Issue of Equity

RNS Number : 5616R

Jarvis Securities plc

28 October 2013

 



Jarvis Securities plc

("Jarvis" or the "Company")

Exercise of Options & Director's Interest

Application has been made for the admission to AIM of 50,000 new ordinary shares of 1p each in the Company ("Ordinary Shares"), pursuant to the exercise of options by Mr. Grant at a price of 87.5 pence per ordinary share. The new Ordinary Shares rank pari passu with the Company's existing issued Ordinary Shares, and dealings are expected to commence on 1 November 2013.

Following Admission, the Company's enlarged issued share capital will comprise 10,781,500 Ordinary Shares. The Company holds zero shares in treasury. Therefore the total number of Ordinary Shares with voting rights is 10,781,500, 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 and Transparency Rules.

Simultaneously Jarvis had been informed on 25 October 2013, Mr Andrew Grant sold 50,000 Ordinary Shares in Jarvis at a price of 400p. Mr. Grant sold the shares in order to match significant demand in the market.

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 5,733,150 Ordinary Shares, will represent approximately 53.2% of the Company's 10,781,500 voting rights.

Enquiries:

Jarvis Securities plc	01892 510 515
Andrew Grant Jolyon Head
WH Ireland Limited	0113 394 6619
Andrew Kitchingman James Bavister

 

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