(BLU.L) Blue Star Capital PLC Buy/Sell

RNS Number : 3554A Blue Star Capital plc 07 October 2009

Blue Star Capital plc

(the "Company")

Director's Dealing

The Board of the Company announces that it has granted options to subscribe for 9,621,666 ordinary shares of 0.1p each, in aggregate, to directors, non-executive directors and employees of the Company. Each option has an exercise price of 4.5p per ordinary share, being the closing price on the day immediately prior to the grant of the options, and may be exercised at any time in the next five years subject to the vesting criteria being met.

Following this grant of options the interests of the Directors are set out below:

Director Options Granted Number of Ordinary Shareholding as a Number of options Total options as a
Shares held percentage of issued held percentage of issued
share capital share capital
Lord Dear 1,252,818 - - 1,252,818 0.83
Richard Leaver 6,067,236 1,243,359 0.83 6,067,236 4.04
Peter Varnish OBE 939,614 - - 939,614 0.63
General Sir Michael Wilkes 939,614 - - 939,614 0.63
Claire Hastings 422,384 - - 422,384 0.28

Total 9,621,666 1,243,359 0.83 9,621,666 6.40

This issue of options is deemed to be a related party transaction under Rule 13 of the AIM Rules. As there are no independent directors, Dowgate Capital Advisers plc, being the Company's Nominated Adviser, is satisfied that those terms are fair and reasonable insofar as the Company's shareholders are concerned.

The Company's issued share capital consists of 150,260,935 ordinary shares of 0.1p each.

For further information, please contact:

Blue Star Capital plc Tel: 0207 034 4980

Richard Leaver, Chief Executive Officer
Dowgate Capital Advisers plc Tel: 020 7492 4777

Lindsay Mair / Jo Turner

This information is provided by RNS The company news service from the London Stock Exchange

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