31 Jul 2019 11:03
St James House plc
Company Update
("SJH" the "Group" or the "Company")
31 July 2019
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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.
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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.
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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.
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For further information, contact:
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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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