Tintra PLC - Windsor, Berkshire-based investment and advisor company formerly known as St James House - Decides, moving forward, to best follow new strategy, of becoming an electronic money institution by the UK Financial Conduct Authority, is through acquisition.
"The board has identified a potential target and accordingly is in advanced negotiations with the target. No binding contract with the target has been finalised at this stage and accordingly, there can be no assurance that this or any other acquisition will complete until contracts between parties are finalised," company explains.
Also notes that it receives bid for lottery administration business, which is under review.
"A decision on this is expected to be taken within two weeks," company adds.
Finally, ends talks over AI joint venture, with announcement to be made next week.
Says board members Arno Rudolf and Graeme Paton are stepping down.
Current stock price: 69.80 pence
Year-to-date change: up 75%
By Paul McGowan; paulmcgowan@alliancenews.com
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