Jarvis Securities plc Exercise of Options and Director's Interest (7467A)
February 24 2014 - 1:48AM
UK Regulatory
TIDMJIM
RNS Number : 7467A
Jarvis Securities plc
24 February 2014
JARVIS SECURITIES PLC
("Jarvis" or "the Company")
Exercise of Options & Director's Interest
Application has been made for the admission to AIM of 100,500
new ordinary shares of 1p each in the Company ("Ordinary Shares"),
pursuant to the exercise of options by Mr. Andrew Grant and an
employee of the Company. Mr. Grant has exercised 100,000 options,
with a further employee of the Company exercising 500 options. The
new Ordinary Shares rank par passu with the Company's existing
issued Ordinary Shares, and dealings are expected to commence on or
around 27 February 2014.
Following Admission, the Company's enlarged issued share capital
will comprise 10,884,000 Ordinary Shares. The Company holds zero
shares in treasury. Therefore the total number of Ordinary Shares
with voting rights is 10,884,000, which figure may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the FCA's Disclosure and Transparency Rules.
Simultaneously Jarvis was informed on 21 February 2014, that on
that day, Mr. Grant sold 100,000 Ordinary Shares in Jarvis at a
price of 475p. Mr. Grant sold the shares in order to match
significant institutional demand in the market.
Following these transactions, Mr. Grant's total interest in the
Company (comprising the holdings of Sion, a company in which
Mr.Grant has a controlling interest, Mr Andrew Grant's SIPP and Mr.
Grant's spouse) is 5,733,150 Ordinary Shares, will represent
approximately 52.6% of the Company's 10,884,000 voting rights.
Enquiries:
Jarvis Securities plc 01892 510 515
Andrew Grant
Jolyon Head
WH Ireland Limited 0113 3946619
Andrew Kitchingman
James Bavister
This information is provided by RNS
The company news service from the London Stock Exchange
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