TIDMBOX
RNS Number : 5636Q
Boxhill Technologies PLC
02 September 2014
2 September 2014
BOXHILL TECHNOLOGIES PLC
("Boxhill", the "Group" or the "Company")
Boxhill Technology PLC subsidiary launches new cash solution for
live Casinos,
Issue of Equity and Notification of Shareholdings.
The Company is delighted to announce that the first Casino Cash
machines operated by its wholly owned subsidiary, Pay Corporation
Limited ("PayCorp"), have been installed and are operational after
successful testing at London's iconic Hippodrome Casino. Additional
contracts have been signed with the next machine to be installed at
the new Hilton Park Lane Casino, eight further sites have been
agreed subject to contract covering many of London's most
prestigious casinos.
Phil Jackson of Boxhill PLC commented, "Unless they carry large
amounts of cash, casino visitors are often limited to the maximum
daily withdrawal limit set by their card issuer. The ATM itself may
also have an additional cash withdrawal limit per transaction. For
many players this restricts them from obtaining the larger amounts
they wish to play for - there is a significant group of casino
visitors who want to stake amounts in excess of GBP500 and do not
have arrangements with casinos - Casino Cash allows those players
to access larger amounts of money at the casino."
Casinos are keen to host the machines as a service to their
customers and PayCorp has sites planned for another eight machines
in London and is surveying sites across the country over the coming
two quarters. More information about the service is available at
www.casino-cash.co.uk.
There is a significant need for accessing cash on casino
premises, with some sites expected to distribute over GBP10,000,000
annually, the company believes that this service will become an
important contributor to the Group as it continues to work with a
diverse range of customers. Not only does Casino Cash deliver a
valuable service to casino customers, it also captures data on
those players who will spend between GBP1,000 and GBP100,000 per
visit and can work with the casinos to enhance the player
experiencefor this important group of customers.
Simon Thomas, CEO and Chairman of The Hippodrome, said "We have
worked very closely with the Casino Cash team to help develop a
system that, in line with our philosophy, keeps the customer's
needs at the centre of their thinking and we are pleased with the
customer response. They find the cash advance facility intuitive to
use. The Hippodrome is a stunning venue and we like to ensure that
all services available on site meet our exacting standards. I
believe that Casino Cash will do just that - and it's a great
addition to the venue."
Issue of Equity
The Company has received a conversion notice for the remaining
GBP46,875 of the GBP250,000 loan announced on 13 September 2013
(the "Loan"), which will result in the issue of 28,846,154 new
ordinary shares of 0.1p in the Company ("Ordinary Shares") at an
issue price of 0.1625 pence per Ordinary Share. An application has
been made for the admission of the 28,846,154 new Ordinary Shares
to trading on AIM with effect from 5 September 2014.
Please note there was an error in the announcement of 14 July
2014 relating to the Loan. GBP203,125 of the Loan, not GBP206,250
was converted through the issue of the 125,000,000 Ordinary Shares
at the conversion price of 0.1625p per Ordinary Share.
Change in Substantial Shareholdings
The Company announces that on 29 August 2014 it was informed
that Neil Graham Barden no longer has an interest in SmartePay
Limited ("SmartePay"), which holds 292,405,798 Ordinary Shares.
SmartePay is now owned by Andrew Presley, Paul Aspden and William
Jones. Mr Barden no longer has any notifiable interest in the
Ordinary Shares of the Company.
The Company was also informed on 29 August 2014 that John Botros
had transferred the ownership in his entire holding of 48,236,391
Ordinary Shares to his wife, Jadine Margaret Malone.
Total Voting Rights
The Company will now have a total of 1,455,829,770 Ordinary
Shares in issue (the "Enlarged Share Capital"). The Company holds
no Ordinary Shares in treasury. Therefore, the total number of
Ordinary Shares with voting rights is 1,455,829,770. This figure
may be used by shareholders in the Company as the denominator for
the calculations by which they will determine if they are required
to notify their interest in, or a change to their interest in, the
share capital of the Company.
Following the above transfers and share issue, the disclosed
shareholdings in the Company will be as follows:
Shareholder Number of Ordinary Percentage of Enlarged
Shares Held Share Capital Held
SmartePay 292,405,798 20.09%
James Rose 236,656,580 16.26%
Viltek Limited 120,000,000 8.24%
Tim Razzall 80,965,986 5.56% *
Jadine Malone 48,236,391 3.31%
Andrew Flitcroft 25,674,408 1.76% *
* Directors
Further updates will be announced as appropriate.
For further information contact:
Boxhill Technologies PLC 020 3021 1944
Philip Jackson, CEO
Website www.boxhillplc.com
Allenby Capital Limited (Nomad & Broker)
Nick Harriss/Nick Athanas/James Reeve 020 3328 5656
Notes to editors:
Boxhill Technologies Plc (AIM:BOX), is an AIM quoted lottery,
software, gaming and leisure company.
Boxhill has a range of ecommerce products that suit all
merchants' and customers' needs enabling secure payments. The
Company works within both regulated frameworks and in regions where
traditional partners struggle to offer safe, secure services.
In addition, Boxhill operates the Weather Lottery, which has
been in operation since 2002 and the Company holds a coveted UK
external lottery managers licence. Over GBP5 million has been
raised to date for good causes and paid over four million prizes to
winners.
About The Hippodrome
London's The Hippodrome is a superb entertainment complex
offering three floors of gaming, Pokerstars LIVE, five bars,
cabaret and a restaurant. In its first year of operation served
over two million customers and won Casino of the Year.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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