Jarvis Securities plc Exercise of Options & Director's Interest (6567E)
April 11 2014 - 6:28AM
UK Regulatory
TIDMJIM
RNS Number : 6567E
Jarvis Securities plc
11 April 2014
JARVIS SECURITIES PLC
("Jarvis" or "the Company")
Exercise of Options & Director's Interest
Application has been made for the admission to AIM of 124,000
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 123,500 options
which were due to expire later this year, 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 17 April 2014.
Following Admission, the Company's enlarged issued share capital
will comprise 11,013,000 Ordinary Shares. The Company holds zero
shares in treasury. Therefore the total number of Ordinary Shares
with voting rights is 11,013,000, 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 10 April 2014, that on
that day, Mr. Grant sold 123,500 Ordinary Shares in Jarvis at a
price of 500p. 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 52.1% of the Company's 11,013,000 voting rights.
Also, on 10 April 2014, Mr Nick Crabb informed the Company that
on that day he agreed to sell 100,000 shares, at 500p, on delayed
settlement. These shares were also sold in order to match
significant institutional demand in the market. Settlement is
expected to occur on or around 13 May 2014 following an exercise of
options by Mr Crabb. A further announcement regarding an exercise
of options by Mr Crabb, application for admission of new shares, Mr
Crabb's interest in the Company's enlarged issued share capital and
the total voting rights of the Company, will be made in due
course.
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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