Jarvis Securities plc Result of PrimaryBid Offer (7541U)

TIDMJIM

RNS Number : 7541U

Jarvis Securities plc

08 April 2021

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE PROHIBITED BY ANY APPLICABLE LAW.

Jarvis Securities plc

(" Jarvis " or the " Company " ) ( LON:JIM )

Result of PrimaryBid Offer

Jarvis (LON: JIM), the AIM quoted stockbroking, administration services and solutions provider, announced on 7 April 2021 the launch of a conditional sale of Treasury Shares via PrimaryBid (the "PrimaryBid Offer").

The Company is pleased to announce that the PrimaryBid Offer successfully completed and closed at 9 p.m. on 7 April 2021 and accordingly 898,100 Ordinary Shares, being Treasury Shares have been sold, subject to shareholder approval.

Following the successful closing of the PrimaryBid Offer, the Company has raised gross proceeds of GBP2.2 million at 250 pence per ordinary share from more than 780 individual investors via the PrimaryBid Offer. The PrimaryBid Offer is subject to shareholder approval at a General Meeting of the Company to be held on 4 May 2021, as mentioned in the Company's announcement yesterday. If shareholder approval is granted then the 898,100 Ordinary Shares, being Treasury Shares, will transfer out of Treasury with effect of 5 May 2021, following which there will be no further ordinary shares held as Treasury Shares by the Company. A further update will be provided at that time.

Defined terms in this announcement shall have the same meaning as in the Company announcement of 7 April 2021 , unless otherwise specified.

Enquiries

 
Jarvis Securities plc 
 A ndrew Grant / Jolyon Head             01892 510 515 
PrimaryBid Limited                       e [e-mail] 
 Fahim Chowdhury / James Deal 
WH Ireland Limited , Nominated Advisor 
 Katy Mitchell/Darshan Patel             0207 220 1666 
 

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April 08, 2021 02:00 ET (06:00 GMT)