TIDMSJH
RNS Number : 0469E
St James House PLC
02 July 2021
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310.
2 July 2021
ST. JAMES HOUSE PLC
("SJH", the "Group" or the "Company")
Appointment of Chief Executive Officer,
Notice of Annual General Meeting and Proposed Name Change
Appointment of Chief Executive Officer
The Board is pleased to announce the appointment today of
Richard Shearer as the Group's Chief Executive Officer and as an
Executive Director of the Company.
Richard is the founder of Tintra Holdings Ltd ("TH"), an
organisation whose primary activities are as a hybrid Family Office
and investment management firm based in Dubai which focuses on
providing solutions to emerging market clients.
Over the last 15 years, Richard has built TH by solving the
problems of ultra-high net worth ("UHNW") high-profile families
from the emerging world, in particular solving issues that others
have been unable to. He has developed deep connections across
Africa, the Middle East and Asia through his concerted efforts over
this time.
His key role has been in structuring solutions for its clients'
complex cross-border issues, as well as sourcing and creating deal
flow in Europe, the US & Australia. This has resulted in TH
arranging investments across hospitality, real estate, film &
television and fintech, amongst many others, for TH's clients.
Richard's role at the Group will be full time and he has been
putting in place succession arrangements for his executive
activities at TH over the last quarter, where he will remain as
Chairman.
Graeme Paton, the previous Chief Executive Officer of the
Company, will remain as an Executive Director, with a specific
focus on developing the Group's activities in merchant acquiring,
as well as assisting in the orderly handover of some of his
existing responsibilities to Mr Shearer.
Tintra Acquisitions Ltd ("TA"), which holds 9.9% of the
Company's issued ordinary share capital and which is controlled by
John Cripps, a director of the Company, is an associated company of
TH. TA and TH dually will enter into a Relationship Agreement with
the Company and Allenby Capital Limited (the Company's Nominated
Adviser) that will, amongst other things, provide undertakings of
separation, avoidance of conflicts of interest and independence
between the Company and both TA and TH, especially in the areas
where the two groups may work together to build the business of the
Group. This will be completed prior to the Company's Annual General
Meeting.
Notice of Annual General Meeting and Proposed Name Change
The Annual General Meeting for the year ending 31 January 2021
will be held at 11.00 am on 30 July 2021 at the Company's
registered office, 59-60 Thames Street, Windsor, Berkshire, SL4 1TX
(the "AGM"). The notice of the AGM will be posted to shareholders
today and a copy will be added to the Company's website,
https://sjhplc.com/regulatory-news/aim-26-rule/.
Among the resolutions being proposed at the AGM is one to change
the name of the Company to Tintra plc.
Given the current situation in relation to COVID-19, this year's
AGM format will be a closed meeting and purely procedural in
format. In addition, all resolutions will be taken on a poll (with
votes cast by proxy). Shareholders should therefore not attend the
AGM in person this year as to do so would be inconsistent with
current government guidelines relating to COVID-19. Shareholders
will still be able to vote by proxy using the usual online and
postal facilities and further details on how to vote are set out in
the Notice of AGM.
To enable shareholders to virtually attend the AGM, the Company
has put in place an online video link, for which shareholders may
register for via the Company's website at
https://sjhplc.com/agm-registration/. Registrations must be
submitted no later than 11.00am on 28 July 2021 by providing the
Company with a valid email address and the shareholder's name and
address details as recorded on the Company's shareholder register
and maintained by the Company's registrar SLC Registrars. Should
shares be held via nominee service, then a valid letter of
confirmation must be provided to enable registration and access to
the video link.
In accordance with Regulation 41 of the Uncertificated
Securities Regulations 2001, the Company specifies that only those
Shareholders registered on the Company's register of members as at
6:30pm on 28 July 2021 (or in the case of adjournment forty-eight
hours before the time of the adjourned meeting) will be entitled to
attend the Annual General Meeting via the video link.
Once shareholder details are confirmed an access link will be
emailed to the shareholder no later than 10.00am on 30 July 2021.
While all votes on resolutions must be submitted in advance by
proxy cards, the Board will be available to answer shareholder's
questions.
The Company's audited annual report and accounts for the year to
31 January 2021 (the "Annual Report") is expected to be published
and final results for the same period announced during the week
commencing 26 July 2021. As a result, the Company will adjourn the
AGM in relation to the resolutions concerning the content of the
Annual Report until mid-August.
For further information, contact:
St. James House PLC
Richard Shearer
Website www.sjhplc.com 020 3655 5000
Allenby Capital Limited
(Nomad, Financial Adviser & Broker)
John Depasquale / Nick Harriss 020 3328 5656
Regulatory disclosures
In accordance with Schedule 2(g) of the AIM Rules, Richard
"Dickie" Alexander Shearer (aged 44) holds, or has held in the past
5 years, the following directorships and partnerships:
Current Past five years
Tintra Holdings Ltd (Ras al Khaimah) Rowley Regis Ltd (UK)
Tintra Financial (Shanghai) Limited
(China) Tintra Holdings Ltd (UK)
Nearchi Investment PLC (Cyprus) Tintra Construction Services
Tintra Capital Ltd (Cyprus) Limited (UK)
Tintra AIF Variable Praetorian Advisors Limited
Capital Investment (UK)
Company Ltd (Cyprus) Tintra Investment Ltd (Cyprus)
St Daniel House Ltd (UK - a Group Tintra Financial Services (Fujairah)
company) Tintra Al Murshidi Investment
LLC (Dubai)
Mr Shearer was a director of Rowley Regis Ltd at the date it was
wound up on 13 November 2017 under a compulsory liquidation.
Mr Shearer was a director of Prism Estates (Thailand) Company
Ltd until 29 April 2012, which was wound up by a Thai court in
2018, following a failed arrangement with creditors that had been
entered into during 2012.
Mr Shearer has no current interest in the ordinary share capital
of the Company.
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END
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