Boxhill Technologies PLC Trading Statement (6728R)
March 04 2019 - 2:00AM
UK Regulatory
TIDMBOX
RNS Number : 6728R
Boxhill Technologies PLC
04 March 2019
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
4 March 2019
BOXHILL TECHNOLOGIES PLC
("Boxhill", the "Group" or the "Company")
Trading & Corporate Update
The Board of Directors of the Company (the "Board") is pleased
to provide the following trading statement and update on recent
developments (the "Update").
Trading Update
Prize Provision Services Ltd. ("PPS"), which operates as an
External Lottery Manager licensed by the Gambling Commission,
continues to make progress with the first scratch cards being
rolled out with Bolton based charity Families and Babies ordering
5,000 cards.
The Lincoln City Academy Sports Club lottery has held it first
draw after transferring its lottery to be administered by PPS in
order to raise money for the club's academy, by buying equipment
and supporting its community coaching program.
The large membership organisation continues its launch
activities with a series of YouTube videos including a new how to
play video. The organisation will be recruiting players through a
series of email campaigns to its members along with live awareness
events at regional and national conferences, with an initial target
of 5,000 new players.
Market Access Ltd., the Group's payment and foreign exchange
("FX") business ("Market Access"), has made encouraging progress
since the end of the financial year, with clients who had seemingly
held back from initiating transactions prior to the publication of
the Company's audited accounts on 30 January 2019, now taking full
advantage of our services.
Month on month volume has increased significantly during
February and early indications are positive, however it is too
early to tell whether this will be sustained. Previously announced
activities are all progressing to plan. The Board will seek to
provide a further update once the trend becomes clearer.
Graeme Paton, CEO, commented, "The Board is very encouraged by
progress across the business and the benefit of the trading in the
Company's shares returning from suspension is clear. We will
continue to keep a close eye on costs, especially as the audit and
related costs following the difficulties of 2H2018 were material.
We will provide further updates as they become necessary but we are
delighted by the increase in activity over the last few weeks."
For further information, contact:
Boxhill Technologies PLC
Lord Razzall, Executive Chairman
Website www.boxhillplc.com 020 7493 9644
Allenby Capital Limited
(Nomad, Financial Adviser & Broker)
John Depasquale / Nick Harriss 020 3328 5656
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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