REG - Jarvis Securities - Result of PrimaryBid Offer

Jarvis SecuritiesAnnouncement

08/04/2021 07:00

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RNS Number : 7541U  Jarvis Securities plc  08 April 2021

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE
INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE
REGULATION (EU) NO. 596/2014. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS
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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 £2.2 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                  01892 510 515

 Andrew Grant / Jolyon Head

 PrimaryBid Limited                     enquiries@primarybid.com

 Fahim Chowdhury / James Deal

 WH Ireland Limited, Nominated Advisor  0207 220 1666

 Katy Mitchell/Darshan Patel

 

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