Jarvis Securities plc PDMR Dealings (0175D)
21 April 2017 - 10:07PM
UK Regulatory
TIDMJIM
RNS Number : 0175D
Jarvis Securities plc
21 April 2017
Jarvis Securities plc
("Jarvis" or the "Company")
PDMR Dealings
Substantial Shareholder Notifications
The Company has received notice today that, pursuant to a
restructuring of its significant shareholder Sion Securities
Limited ("Sion"), Sion which on 16 October 2015 was put into a
solvent Members Voluntary Liquidation) and the beneficial ownership
of the underlying shares in Jarvis these have now been transferred
to the shareholders of Sion on 20 April 2017 for nil consideration.
The shares will continue to be legally held by JIM Nominees
Limited.
As consequence of this transaction, and subsequent minor
transfers between members of the Grant family, Andrew Grant, a
director of the Company, now holds a direct beneficial interest in
3,026,405 Ordinary Shares in the Company, including 87,150 Ordinary
shares held in his SIPP, (which represents 27.5% of the current
issued shares of the Company) and an indirect interest in 1,126,239
Ordinary Shares in the Company, held in the name of his wife, Jane
Grant. In total, Andrew Grant is interested in 4,152,644 Ordinary
Shares representing 37.18% of the issued share capital.
In addition, two other substantial shareholders have today
notified a change in interest in their shareholdings, as a
consequence of this transaction:
Name of Shareholder Number of Shares Interest in the
Beneficially Held Company (%)
--------------------- ------------------- ----------------
Florence Elizabeth
Grant 1,063,518 9.67
--------------------- ------------------- ----------------
Lionel George
Grant 513,630 4.67
--------------------- ------------------- ----------------
Commenting on the transaction CEO, Andrew Grant said "We believe
this restructuring is a positive step for the Company and provides
greater transparency and clarity as to the underlying shareholders
of Jarvis, showing the precise holdings of each member of the Grant
family. It also puts greater control over the shareholdings into
the hands of the individual shareholders and demonstrates that no
one single shareholder holds over 50% of the issued shares, which
we believe will be positively received by current and future
investors. "
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 CEO
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 Ordinary shares of 1p
Identification code
GB00B013J330
b) Nature of the transactions Transfer of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
nil 2,939,255
d) Aggregated information
- Aggregated volume 2,939,255
- Price nil
e) Date of the transaction 20 April 2017
f) Place of the transaction London Stock Exchange, AIM
Enquiries:
Jarvis Securities plc 01892 510 515
Andrew Grant
Jolyon Head
WH Ireland Limited 0113 394 6600
Katy Mitchell
Ed Allsopp
This information is provided by RNS
The company news service from the London Stock Exchange
END
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