REG - Jarvis Securities - Update on JIML

Jarvis SecuritiesAnnouncement

05/05/2026 07:00

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RNS Number : 9084C  Jarvis Securities plc  05 May 2026

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")

Update on JIML

On 7 July 2025 Jarvis announced (the "Announcement") that its wholly owned
subsidiary Jarvis Investment Management Limited ("JIML") has sold its retail
execution only brokerage business, (the "Transaction"). In order to deliver
optimal value for shareholders, the Company has engaged S&W Partners LLP
to explore the possibility of a sale of JIML. (the "Potential Disposal"). The
Potential Disposal will be subject to conditions set out below and there can
be no certainty as to the timing of the Potential Disposal or that it will
occur at all.

After the Transaction, the termination of the Model B clearing and settlement
services and the wind down of the associated operations (as further detailed
in the Announcement) the assets presently remaining in JIML (which has
permissions to undertake regulated activities and hold client assets) are:

i.    approximately 1,800 clients with assets under administration of circa
£44 million (including circa £7 million of potentially illiquid and/or
non-returnable client assets), although this is declining as assets are
withdrawn;

ii.    the right to receive any deferred consideration due from the
Transaction;

iii.   any remaining cash balances; and

iv.   the group's intellectual property (which includes the "X-O" and
"Sharedeal Active" trademarks).

 

It should be noted that any proposed sale of JIML's shares and any associated
change of control would be subject to, the FCA's consent.

Further updates will be provided in due course.

Steve Middleton, Non-executive Director of Jarvis Securities Plc, has approved
this announcement and authorised its release.

Enquiries:

Jarvis - C/O S&W Partners LLP - 0204 617 55 00 (Phil Hemming
(Phil.hemming@swgroup.com (mailto:Phil.hemming@swgroup.com) ) / Christopher
Samson (Samson.christopher@swgroup.com (mailto:Samson.christopher@swgroup.com)
))

 Zeus Capital (Nominated Adviser) - 020 3829 5000 (Katy Mitchell / Liv
Highton)

 

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