Company Update

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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