REG - Jarvis Securities - Change of Accounting Reference Date

Jarvis SecuritiesAnnouncement

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RNS Number : 6622O  Jarvis Securities plc  27 June 2025

The information communicated within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulations (EU) No.
596/2014 as it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the
Company's obligations under Article 17 of MAR. Upon the publication of this
announcement, this inside information is now considered to be in the public
domain.

Jarvis Securities plc

("Jarvis" or "the Company" and with its subsidiaries the "Group")

 Change of Accounting Reference Date

Jarvis announces that it is changing its year end date from 31 December to 30
June.

The Company will announce unaudited second interims for 6 months to 31
December 2024 (the "Second Interims") before the end of June 2025 and will
produce audited results for the 18 month period to 30 June 2025 ("Audited
Results") before the end of September 2025.

Reason for the Change in Accounting Reference Date

As announced on 15 April 2025, the conditional sale of the retail
execution-only brokerage business (the "Transaction") is expected to occur in
early July 2025.  The Company is aware that certain conditions will not be
satisfied, giving the buyer, Interactive Investor Services Limited ("ii"), the
right to withdraw from the Transaction if not waived. However, ii has
currently indicated its intention to proceed to completion and both parties
continue to work towards the successful completion of the Transaction. If ii
choose to withdraw from the Transaction this would have a detrimental
financial impact on the Group.  The accounting for the sale of the retail
execution-only brokerage business will impact both the going concern
assessment and the carrying value of assets on the Jarvis balance sheet. As it
is not possible to accurately determine the impact of either of these items
until completion of the Transaction has occurred, the directors, on the advice
of their auditors, have taken the decision to change the Company's accounting
reference date to 30 June.

 

Kieran Price, Finance Director of Jarvis Securities Plc, has approved this
announcement and authorised its release.

 

Enquiries:

Jarvis Securities plc 01892 510 515

Andrew Grant

 Zeus Capital 020 3829 5000

 Katy Mitchell / Darshan Patel / Gabriella Zwarts

 

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 Aquis
Stock Exchange, 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.

 

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