St James House PLC Company Update (3808H)
31 Juli 2019 - 12:03PM
UK Regulatory
TIDMSJH
RNS Number : 3808H
St James House PLC
31 July 2019
St James House plc
Company Update
("SJH" the "Group" or the "Company")
31 July 2019
Ahead of the annual general meeting of the Company that is being
held later today (the "AGM"), the Board is pleased to provide the
following update.
Progress continues within both the Lottery and Payment divisions
of the Group. The Lottery division remains on target to make a
positive operating contribution to the Group for the second half of
the year to 31 January 2020. The number of lines played has
increased every month for the last 8 months and are up around 35
percent since July 2018.
Within the Payments division, the key focus during the last two
months has been the integration of Another (whose acquisition was
announced on 23 May 2019) and the role-out of the enhanced payment
card offerings, both in terms of payment processing and pre-paid
card issuing. Since the announcement of 9 July 2019, all the
initial 5,000 prepaid cards have been ordered in advance of release
to customers. The Board anticipates further significant new
contracts of both pre-paid cards and merchant services to be
concluded during the next quarter.
For further information, contact:
St. James House PLC
Graeme Paton, CEO
Website www.sjhplc.com 023 9319 0731
Allenby Capital Limited
(Nomad, Financial Adviser & Broker)
John Depasquale / Nick Harriss 020 3328 5656
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END
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