# INTERVIEW: Blue Star Capital plc Further re: investment in SatoshiPay

- Link: https://www.directorstalkinterviews.com/interview-blue-star-capital-plc-re-investment-satoshipay/412726643
- Published: 2017-04-04T07:33:19+01:00
- Author: Giles Arbor

**Blue Star Capital plc** (LON:BLU), the investing company with a focus on technology
and its applications within media and gaming, announces an update following its 
announcement on 2 March 2017 regarding its further investment in SatoshiPay (“Investment”)
and issue of 268,213,880 new ordinary shares of Blue Star to FastFoward as consideration
for the Investment (the “Announcement”).

SatoshiPay founder Meinhard Benn talks to DirectorsTalk about its nanopayment technology.
Meinhard explains what makes the system special, why it’s easy to use, how it will
generate money and what we can expect to see from the company over the coming months.
While SatoshiPay is not listed on the London Stock Exchange, Meinhard also explains
that Blue Star Capital are a large shareholder in the company.

 At the time of entering into the SPA regarding the Investment, as a result of 
the Consideration Shares to be issued to FastForward comprising approximately 21.7
percent. of the issued share capital of the Company, the Directors of Blue Star 
Capital Plc considered that it was in the best interests of shareholders for the
Consideration Shares to be subject to a staged lock-in agreement over a period of
9 months (“lock-in arrangements”). Following the Announcement and completion of 
the Investment, the Directors believe that the lock-in arrangements may have led
to the share price of Blue Star under-performing compared to the Director’s expectations
whilst shareholders and potential new investors wait for each lock-in period to 
end. Taking this into account and the strong interest in the Company’s placing of
new ordinary shares in January 2017, the Directors have agreed that, subject to 
the broker finalising arrangements to place out the existing Consideration Shares
to a variety of investors on terms that the Directors consider are acceptable, the
lock-in arrangements may be terminated. The Directors believe that this will be 
in the best interests of shareholders. The Directors will provide an update in the
event that the existing Consideration Shares are successfully placed-out with new
shareholders.

Unless otherwise stated, capitalised terms used in this announcement have the meaning
as set out in the Announcement.

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