SJH.L Regulatory News (SJH)

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

20 April 2021

ST. JAMES HOUSE PLC 

 ("SJH", the "Group" or the "Company") 

Exercise of Option, Issue of Shares and Appointment of Director 

Exercise of Option

The Board of Directors of the Company (the "Board") is pleased to announce that further to the announcement of 25 March 2021 (the "Announcement"), Tintra Acquisitions Limited ("Tintra") has today exercised its option to acquire 462,311 ordinary shares of 1 pence each ("Ordinary Shares") at a price of 10 pence per Ordinary Share, for a total value of £46,231.10, in settlement of invoiced Management Services of the same amount, as set out in the Announcement (the "Tintra Shares"). 

Issue of Shares

Following the issue of the Tintra Shares, Tintra will hold the equivalent to 9.90 per cent of the issued Ordinary Shares. An application will be made to admit to trading on AIM the Tintra Shares on or around 23 April 2021 ("Admission"). Following Admission, the Shareholdings of the Board and Significant Shareholders (as defined in the AIM Rules for Companies) will be as follows, to the best of the Company's knowledge:

1. Includes Ordinary Shares held by Moorhen Limited, a company controlled by Mr Jackson and 33,333 Ordinary Shares, Post Changes, to be held by Tilly Beazley, Mr Jackson's wife.

2. Includes 100,000 Ordinary Shares held by MDC Nominees Limited, a company controlled by Mr Botros. Mr Botros is a subsidiary director of the Group.

3. Includes Ordinary Shares held by Management Express Limited, a company controlled by Mr Rose. Mr Rose is a subsidiary director of the Group.

4. J M Malone is Mr Botros' wife. Includes 160,000 Ordinary Shares held by Bluedale Corporate Limited, a company controlled by Ms Malone.

* Director of the Company.

Appointment of Director

The Board is pleased to announce the appointment today of John Cripps as the Company's Non-Executive Director. Mr Cripps is the sole director and shareholder of Tintra.

John Patrick Cripps is a civil, commercial, and family mediator. He has dealt with insurance related disputes and has been involved with family and relationship issues. He also has a business development consultancy and has been on the Board of the Kensington & Chelsea Chamber of Commerce Ltd for over 10 years, where he is currently President having been Chairperson previously. His earlier career was spent at a number of firms involved in the Lloyd's Insurance Market, where he held a variety of roles, and later in facilities management for a large City-based fund manager.

Total Voting Rights

On Admission, the Company will have 4,669,808 Ordinary Shares in issue, each with one voting right. There are no shares held in treasury. Therefore, the Company's total number of Ordinary Shares and voting rights will be 4,669,808 and this figure may be used by shareholders from Admission as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information, contact: 

Regulatory disclosures 

In accordance with Schedule 2(g) of the AIM Rules, John Patrick Cripps (aged 66) holds, or has held in the past 5 years, the following directorships and partnerships:

Mr Cripps was a director of Minories Underwriting Agencies Limited, which was subject to an administration order on 1 April 1996, and subsequently solvently liquidated by its members on 27 February 2002. Mr Cripps has no current interest in the Ordinary Shares; Tintra will hold 462,311 Ordinary Shares on Admission.