This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
11 May 2020
ST. JAMES HOUSE PLC
(“SJH”, the “Group” or the “Company”)
Update on Subscription
Further to the announcement of 1 May 2020, the Company can confirm that the monies due under the subscription originally announced on 31 January 2020 remain outstanding. Legal proceedings by way of a formal statutory demand for payment has been issued to Mr Michael Peters, who had provided a personal surety on the monies due. Mr Peters and the company remain in discussion in the hope that it will be possible to complete the original subscription for £500,000 shortly.
For further information, contact:
St. James House PLC
020 3655 5000
Allenby Capital Limited
(Nomad, Financial Adviser & Broker)
John Depasquale / Nick Harriss
020 3328 5656