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Jarvis Securities (JIM)

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Monday 25 November, 2019

Jarvis Securities

Directors' Interests

RNS Number : 5623U
Jarvis Securities plc
25 November 2019
 

Jarvis Securities plc

("Jarvis" or the "Company")

 

Directors' Interests

 

 

The Company was informed today, that on 22 November 2019, Mr Andrew Grant, Managing Director of the Company, transferred 250,000 Ordinary Shares at a price of 475 pence per share to The Andrew Grant 2019 Discretionary Settlement; and at the same time his wife, Jane Grant transferred 250,000 Ordinary Shares  at a price of 475 pence per share to the Jane Grant 2019 Discretionary Settlement (the "Transactions").

 

The Settlements are discretionary trusts set up for the benefit of the children (older than 18) and grandchildren of Andrew and Jane Grant. Andrew and Jane Grant are the only trustees of the Settlements and maintain all voting and transactional control.

 

Following the transactions, the combined interests held by Mr Andrew Grant and people closely associated with him (PCA's) remain unchanged at 4,152,644 Ordinary Shares representing 38% of the issued share capital of the Company.

 

In addition, it is noted that, the Grant Family (which includes Andrew Grant's adult children and the wider Grant family), which is deemed to be a Concert Party pursuant to the City Code on Takeover and Mergers hold an additional interest in 1,786,529 Ordinary Shares such that the total holding held by the Grant Family Concert Party is 5,939,173 Ordinary Shares representing 54.38% of the issued share capital of the Company.

 

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on shares acquired.

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Andrew Grant

2

Reason for the notification

a)

Position/status

Managing Director

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Jarvis Securities plc

b)

LEI

N/A

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 1p

 

 

GB00B013J330

 

b)

Nature of the transactions

Sale of Ordinary Shares

c)

Price(s) and volume(s)

Type

Price(s)

Volume(s)

Sale

475p

250,000

d)

Aggregated information

-     Aggregated volume

-     Price

 

250,000

475p

 

e)

Date of the transaction

22 November 2019

f)

Place of the transaction

London Stock Exchange, AIM

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Jane Grant

2

Reason for the notification

a)

Position/status

Spouse of Managing Director, Andrew Grant

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Jarvis Securities plc

b)

LEI

N/A

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 1p

 

 

GB00B013J330

 

b)

Nature of the transactions

Sale of Ordinary Shares

c)

Price(s) and volume(s)

Type

Price(s)

Volume(s)

Sale

475p

250,000

 

d)

Aggregated information

-     Aggregated volume

-     Price

 

250,000

 

475p

e)

Date of the transaction

22 November 2019

f)

Place of the transaction

London Stock Exchange, AIM

 

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

The Andrew Grant 2019 Discretionary Settlement

2

Reason for the notification

a)

Position/status

Trust controlled by Managing Director, Andrew Grant

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Jarvis Securities plc

b)

LEI

N/A

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 1p

 

 

GB00B013J330

 

b)

Nature of the transactions

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

Type

Price(s)

Volume(s)

Purchase

475p

250,000

 

d)

Aggregated information

-     Aggregated volume

-     Price

 

250,000

 

475p

e)

Date of the transaction

22 November 2019

f)

Place of the transaction

London Stock Exchange, AIM

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

The Jane Grant 2019 Discretionary Settlement

2

Reason for the notification

a)

Position/status

Trust controlled by Jane Grant, Spouse of Managing Director, Andrew Grant

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Jarvis Securities plc

b)

LEI

N/A

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 1p

 

 

GB00B013J330

 

b)

Nature of the transactions

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

Type

Price(s)

Volume(s)

Purchase

475p

250,000

 

d)

Aggregated information

-     Aggregated volume

-     Price

 

250,000

 

475p

e)

Date of the transaction

22 November 2019

f)

Place of the transaction

London Stock Exchange, AIM

 

ENDS

 

 

Enquiries:

 

Jarvis Securities plc                                                                                                                        01892 510 515

Andrew Grant

Jolyon Head

 

WH Ireland Limited                                                                                                                        0113 394 6600

Katy Mitchell

Chris Savidge


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