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 31st 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.