22nd Oct 2014 07:48
LONDON (Alliance News) - Shares in Blue Star Capital PLC dropped in early trade on Wednesday after the company said it had raised GBP175,000 in a discounted share subscription.
The investing company, which focuses on the technology and gaming sectors, said it issued 31.8 million shares at 0.55 pence per share, a discount to its 0.725 pence closing price on Tuesday.
Shares in the company dropped on the news, down 9.7% to 0.655 pence to make it one of the worst performers in the AIM All-Share index.
Blue Star said the proceeds of the share issue will be used to provide working capital and support its current investment portfolio.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Blue Star