Aug 2 (Reuters) - St James House PLC SJH.L :
* NEW LOTTERY JOINT VENTURE
* GROUP WILL HOLD A 45.0 PER CENT EQUITY INTEREST IN JV
* ALL COSTS OF JV WILL BE MET BY ZEU AND IN RETURN ZEU WILL CHARGE A SERVICE FEE THAT WILL NOT EXCEED 90.0 PER CENT OF REVENUES FROM JV
* SJH WILL APPOINT THREE DIRECTORS TO JV, FROM EXISTING GROUP DIRECTORS, CONSULTANTS AND EMPLOYEES, AND ZEU WILL APPOINT TWO DIRECTORS
* REMAINING 10.0 PER CENT OF REVENUES OF JV WILL BE DISTRIBUTED AS A DIVIDEND TO SHAREHOLDERS
* GROUP'S INTEREST IN JV WILL BE HELD BY PPS BLOCKCHAIN LTD, A NEWLY INCORPORATED, WHOLLY OWNED SUBSIDIARY OF SJH
* GROUP WILL RECEIVE 4.5 PER CENT OF REVENUES OF JV BY WAY OF DIVIDEND
* PURPOSE OF JV WILL BE TO ESTABLISH, RUN BLOCKCHAIN-BASED LOTTERY USING ZEU'S BLOCKCHAIN TECHNOLOGY
* JV WILL BE INCORPORATED AND ESTABLISHED IN MALTA
* TO ESTABLISH LOTTERY JV WITH ZEU CRYPTO NETWORKS LTD, A UNIT OF ST GEORGES ECO MINING CORP OF MONTREAL CANADA
* OTHER SHAREHOLDERS IN JV WILL BE ZEU WITH 19.9 PER CENT, SGEM WITH 19.9 PER CENT AND BALANCE WITH OUTSIDE SHAREHOLDERS