Jarvis Securities Regulatory News (JIM)

30 Sep 2009 12:37



30 September 2009

The Company notifies that in its Director's Significant Shareholder announcement of 30 September 2009, released at 10.16 a.m. under RNS number 9405Z, the reference to Sionew on line 4 of the first paragraph should have been Sion, the resultant percentage holding for Sion should have been 66.39 and not 66.62 as originally stated, and Andrew Grant's resultant percentage holding should have been 66.46 and not 66.43 as originally stated. All other details in the announcement remain unchanged, and the full revised wording to the announcement is set out below:

Jarvis Securities plc

("the Company")

Disclosure of Interest of Director's significant shareholding

The Company received notification on 30 September 2009 that on 29 September 2009, Sionew Holdings Limited ("Sionew") transferred and Sion Securities Limited ("Sion") acquired 6,970,000 ordinary shares of 1p each in the Company ("the Shares"), in consideration for the issue of shares in Sion. The ultimate beneficial owners of Sion are exactly the same as those of Sionew immediately prior to the transfer.

Following this transaction Sionew no longer has an interest in ordinary shares in the Company and Sion has an interest in 6,970,000 ordinary shares in the Company, representing approximately 66.39 per cent. of the Company's issued ordinary shares.

Andrew Grant, Chairman and Chief Executive of the Company, will have the same controlling interest in Sion as he did previously in Sionew. Mr Grant's total interest in the Company therefore remains unchanged at 6,978,000 ordinary shares, representing approximately 66.46 per cent. of the Company's issued ordinary shares.

Enquiries:

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.

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