St James House PLC Update on Subscription (4889M)

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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 GBP500,000 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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May 11, 2020 06:00 ET (10:00 GMT)