Jarvis Securities Regulatory News (JIM)

18 Sep 2007 13:26

Jarvis Securities plc18 September 2007 Jarvis Securities plc ("Jarvis" or "the Company") Contract Wins / Trading Update Jarvis is pleased to announce that it has signed two further contracts for theprovision of settlement and financial administration services to commercialclients. These contracts have been agreed with First Equity Limited, an established City firm and Member of the London Stock Exchange that istransferring the operation of its settlements and custody functions from acompetitor. The second signing is Lombard Asset Management Limited, a new firmspecialising in small capitalisation markets. The Company has a continuing strong pipeline of enquiries and contracts undernegotiation for the provision of settlement and administration services. Toallow for the current and continued expansion of the business, Jarvis will bemoving to a new, larger and self-contained headquarters building in early 2008. The retail business of Jarvis also continues to perform strongly given thecurrent market volatility. Trade volumes throughout May to August, thetraditionally quieter period of the year, have been at record levels for thesemonths. The Company is also benefiting from the higher deposit interest ratesin the market on the cash funds that it holds. Therefore, the Board remainconfident in the prospects of Jarvis for the rest of 2007. Enquiries: Jarvis Securities plc Tel: 0870 224 1111Mathew Edmett Daniel Stewart & Company plc Tel: 020 7776 6550Lindsay Mair This information is provided by RNS The company news service from the London Stock Exchange