REG - Jarvis Securities - Strategic Update

Jarvis SecuritiesAnnouncement

17/04/2024 16:30

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RNS Number : 0237L  Jarvis Securities plc  17 April 2024

 

Jarvis Securities plc

 

("Jarvis" or "the Company"

And with its subsidiaries the "Group")

 

Strategic Update

 

The Directors of the Company provide the following strategic update on the
Group:

 

The Group will be 40 years old in June 2024. It was founded and has continued
to be led by Andrew Grant. Andrew is now working to strengthen the senior
management team of the Company's operating subsidiary, Jarvis Investment
Management Limited ("JIML") to help facilitate his retirement. There are no
planned changes to the management of Jarvis itself, but there have been, and
will continue to be, changes at board and senior management level of JIML.
These changes at the operating level are intended to enable a smooth
transition, and for Andrew to take a step back from that business over a
gradual period.

 

The Directors confirm that Kieran Price will remain as Finance Director of the
Company and Steve Middleton will remain as a non-executive director of both
the Company and JIML.

 

A recruitment process to identify and select Andrew's successor as Managing
Director of JIML will be carried out with a number of specialised agencies and
it is intended that Andrew would retire from JIML by 31(st) March 2025.  In
the interim, with effect from 1 May 2024, Will Kett will be appointed as
deputy MD of JIML to assist with the handover of relevant responsibilities.

 

At this stage, and as set out above, Andrew Grant does not intend to retire
from, and will remain as Chief Executive Officer of, Jarvis; which, as parent
company of the Group, will retain oversight of the Group.

 

 

Enquiries:

 

Jarvis Securities plc 01892 510 515

 

Andrew Grant

 

 

WH Ireland Limited 0207 220 1666

 

Katy Mitchell / Darshan Patel

 

Notes:

 

Jarvis Securities plc is the holding company for Jarvis Investment Management
Limited, 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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