Exercise of Options and Director's Interest

RNS Number : 8450Z

Jarvis Securities plc

12 March 2013

 



Jarvis Securities plc

("Jarvis" or the "Company")

Exercise of Options and Director's Interest

Jarvis announces that application has been made for the admission to AIM of 20,000 new ordinary shares of 1p each in the Company ("Ordinary Shares"), pursuant to the exercise of options. The new Ordinary Shares rank pari passu with the Company's existing issued Ordinary Shares, and dealings are expected to commence on 18 March 2013.

Following Admission, the Company's enlarged issued share capital will comprise 10,714,000 Ordinary Shares. The Company holds zero shares in treasury. Therefore the total number of Ordinary Shares with voting rights is 10,714,000, which 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 in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

Jarvis has been informed that, on 12 March 2013, Sion Securities Limited ("Sion"), a company in which Mr Andrew Grant has a controlling interest, sold 43,000 Ordinary Shares at a price of 261p per share to Mr Lionel Grant, a former Director of Jarvis, as consideration for loans outstanding from Mr Lionel Grant to Sion. On the same day, Mr Grant purchased 5,000 Ordinary Shares for his SIPP at a price of 261p per share.

Following these transactions, Mr Andrew Grant's total interest in the Company (comprising the holdings of Sion, a company in which Mr Andrew Grant has a controlling interest, Mr Andrew Grant's SIPP and Mr Andrew Grant's spouse) is 6,407,373 Ordinary Shares, representing approximately 59.8% of the Company's 10,714,000 voting rights following the Admission to AIM of the 20,000 Ordinary Shares pursuant to the exercise of options.

Enquiries:

Jarvis Securities plc                            01892 510 515

Andrew Grant 

Jolyon Head                                       

WH Ireland Limited                             0113 3946619

Andrew Kitchingman

James Bavister

 

 

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