Information  X 
Enter a valid email address

Jarvis Securities (JIM)

  Print      Mail a friend

Tuesday 18 September, 2007

Jarvis Securities

Contract Wins/Trading Update

Jarvis Securities plc
18 September 2007

                              Jarvis Securities plc
                          ('Jarvis' or 'the Company')
                         Contract Wins / Trading Update

Jarvis is pleased to announce that it has signed two further contracts for the
provision of settlement and financial  administration services to commercial
clients. These contracts have been agreed with First Equity Limited, an 
established City firm and Member of the London Stock Exchange that is
transferring the operation of its settlements and  custody functions from a
competitor. The second signing is Lombard Asset Management Limited, a new firm
specialising in  small capitalisation markets.

The Company has a continuing strong pipeline of enquiries and contracts under
negotiation for the provision of  settlement and administration services. To
allow for the current and continued expansion of the business, Jarvis will  be
moving to a new, larger and self-contained headquarters building in early 2008.

The retail business of Jarvis also continues to perform strongly given the
current market volatility. Trade volumes  throughout May to August, the
traditionally quieter period of the year, have been at record levels for these
months.  The Company is also benefiting from the higher deposit interest rates
in the market on the cash funds that it holds.  Therefore, the Board remain
confident in the prospects of Jarvis for the rest of 2007.


Jarvis Securities plc                          Tel: 0870 224 1111
Mathew Edmett

Daniel Stewart & Company plc                   Tel: 020 7776 6550
Lindsay Mair

                      This information is provided by RNS
            The company news service from the London Stock Exchange