Jarvis Securities plc
17 November 2006
Jarvis Securities PLC
('Jarvis' or the 'Company'
Contract Wins / Transactions in own shares
The Company is pleased to announce that it has reached an agreement with Saltus
Partners LLP to provide Managed Fund administration, including PEP, ISA and
SIPP account management services. Saltus is a private wealth management office
based in London and manager of the AcenciA Funds.
The Company is further pleased to announce agreements with Sigma Financial
Management Ltd and Simply CFDs Ltd to provide outsourced trade and settlement
functions. This brings the total number of secured commercial contracts to 7
and provides a minimum revenue stream for 2007 of £150,000 (2006 £30,000). The
Company currently has a very strong pipeline of potential new business and is
currently quoting for several new contracts.
Organic growth for retail execution only broking continues and market share has
so far exceeded 1% for the whole of 2006. The Company was also pleased to win
recently the 2006 Investors Chronicle award for 'Best Execution only
Stockbroker for Cost'.
Finally on 15th November 2006 the Company bought 30,000 shares to hold in
Treasury pending cancellation at an average price of 88.17 pence per share.
The Company now holds a total of 30,000 shares in Treasury. The Company will
continue to purchase its own shares for Treasury when appropriate and in
accordance with the authority granted by its Members.
Jarvis Securities Plc Tel: 0870 224 1111
Mathew Edmett
DANIEL STEWART & COMPANY PLC Tel: 0207 776 6550
Lindsay Mair
This information is provided by RNS
The company news service from the London Stock Exchange
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