Letter to Shareholders

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.

 

END

 

 

MSCEASLNEFXEEFA