SJH.L Regulatory News (SJH)

St James House plc

Result of AGM and Board Changes

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

31 July 2019

Result of AGM

The Company's annual general meeting ("AGM") was held earlier today. All resolutions proposed at the AGM were passed. The Company will publish the full voting results on its website in accordance with the QCA Corporate Governance Code.

Board Changes

At today's AGM and as previously announced, Lord Razzall stood down as Chairman of the Company and from the Board, after nine years in this role. This is in accordance with corporate governance best practice. Clive Hyman, independent non-executive director, also stood down at the AGM.

The Company has today appointed the following new directors to the Board:

·; Roger Mathews - Non-Executive Chairman

·; Kathy Cox - Senior Independent Non-Executive Director

Roger Matthews - Non-Executive Chairman

After initially training and qualifying as an accountant, Roger joined Bank of Bermuda in the early 1970s, helping to establish their mutual funds and corporate trust business, first in Bermuda and subsequently in Hong Kong and Guernsey. In 1987 he joined Royal Bank of Canada as Managing Director of their offshore fund management division and in 1990 was responsible, as a Managing Partner of the corporate trust division, for the Royal Trust Bank range of funds in Jersey. In 1994 he was a director of the trust company operation of one of Jersey's leading law firms, before establishing his own trust company, Obelisk International Trust in 1996. Obelisk International Trust was sold in 2007 to what is now the Imara Group, a large Africa-based financial group, with whom Roger remains involved, including as a Non-Executive Director of their FCA-authorised UK subsidiary, Imara Asset Management (UK) Ltd and Chairman of the group's several mutual funds; this includes the Imara African Opportunities Fund, listed on Euronext Dublin. Roger founded Oyster Trust, a Geneva-based Trust Company in 2011, and remains as its Chairman and Managing Director. Roger specialises in advising high net worth individuals on estate planning and wealth preservation.

Kathy Cox - Senior Independent Non-Executive Director

Kathy has a 40-year career within the UK financial sector, where she rose to senior management positions. During a 15-year stay, Kathy rose to General Manager (Europe) at the Financial Times Information division, before becoming Marketing Director at the London operation of what is now Fitch Ratings. 1998 she commenced working within the secondary personal debt sector, initially with Cabot Financial. In 2004 she began a 10-year role as Group Commercial Director at Capquest Group. In 2014 Capquest was acquired by FTSE-250 listed Arrow Global, where she took the role of Director of UK Originations and was a member of the UK Senior Leadership Team. Since leaving Arrow Global in 2017, Kathy has undertaken a number of consultancy assignments. She is currently Chair of the Kent Savers Credit Union.

It is the intention of the Board to appoint a further independent non-executive director shortly.

Graeme Paton, the Group CEO commented, "The Board would like to thank Tim and Clive for all their hard work, and we wish them well for the future endeavours. The new Board members bring a wealth of experience within the financial services sector, both in the UK and internationally, and we look forward to working with them on building a strong business in the future."

For further information, contact:

Regulatory disclosures

In accordance with Schedule 2(g) of the AIM Rules, Kathryn Ann Cox (aged 57) holds, or has held in the past 5 years, the following directorships and partnerships: 

In accordance with Schedule 2(g) of the AIM Rules, Roger Ronald Matthews (aged 72) holds, or has held in the past 5 years, the following directorships and partnerships: