Update on Subscription, St James House PLC, 2020-05-11






RNS Number : 4889M
St James House PLC
11 May 2020
 

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

Roger Matthews

Website www.sjhplc.com

 

020 3655 5000

Allenby Capital Limited

(Nomad, Financial Adviser & Broker)

John Depasquale / Nick Harriss

020 3328 5656

 

 

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