AGM Statement

RNS Number : 4768Q

Jarvis Securities plc

14 April 2009

 



14 April 2009

Jarvis Securities plc

('Jarvis' or the 'Company')

General Meeting Statement / Dividend Payment

At its Annual General Meeting to be held later today, Andrew Grant, the Company's Chairman and Chief Executive will make the following statement:

'Although the current environment remains challenging for the financial services industry and we remain subject to the ramifications of extraordinarily low interest rates, I am delighted to report the following:

• Daily average trade volumes are 20% higher than 2008

• March 2009 saw the highest monthly trade volume in our history

• Client cash balances are 25% up on 31 December 2008

• Total funds under administration are 13% up on 31 December 2008

• A further commercial contract has been signed since the last announcement of 20 February and the pipeline remains extremely encouraging

• A new spread-betting service is to be introduced shortly to expand the product range to retail and commercial clients

Given the current strong trading, notwithstanding the interest rate position, the Board has decided to declare a first interim dividend for 2009 of 3p per Ordinary share. This will be payable to holders on the register as at 24 April with an ex-date of 22 April and pay date of 22 May 2009.'

Enquiries:

Jarvis Securities plc            Tel: [phone]

Mathew Edmett

Arbuthnot Securities            Tel: [phone]

Alasdair Younie

Katie Shelton

Notes:

Jarvis Securities plc is the holding company for Jarvis Investment Management plc (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 30,000 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.

 

END

 

 

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