18th Jul 2019 12:29
(Alliance News) - Lottery and e-commerce operator St James House PLC said Thursday it mutually agreed to terminate its management agreement with MHC St James Ltd related to its Payments unit following a restructure of the division.
MHC St James is a company controlled by Mark Harris. Harris had served as the director of the Market Access unit of St James House, but after the termination of the management agreement has left St James House to "pursue other business interests."
Following the departure of Mark Harris and the ending of the MHC St James deal, the Payments unit is now under direct responsibility of St James House Chief Executive Officer Graeme Paton.
"The board would like to thank Mark Harris for his valuable contribution in establishing Market Access and seeing it through its first year," Paton said. "We wish him well for the future and look forward to working with Mark in the future on suitable clients."
Shares in St James House - known as Boxhill Technologies PLC until March - were untraded in London on Thursday, last having traded at 41.75 pence.
Related Shares:
SJH.L