Trading Update, Dividend and

RNS Number : 5091U

Jarvis Securities plc

18 October 2010

 



18 October 2010

Jarvis Securities plc ("Jarvis" or "the Company")

Trading update, Final Interim Dividend Declaration for 2010 and Appointment of Financial Controller

Jarvis is pleased to announce that trading for the nine month period ended 30 September 2010 is comfortably in line with market expectations.

The Directors have declared a fourth and final interim dividend of 3 pence per ordinary share, payable on 12 December 2010, bringing the total dividends declared for the year to 9 pence per share.  The record date shall be 12 November 2010.

The Company is also pleased to announce the appointment of Jolyon Head as its new Financial Controller.  Jolyon is a member of the Institute of Chartered Accountants of Scotland and has 10 years experience in the Financial Services Industry.  After qualifying in Ernst & Young's Capital Markets division Jolyon joined UBS Investment Bank, working as a Financial Controller.  After 3 years Jolyon moved to Fidelity Investments heading the group finance team, with responsibility for the statutory and regulatory reporting of Fidelity's multiple legal entities.

Commenting on the appointment Andrew Grant said: "The Board is particularly pleased to be able to appoint someone with 10 years' experience within the industry at respectable companies and that this experience should be invaluable to Jarvis as it continues to grow and adopts a larger firm culture."

Enquiries:

Jarvis Securities plc                                   Tel: [phone]

Andrew Grant

Arbuthnot Securities                                  Tel: [phone]

Andrew Kitchingman / Richard Johnson

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 PLUS Markets, authorised and regulated by the Financial Services Authority and an HM Revenue & Customs approved ISA manager. Jarvis has more than 44,000 retail clients and a growing number of institutional clients. 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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