Jarvis Securities plc Dividend Declaration and Trading Statement (7605E)
May 11 2017 - 2:00AM
UK Regulatory
TIDMJIM
RNS Number : 7605E
Jarvis Securities plc
11 May 2017
Jarvis Securities plc
("Jarvis" or "the Company")
DIVIDEND DECLARATION & TRADING STATEMENT
The Board of Jarvis announces that it is declaring a second
quarterly interim dividend of 6 pence per share, to be paid on 8
June 2017 to shareholders on the register on 19 May 2017.
The Board is pleased to announce that pre-tax profit for the
four months to April 2017 has increased significantly compared to
the same period in the prior year. During this period revenues have
increased 25% driven by organic growth in the business and improved
market conditions. In the same period costs have increased 7%.
The Board forecasts that pre-tax profit for the year ended 2017
will be significantly above current market expectations.
Andrew Grant, Chief Executive Officer, commented: "I am
delighted to be able to announce such a positive trading update.
Market volumes have remained consistently buoyant since the
conclusion of the Brexit referendum and we continue to add both
institutional and retail clients to our business. For our
shareholders a growing business means growing dividends, and we
anticipate the total 2017 dividend payment will be well above
current market expectations."
DIVIDEND REINVESTMENT PLAN
A Dividend Reinvestment Plan is being offered and the final date
for elections for reinvestment of the first quarterly interim
dividend is 25 May 2017. Any shareholder requiring further
information should contact the Company.
This announcement includes inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
Enquiries:
Jarvis Securities plc 01892 510 515
Andrew Grant
Jolyon Head
WH Ireland Limited 0113 3946600
Katy Mitchell
Ed Allsopp
Notes:
Jarvis Securities plc is the holding company for Jarvis
Investment Management Limited (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 ISDX Markets,
authorised and regulated by the Financial Conduct Authority and an
HM Revenue & Customs approved ISA manager. 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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