RNS Number : 2223G
Jarvis Securities plc
09 May 2011
JARVIS SECURITIES PLC ("Jarvis" or "the Company")
9 May 2011
Jarvis has been informed of the following transactions, on 5 May 2011, in the Company's ordinary shares of 1p each in the Company ("Shares"):
Mr Andrew Grant, Chief Executive, purchased 24,260 Shares for his SIPP at 164p per Share;
Sion Securities Limited ("Sion") exchanged 134,000 Shares with, inter alia, Mrs Jane Grant, spouse of Mr Andrew Grant, and Mr TJ Grant and Miss SA Grant, children of Mr Andrew Grant, for 16,750 shares in Sion, which will be cancelled;
Sion sold 109,872 Shares at 164p per Share, in order to meet demand from an institutional investor; and
Jarvis sold 8,000 Shares out of Treasury at 164p per Share. As a result of this transaction, the Company holds 30,000 Shares in Treasury and the total number of voting rights in the Company is 10,543,000, 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 FSA's Disclosure and Transparency Rules.
As a result of these transactions, Sion, company of which Mr Andrew Grant, has a controlling interest, is interested in 6,606,128 Shares, representing approximately 62.66% of the Company's voting rights. Mr Andrew Grant's total interest in the Company (comprising the holdings of Sion, Mr Grant's SIPP and Mr Grant's spouse and children) is 6,714,860 Shares representing approximately 63.69% of the Company's voting rights.
Jarvis Securities plc tel: 01892 510 515
Arbuthnot Securities tel: 020 7012 2000
Andrew Kitchingman/Richard Johnson
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 53,000 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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