15th Oct 2008 10:48
15 October 2008
Jarvis Securities plc
('Jarvis' or the 'Company')
General Meeting Statement
At its general meeting to be held later today, Andrew Grant, the Company's Chairman and Chief Executive will make the following statement:
"Despite the current market conditions, we continue to experience strong trading volumes with September representing the highest number of monthly trades and the highest single day volume to date. Trade volumes in October have remained strong and are currently ahead of those in September.
We have recently signed four more contracts for commercial services, one of which is now live, and we continue to receive a number of enquiries about the services we offer. However, as a result of the market conditions we have had to make provisions against three of our commercial clients, although these are not material in size. Results for the year ending 31 December 2008 will however be ahead of last year and the Board believes will be in line with management's expectations and we anticipate recommending an increased final dividend for the full year.
We have great confidence in our robust and differentiated model in the face of "once in a lifetime" circumstances and remain confident about the outlook for Jarvis."
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Enquiries: |
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Jarvis Securities plc |
Tel: 0870 224 1111 |
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Mathew Edmett |
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Arbuthnot Securities |
Tel: 020 7012 2000 |
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Alasdair Younie |
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Katie Shelton |
Notes:
Jarvis Securities plc is the holding company for Jarvis Investment Management plc (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 PLUS Markets, authorised and regulated by the Financial Services Authority and an HM Revenue & Customs approved ISA manager. Jarvis has more than 30,000 retail clients and a growing number of institutional clients. 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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