Jarvis Securities plc Letter to Shareholders (4299J)
14 April 2020 - 4:00PM
UK Regulatory
TIDMJIM
RNS Number : 4299J
Jarvis Securities plc
14 April 2020
Jarvis Securities Plc
Registration number 5107012
Share code on AIM: JIM
Jarvis Securities Plc ("Jarvis" or the "Company")
Letter to Shareholders
The Company has today dispatched the following letter to
shareholders:
Dear Shareholder,
Due to the recent spate of announcements by companies cancelling
or deferring payment of their dividends I thought I would take the
opportunity to personally provide reassurance on Jarvis' position
and to provide a general update on the Company's operations in
light of COVID 19.
Our disaster recovery planning has proved to be robust and we
have been able to continue to offer a full service to both our
retail and institutional clients. The majority of our staff are
working remotely using the IT infrastructure we have in place. We
have maintained a minimal staff presence in the office only where
absolutely required and have been able to adhere to the
government's recommended safe working practices. We are well set to
continue to operate in this fashion for the foreseeable future. At
the same time, we have seen an increase in trade volumes following
the election result in December and the market volatility as a
consequence of COVID 19; and believe the reduction in the Bank of
England base rate should have a negligible effect on interest
income. We look forward to providing a more detailed update in due
course but remain optimistic for the future.
The Company confirms its intentions to pay an interim dividend
on or around 11 June 2020, to shareholders on the register at 22
May 2020, in line with the Company's dividend policy and a further
announcement will be made when this dividend is declared.
Finally, I would like to reassure Jarvis' shareholders and wider
stakeholders that despite the seriousness of the current situation
globally and the effect this will have for the economy we are not
seeing a detrimental impact on the Jarvis business model at this
time.
Andrew Grant
Chief Executive Officer
Enquiries:
Jarvis Securities plc 01892 510 515
Andrew Grant
Jolyon Head
WH Ireland Limited 0207 220 1666
Katy Mitchell / Darshan Patel
Notes:
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 NEX Exchange,
authorised and regulated by the Financial Conduct Authority and an
HM Revenue & Customs approved ISA manager. 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.
This information is provided by RNS, the news service of the
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Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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