay, a company in which Blue Star Capital holds a 27.9% stake. He also manages his own investment vehicle, Flakenwerder Investment UG, based in Germany. His previous ventures include co-founding Ecobytes in 2006, a non-profit organization offering eco-friendly internet hosting and services.
Holding approximately 42% of SatoshiPay Ltd, Mr. Benn has a significant interest in the company, as well as ownership of around 8% of Blue Star’s issued share capital, translating to 2,750,000 ordinary shares. He does not have any options over ordinary shares in Blue Star.
In conjunction with his directorship, Mr. Benn has been issued 500,000 warrants over ordinary shares in Blue Star. These "Director Warrants" are exercisable at a price of 5 pence per share, the bid price at market close on Tuesday, and can be exercised anytime within two years from the date of this announcement. The terms of these warrants are consistent with those granted to other Directors of the company on December 17, 2024, and are not tied to any performance criteria.
Tony Fabrizi, Executive Chairman of Blue Star, expressed his pleasure at Mr. Benn’s board inclusion, anticipating that his profound knowledge of both SatoshiPay and the broader sector will contribute significantly to the company’s forthcoming developments.
This announcement has been identified as containing inside information in line with the UK Market Abuse Regulation. The Directors of Blue Star Capital are responsible for the content of this release, which is based on a press release statement.
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