Blue Star Capital plc
("Blue Star" or the "Company")
Disposal of Investment in Vigilant Applications Limited
Blue Star Capital plc, an investing company in technology and gaming, is pleased to announce that it has disposed of its 4.9% holding in Vigilant Applications Limited ("Vigilant Applications" or "VA") to AA Management for a total consideration of £220,000 (the "Disposal").
Blue Star's investment in VA arose in 2012 following the acquisition by VA of the business and assets of Overtis Group Limited ("Overtis"), a company to which Blue Star had originally made a secured loan of £150,000.
The consideration received for the Disposal is in line with the carrying value of VA as at 30 September 2015 of £220,445. The net consideration of £200,000 has been received in full.
The Board continue to monitor a number of investment and corporate opportunities.
Enquiries:
Graham Parr, Chairman
+44 778 891 6111
Tony Fabrizi, Chief Executive
+44 777 178 2434
Cairn Financial Advisers LLP
+44 20 7148 7900
Nomad and Broker
Emma Earl/Jo Turner