Jarvis Securities Regulatory News (JIM)

7 Feb 2008 09:41

Jarvis Securities plc07 February 2008 Jarvis Securities plc ("Jarvis" or "the Company") Board Change/Director's Shareholding/Transaction in Own Shares Jarvis Securities plc, the administration and outsourcing operation whichsupplies retail execution only stock broking facilities as well as outsourcedinvestment services and Model B settlement, is pleased to announce theappointment of Graeme McAusland B.Sc to the Board as a Non-Executive Directorwith effect from 1 March 2008. Graeme (aged 42) has held a number of senior positions and is on the Board ofThe Children's Mutual where he holds the post of Chief Operating Officerresponsible for all financial and governance areas including compliance, riskmanagement and audit functions. He has implemented and managed a number of newoperating and business models to enhance and increase the scale of business,having previously held the position of Financial Director and Appointed Actuary. Prior to this, Graeme held various management roles including Head of CorporateDevelopment with Prudential plc and is a Fellow of the Faculty of Actuaries. Graeme owns no shares or options in the Company at the present time. The following information is disclosed pursuant to Rule 17, Schedule Two (g) ofthe AIM Rules for Companies: Current Appointments Tunbridge Wells Insurance Services Limited Tunbridge Wells Equitable Investments Company Limited Tunbridge Wells Equitable Services Company Graeme is also a member of the Management Board of the Tunbridge Wells EquitableFriendly Society Limited There is no further information to disclose. Commenting on the appointment of Graeme to the Board, Andrew Grant, Chairman andChief Executive said: "We are delighted that Graeme has agreed to join the Board of Jarvis. He willbring his undoubted personal drive and expertise to enhance the Company'sstrategy and operations" John Mackay, who has been a non-Executive Director of the Company since 2004,has in view of his other business commitments agreed to stand down as anon-Executive Director effective from 29 February 2008. John has been veryhelpful to us over the last 3 years and we would like to thank him for hiscontribution to the Company's development and wish him well for the future. On 5 February, prior to John's departure, he exercised Options previouslygranted to him under the 2004 scheme pursuant to which he has acquired 50,000Ordinary Shares at a price of 82.5p per share. Following this purchase, John isbeneficially interested in 50,000 Ordinary Shares representing approximately 0.4per cent. of the Company's current issued share capital. The shares have beensatisfied from Treasury. The Company announces that between 1 February 2008 and 6 February 2008 itacquired 49,000 shares at an average price of 200.562p to be held in Treasury.Following these transactions and the sale of shares to Mr Mackay, the Companynow holds nil Ordinary Shares in Treasury and has 10,800,000 Ordinary Shares inissue. For further information: Jarvis Securities plcAndrew Grant, Chairman & CEO Tel: 0870 224 1111 Daniel Stewart & Company plcLindsay Mair/Tessa Smith Tel: 020 7776 6550 This information is provided by RNS The company news service from the London Stock Exchange