19th Nov 2013 10:44
LONDON (Alliance News) - Blue Star Capital PLC Tuesday said it has appointed Graham Parr as the successor to Geoffrey Dear, who has retired from the board as non-executive chairman.
Blue Star, which recently changed its investment strategy to focus on the media, technology and gaming sectors, said Parr has "particular expertise" in the gaming sector.
Amongst other appointments, Parr has previously been the chairman of Gaming International Limited and Ocean Parcs Limited, as well as serving as the non-executive chairman of AIM-listed Probability PLC until August 2012.
Blue Star said Dear will receive 3 million warrants, because the directors have received no cash remuneration in the last six months. The warrants are exercisable at a price of 0.6 pence until October 2016. As part of his remuneration, Parr will also receive 3 million warrants under the same terms.
Blue Star Capital shares were Tuesday quoted at 0.512 pence, up 0.012 pence, or 2.40%.
By Samuel Agini; [email protected]; @samuelagini
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