Lottery


Our lottery has been in operation since 2002 and we hold a coveted UK external lottery managers licence. We have raised over £5 million for good causes and paid prizes to over 1 million winners.
Expansion to the lottery will see improved games and support for societies, underpinned by an expanded business development team.

e-commerce technology


Online purchases are the life blood of almost every consumer facing company in the developed world.
Boxhill have a range of products that suit all merchant’s needs, working within both regulated frameworks and in regions where traditional acquiring partners struggle to offer safe, secure services.

Company Website

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Recent Market news

Boxhill technologies Fundamentals

Will it do a triple bottom at 0.32p, had a another drop today after 2 large sells and currently at 0.31 v 0.34p

at the moment only 1 MM has come down on the offer, despite sells of 2M and later 1M

Market Maker size is 3 at 500K and 2 at 300K

Notice of AGM & Director's Details

Notice of AGM

Boxhill Technologies Plc (AIM:BOX), the AIM quoted lottery, software, gaming and leisure company, announces that the Annual General Meeting of the Company ("AGM"), is to be held at the offices of Allenby Capital Limited, 3 St Helen's Place, London, EC3A 6AB, commencing at 11:30 a.m. on Friday 29 January 2016.

The notice of AGM has been sent to shareholders of Boxhill and a copy of the notice of AGM is available on the Company's website (www.boxhillplc.com).

Director's Details

Philip Jackson, a director of the Company, has notified the Company that he was a director of 818 Limited when it was placed into liquidation on 24 February 2014 and had been a director of Media Corporation plc within 12 months of that company entering a company voluntary arrangement on 8 May 2014.

Suspended.

Answers on a postcard - Company Update, Internal Restructuring & Change of Year End

Hmmmm - Company Update and Board Changes

Company Update

The board of directors of Boxhill (the "Board") has made considerable progress since the announcement of 10 February 2016 (the "Announcement") on both the restructuring described in the Announcement and the integration of the newly acquired Emex (UK) Group Limited, and the associated company, FreePayMaster Limited (collectively, "Emex").

During the period of suspension of trading in the Company's shares, growth in the business has continued. The payments division has continued to win new customers across all areas of e-commerce. With the additional services provided by Emex, the Company can now offer a more complete set of traditional and alternative payment services to customers. As part of this expansion, the Company has established a new 100% owned Maltese subsidiary, Boxhill Technologies (Malta) Limited ("BTM"), to focus on the expanding Maltese payments and gaming sectors.

The Board is pleased to announce that having received confirmation of the appropriate licences, FreePayMaster Limited is today launching its new set of services, which includes accounts for individuals and businesses, peer-to-peer and alternative payments, access to foreign and crypto currency exchanges and wire and mass payment services. Beta customers are currently testing the systems with positive results.

Boxhill's former subsidiary, Pay Corporation Limited ("PayCorp") was subject to a consumer awareness notice by the FCA on 16 November 2015 regarding the alleged undertaking of activities that require authorisation by the FCA. The Company has been in discussions with the FCA as the activities of PayCorp were not of a nature that required authorisation by the FCA and any such notice was erroneous; the Board can to confirm that the FCA has agreed with this position, and the "Unauthorised" status of PayCorp has been removed from the FCA Register.

The Company's shares remain suspended from trading pending publication of its Report and Accounts for the 18 month period to 31 January 2016. The Board anticipates that it will publish the Report and Accounts before the end of May, and at that point will seek a return from the suspension of trading of its shares on the AIM Market.

Board Changes

The rapid growth of the payments business has inevitably required the Board to review the appropriate management structure to move the company forward. In order to continue building upon the momentum in the payments business already achieved, Phil Jackson will step down from the Board with effect from 20 May 2016 to concentrate on the development of the business, including the integration of the former PayCorp business into Emex, and the establishment and growth of FreePayMaster and BTM in Malta and other locations.

In order to drive growth and allow operational management the time to dedicate to the Company's commercial development, the Company will be introducing a structure with the Board overseeing an operational committee of the key management ("OpCom"). With effect from 20 May 2016, the Board will consist of:

· Lord Timothy Razzall - Executive Chairman
· Andrew Flitcroft - Finance Director
· Clive Hyman - Non-Executive Director
· Arno Rudolf - Non-Executive Director

Lord Razzall will temporarily hold the position of Executive Chairman while the Company seeks a new Chief Executive to help build the next stage of Boxhill's development. On the appointment of a new Chief Executive, he will revert to Non-Executive Chairman. Further details about the OpCom, which includes Phil Jackson and James Rose (who heads the Company's lottery operations), will be released in due course.

Clive Hyman joins the Board as a Non-Executive Director and brings with him over 30 years of experience as a financial professional, working with companies involved in many sectors and industries. Clive is a Fellow of the Institute of Chartered Accountants in England & Wales, having practiced at KPMG from 1983 to 2005, becoming a Partner in 1995. Since leaving professional practice, Clive has been a director of a number of companies, both quoted and unquoted, and brings significant expertise in matters of corporate governance, capital markets and business strategy.

more....

well well!
Life in the old dog yet.... sounds encouraging!

Final results for the 18 month period to 31 January 2016 & return from suspension

The board of directors of Boxhill (the "Board") is pleased to announce the final results for the 18 month period to 31 January 2016; details can be found below.

The Company is publishing its report and audited accounts for the 18 month period to 31 January 2016 to its website, www.boxhillplc.com, in accordance with the Company's article of association.

The suspension from trading of the Company's ordinary shares of 0.1 pence each ("Ordinary Shares") on the AIM Market of the London Stock Exchange will be lifted at 07.30 am today and trading in the Ordinary Shares will recommence at 08.00 am today.

A further announcement regarding the reconvening of the Company's annual general meeting ("AGM") that was adjourned on 29 January 2016 will be made within the next two weeks.

For further information contact:

Boxhill Technologies PLC 020 7493 9644
Lord Razzall, Chairman
Website www.boxhillplc.com

Link here

In summary, for the eighteen months to 31 January 2016 the Group performance was as follows:

Revenue £3,286,000
Gross Profit £2,423,000
EBITDA £1,006,000
Operating profit before exceptional items £970,000

Exceptional Items:
Loss for the period on disposal of subsidiary (£430,000)
Loss on disposal of Leasehold Land and Buildings (£342,000)


Taxation charge (£205,000)

Loss for the period (£1,000)

Bought some just over middle price

0.155p (0.15 / 0.16p)

Update today positive and bullish by the revenues and profits. Level 2 bullish the bid side 4 v 1 on a small spread

BOXHILL TECHNOLOGIES PLC- Company Update

The board of directors of Boxhill (the "Board") is pleased to report first quarter sales are in line with expectations, reaching £571,000 coupled with a gross profit of £427,000 (both unaudited).

Lord Razzall, executive chairman stated, "The strong first quarter performance is encouraging and comes at a time when the company is completing significant improvements to our payment services. Along with the roll out of FreepayMaster, the payments division has agreed a partnership with Clickatell, the South African based industry leading SMS messaging service provider, which will allow customers to utilise certain features of the FreepayMaster payment platform via text messaging, particularly for access and payment authorisation.

Further, working with New York based CFP International, FreepayMaster has invested in servers on the SWIFT network giving access to the leading global supplier of secure financial messaging. This means that FreepayMaster will have its own SWIFT/BIC code thus improving the service and performance of payment platform for individuals and businesses. The underlying business continues to perform and we are looking forward to developing further new services focused on making it easier for people and businesses to pay for goods and services and send money on demand where they want to, when they want to.

In the lottery division, Prize Provision Services Ltd ("PPSL") continue to modernise their lottery systems to offer clients an improving service. Additionally, PPSL now have regionally based staff in the North West, Midlands and offices in the South which will enable them to meet more clients face to face in order to help grow their lotteries.

Further to the announcement of 2 June 2016, the Company maintains its position and believes that a positive outcome will be forthcoming.

Further updates will be released as and when necessary

0.165p +0.005p

Up on the bid by 2 MMs as 1M buyers are scooping the stock on their Portfolio.
markets can be down all over the World, but BOX is doing the right thing and moving higher

0.22p +0.03p

Boxhill to update on winding up petitions

Lottery product provider Boxhill, which received winding up petitions against the company and its subsidiary Prize Provision Services on 2 June, says it will be able to provide an update on the matter before the close of the market on 8 July.

Could this be BOX in court today???

COURT 14
Before MR R SPEARMAN QC
(Sitting as a Deputy Judge of the Chancery Division)
Thursday, 7 July 2016
At 2 o'clock
GENERAL LIST
Re a Company CR-2016-002928
Re a Company CR-2016-002929
Re a Company CR-2016-002925

After hours 5pm ............

Update on Action Against the Company

The Company is pleased to announce that the winding up petitions against both the Company and its subsidiary, Prize Provision Services Limited, previously announced on 2 June 2016, have today both been dismissed at the High Court in London.

A RESUME of the company business

The Boxhill Group has been trading for approximately 14 years and have gone through some major restructuring since, specially in the last year or so. Lets look at the company structure;

Prize Provision Services Limited, a wholly owned subsidiary of the Group is licensed by the Gambling Commission as an External Lottery Manager. Currently, PPS Ltd is operating The Weather Lottery, one of the UK’s oldest and most popular fundraising lotteries, raising over £5,000,000 for hundreds of good causes across the UK.

Casino Cash, which has been in the pipeline for some time, enables customers to use their national and international payment cards to acquire gaming chips to greater values than their ATM cash withdrawal limit. The process is simple and fast. The customer purchases a voucher from a Casino Cash terminal and redeems it at the cashier to collect their funds. The secure voucher system generates a unique single use voucher for every transaction. This will be a massive cash generator for the Group when rolled out.

Soccerdome, a wholly owned subsidiary of the Group holds a shareholding in Nineteen Twelve Holdings Ltd, a JV company set up last year own a Nottingham based football centre and operate five 5-a- side 4G football pitches and one 9-a- side 4G pitch. The venue is situated in the heart of Nottingham City Council’s £16,500,000 redevelopment of the Harvey Hadden Sports Village which reopened, refurbished and modernised, in September 2015.

Emexpay, the group's most recent acquisition is an Internet Payment Service Provider and will be the hub of core business going forward. The platform enables merchants to accept VISA, Mastercard, AMEX and other cards. They can also connect to any other payment card system, or e-wallet upon request and offer added fraud prevention with 3D secure processing if required.

Free Paymaster, a payment platform offering personal and business accounts which allow you to accept payments instantly and for free between members and provide a new low cost Payment option for eCommerce sites. You can transfer money instantly anywhere in the world for free, transfer money in any currency to any bank account 24 hours a day 7 days with no transfer limits, pay for goods and services worldwide with complete confidence using only your Free Paymaster username and password. You also get automatic access to their online market place where you can buy and sell goods, commodities or services, advertise your products, Chat “live” to your buyer or seller, bit like Ebay/Paypal

All of that for 0.24p or £5M

Possible range

0.215p +0.01p

For the last couple days, the buys have taken over and the 0.205p should be the low for the moment being after the retracement.



ISDX trades .... BOX trades at ISDX

0.235p +0.015p

Some large trades today 1M 2M and 5M (Paying premium) has now move up bid and offer, wonder if another delayed trade on the way

Looking good...must be news due

Yesterday was the AGM

a comment from someone who attended with compliments.............

I attended the AGM this morning. Here is a summary of what was discussed. Slightly disappointing that there were only four PI's there including me and Smudgedan. Then again, saying that, I don't think they could have accommodated anyone else! Phil Jackson gave up his chair at the table so we could sit; that was very nice of him I thought.

SUMMARY
CASINO CASH
Casino Cash is very much alive and having completed a successful pilot in various casinos around London (including Hippodrome) is undergoing further development prior to being offered to clients. PJ stated that they had significant interest from various different casinos already for the product. He also stated that the product is unique and its use is not restricted to just casinos but other establishment’s like, Gentlemen’s clubs Etc (Spearmint Rhino was mentioned as an example) I made the point that, the last Casino cash update was Dec 2015 and without regular updates, investors start thinking there is something wrong and suggested that maybe they should keep investors updated as to the progress in forthcoming trading updates; It appeared as this was agreed upon, we’ll see.

CEO APPOINTMENT
The board stated that discussions had taken place but wouldn’t disclose any more information on a likely candidate. They did indicate however that the CEO selection process was reliant on today’s vote of approval for the company’s executive Share Option Scheme. Of course the board have to be extra careful in what we were told at the AGM and we were mindful about asking any questions requiring price sensitive answers; there was no mention of option exercise price.
In relation to PJ stepping down; I think we all know that one of the reasons was because PJ had to be distanced due to his previous business dealings/associations; that’s no secret, and PJ himself also stated today that this was one of the reasons; however, the main reason was that he is a salesman and that is what he does best. In order for the company to grow, it requires a decent board structure. Lord Razzall said they were aiming for an American style board structure.

I would say new CEO already earmarked, and trading update very soon. Them saying discussions had taken place and waiting for the voting on options says something. Of course the new CEO would want to know that there are share incentives before they accept the position.

When asked about the timing of the next trading update, Lord Razzall and PJ (Both sitting on either end of the room) said "Soon" almost simultaneously!