EXERCISE OF OPTIONS AND TRANSACTION IN OWN SHARES

RNS Number : 1619D

Jarvis Securities plc

24 April 2017

 

24 April 2017

JARVIS SECURITIES PLC

("Jarvis" or the "Company")

EXERCISE OF OPTIONS AND TRANSACTION IN OWN SHARES

Jarvis announces that application has been made for the admission to AIM of 5,500 new ordinary shares of 1p each in the Company ("New Ordinary Shares"), pursuant to the exercise of options. The New Ordinary Shares rank pari passu with the Company's existing issued Ordinary Shares, and admission to trading, dealings in the New Ordinary Shares, are expected to commence on 28 April 2017.

The Company also announces that, on 24^th April 2017, it acquired 50,000 Ordinary Shares at a price of 382 pence per share to hold in Treasury ("Buy Back").

Following the issue of the New Ordinary Shares, and the Buy Back the Company confirms that the Company's enlarged issued share capital will comprise 11,173,000 Ordinary Shares and that the Company now holds 220,300 shares in Treasury. Therefore the total number of Ordinary Shares with voting rights is 10,952,700, 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 FCA's Disclosure Guidance and Transparency Rules.

The Company will continue to purchase its own shares for Treasury when appropriate, and in accordance with the authority granted by its members.

Enquiries:

Jarvis Securities plc 01892 510 515

Andrew Grant

Jolyon Head

WH Ireland Limited 0113 3946600

Katy Mitchell

Ed Allsopp

Notes:

Jarvis Securities plc is the holding company for Jarvis Investment Management Limited (AIM: JIM.L) a stock broking company and outsourced service provider for bespoke tailored financial administration. Jarvis was established in 1984 and is a member of the London Stock Exchange; a broker dealer member of ISDX Markets, authorised and regulated by the Financial Conduct Authority and an HM Revenue & Customs approved ISA manager. As well as normal retail broking Jarvis provides cost effective and flexible share trading facilities within ISA and SIPP wrappers.

Jarvis provides outsourced and partnered financial administration services to a number of third party organisations. These organisations include advisers, stockbrokers, banks and fund managers. Jarvis can tailor its administration processes to the requirements of each organisation and has a strong reputation for flexibility and cost-effectiveness.

 

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