Jarvis Securities plc Result of PrimaryBid Offer (7541U)
08 Abril 2021 - 01:00AM
UK Regulatory
TIDMJIM
RNS Number : 7541U
Jarvis Securities plc
08 April 2021
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Jarvis Securities plc
(" Jarvis " or the " Company " ) ( LON:JIM )
Result of PrimaryBid Offer
Jarvis (LON: JIM), the AIM quoted stockbroking, administration
services and solutions provider, announced on 7 April 2021 the
launch of a conditional sale of Treasury Shares via PrimaryBid (the
"PrimaryBid Offer").
The Company is pleased to announce that the PrimaryBid Offer
successfully completed and closed at 9 p.m. on 7 April 2021 and
accordingly 898,100 Ordinary Shares, being Treasury Shares have
been sold, subject to shareholder approval.
Following the successful closing of the PrimaryBid Offer, the
Company has raised gross proceeds of GBP2.2 million at 250 pence
per ordinary share from more than 780 individual investors via the
PrimaryBid Offer. The PrimaryBid Offer is subject to shareholder
approval at a General Meeting of the Company to be held on 4 May
2021, as mentioned in the Company's announcement yesterday. If
shareholder approval is granted then the 898,100 Ordinary Shares,
being Treasury Shares, will transfer out of Treasury with effect of
5 May 2021, following which there will be no further ordinary
shares held as Treasury Shares by the Company. A further update
will be provided at that time.
Defined terms in this announcement shall have the same meaning
as in the Company announcement of 7 April 2021 , unless otherwise
specified.
Enquiries
Jarvis Securities plc
A ndrew Grant / Jolyon Head 01892 510 515
PrimaryBid Limited e nquiries@primarybid.com
Fahim Chowdhury / James Deal
WH Ireland Limited , Nominated Advisor
Katy Mitchell/Darshan Patel 0207 220 1666
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