17th Nov 2006 12:48
Jarvis Securities plc17 November 2006 Jarvis Securities PLC ("Jarvis" or the "Company" Contract Wins / Transactions in own shares The Company is pleased to announce that it has reached an agreement with SaltusPartners LLP to provide Managed Fund administration, including PEP, ISA andSIPP account management services. Saltus is a private wealth management office based in London and manager of the AcenciA Funds. The Company is further pleased to announce agreements with Sigma FinancialManagement Ltd and Simply CFDs Ltd to provide outsourced trade and settlementfunctions. This brings the total number of secured commercial contracts to 7 and provides a minimum revenue stream for 2007 of £150,000 (2006 £30,000). TheCompany currently has a very strong pipeline of potential new business and iscurrently quoting for several new contracts. Organic growth for retail execution only broking continues and market share hasso far exceeded 1% for the whole of 2006. The Company was also pleased to winrecently the 2006 Investors Chronicle award for "Best Execution only Stockbroker for Cost". Finally on 15th November 2006 the Company bought 30,000 shares to hold inTreasury pending cancellation at an average price of 88.17 pence per share. The Company now holds a total of 30,000 shares in Treasury. The Company willcontinue to purchase its own shares for Treasury when appropriate and inaccordance with the authority granted by its Members. Jarvis Securities Plc Tel: 0870 224 1111Mathew Edmett DANIEL STEWART & COMPANY PLC Tel: 0207 776 6550Lindsay Mair This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Jarvis Securities