Contract Wins/Own shares
21 March 2007 - 11:13PM
UK Regulatory
RNS Number:4106T
Jarvis Securities plc
21 March 2007
Jarvis Securities plc
("Jarvis" or "the Company")
Contract wins and transactions in own shares
The Company is pleased to announce that it has reached agreement with Park
Caledonia Associates Limited to provide outsourced trade capture, settlement
and custody services.
Park Caledonia was established in 1993 in Scotland and started its life as an
Independent Financial Advisor. Over the years the Company has remained closely
linked to its Scottish roots, running a financial advice service on behalf of
the Scottish Football Association and sponsoring the Scottish Youth FA. More
recently the Company has expanded from its base in Glasgow to the South of
England, culminating in the opening of a London office from which its dedicated
retail stock broking services division will operate.
The Company has two further outsourcing contracts agreed with parties awaiting
regulatory approval before they can commence trading. Further details will be
issued in due course.
As the above indicates, the Company continues to make good progress in the
commercial field alongside the retail activities and intends to issue a trading
update for the first quarter of 2007 in mid April.
In addition, the company has purchased a total of 80,000 of its own Ordinary
shares at an average price of 130.64p into Treasury and has today applied for
these to be cancelled. The resulting issued share capital is 11,200,000. The
Company will continue to purchase its own shares for Treasury when appropriate,
and in accordance with the authority granted by its Members.
The Company has also been advised that Sion Holdings Ltd. holds long CFD
contracts for 5,000 shares of Jarvis.
Jarvis Securities plc Tel: 0870 224 1111
Mathew Edmett
Daniel Stewart & Co plc Tel: 020 7776 6550
Lindsay Mair
This information is provided by RNS
The company news service from the London Stock Exchange
END
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