Jarvis Securities plc
("Jarvis" or "the Company")
Results of AGM / Transaction in Own Shares /
The Company announces that the following resolutions were proposed at
the Annual General Meeting of Jarvis this morning:
The Ordinary Resolutions considered were:
1. To approve the Directors' Report and Accounts for the year ended
31 December 2007.
2. To re-appoint Messrs. Horwath Clark Whitehill LLP as auditors.
3. To approve the Final Dividend for the year proposed by the
Directors of 6.0p per Ordinary 1p share to holders on the register
at 8 February 2008 and payable on 14 March 2008.
The Special Resolution considered was:
4. To renew the authority granted at the Extraordinary General
Meeting of 28 September 2005 allowing the company to repurchase
its own shares for Treasury or cancellation up to a maximum level
of 10% of the Ordinary shares in issue at that date (being
11,484,545 Ordinary 1p shares).
All resolutions were passed unanimously.
Further, the Company announces that between 22 and 29 February 2008
it purchased 20,000 Ordinary shares at an average price of 215.825p
per share to be held in Treasury.
The Company has 10,800,000 Ordinary Shares in issue of which 31,000
are held in Treasury. The Company will continue to purchase its own
shares for Treasury when appropriate and in accordance with the
authority granted by its Members and renewed at the AGM today.
Jarvis is also pleased to report that during January 2008 the Company
transacted its highest number of monthly trades ever. The directors
remain confident in the prospects of the Company for the coming year.
For further Information:
plc Tel: 0870
Daniel Stewart & Company plc Tel: 020 7776
Jarvis Securities plc is the holding company for Jarvis Investment
Management plc (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 PEP and ISA manager. Jarvis has more than 30,000
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 PEP, 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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