Jarvis Securities Regulatory News (JIM)

11 Mar 2008 12:07

Jarvis Securities plc11 March 2008 Jarvis Securities plc ("Jarvis" or "the Company") Outsourcing Agreement with Advance Frontier Markets Fund Ltd Advance Frontier Markets Fund (AFMF) has appointed Jarvis Investment Managementplc (Jarvis) to establish and administer an Investor Regular Savings Scheme forinvestors in the Fund. AFMF was admitted to trading on the AIM market of the London Stock Exchange on15 June 2007, having raised gross proceeds of $85m. Today it has net assets ofalmost $90m. AFMF is managed by Progressive Developing Markets Limited (PDML), a subsidiaryof Progressive Asset Management Limited which was formed in London in 1996 asthe holding company for a series of independent FSA regulated fund managementcompanies. PDML is dedicated to investment in global emerging and frontiermarkets. It has been investing in emerging markets since 1998. PDML's totalassets under management are $900m. The Directors of Jarvis are pleased to have been asked to administer thisadditional scheme and believes this endorses its reputation as a supplier ofcost effective outsourcing services within the investment administration sector.Further it adds to the expanding commercial fee based work and moves the Companyaway from being viewed only as an execution only stockbroker For further information: Jarvis Securities plc Andrew Grant, Chairman & CEO Tel: 0870 224 1111 Daniel Stewart & Company plc Lindsay Mair/Tessa Smith Tel: 020 7776 6550 This information is provided by RNS The company news service from the London Stock Exchange