Jarvis Securities Regulatory News (JIM)

29 Jul 2009 07:00



29 July 2009

Jarvis Securities plc

('Jarvis' or the 'Company')

Contract Win

Jarvis is delighted to report that a minimum two-year contract has been agreed with Rivington Street Holdings plc (PLUS: RIVP). Jarvis will supply trade capture, execution and settlement services across the stable of Rivington companies and brands, including JP Jenkins and Sharecrazy.

Rivington is a media and financial services group which provides Corporate Internet Services to over 100 companies quoted on the AIM and PLUS Markets. It operates and generates revenue through six wholly owned subsidiaries and also runs Master Investor, the UK's leading small cap investor show.

This increased relationship commenced from 27 July following the successful transfer of the majority of the business from another provider over the preceding weekend. Subject to potential further client transfers resulting from late consenters, this transfer has already increased active client numbers by 22.5%, client cash held by 5.8% and total assets under administration by 5.2%. 

Andrew Grant, Chairman and Chief Executive, commented:

"Rivington have a number of high-profile brands within the market and we are pleased to be working with them. In particular, Sharecrazy is a growing internet trading platform that has potential to materially increase the number of trades we are settling for our commercial clients."

Enquiries: 

Jarvis Securities plc Tel: 0870 224 1111

Andrew Grant

Mathew Edmett

Arbuthnot Securities Tel: 020 7012 2000

Alasdair Younie

Notes: 

Jarvis Securities plc is the holding company for Jarvis Investment Management plc (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 PLUS Markets, authorised and regulated by the Financial Services Authority and an HM Revenue & Customs approved ISA manager. Jarvis has more than 30,000 retail clients and a growing number of institutional clients. 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.