(Adds details of dividend payment)
LONDON (Thomson Financial) - Jarvis Securities Plc. said it rejected an
unsolicited approach to acquire its only trading subsidiary, Jarvis Investment
Management Plc., saying the approach does not reflect the value and prospects of
the group.
The financial services company said the unsolicited approach was at a
valuation in excess of Jarvis's current market capitalisation.
The group added it is trading ahead of its expectations, with strong cash
flows.
The company said it is considering its options, which may include
considering a sale of Jarvis.
Jarvis also declared an interim dividend of 7 pence, taking the total
dividend for the year to 13 pence, up 100 percent from 6.5 pence last year.
TFN.newsdesk@thomson.com
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