Business
PrimaryBid Offer, Notice of GM & Capital Reduction
PrimaryBid Offer, Notice of GM & Capital Reduction.
About this update from Jarvis Securities Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7350U\n Jarvis Securities plc\n 07 April 2021\n \n \n \n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.\n \n \n \n THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF \n \n \n JARVIS SERCURITIES PLC.\n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.\n \n \n THIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (\"FSMA\") AND HAS BEEN APPROVED BY PRIMARYBID LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FRN 779021)\n \n \n 7 April 2021\n \n \n \n \n \n Jarvis Securities plc\n \n \n (\"\n \n Jarvis\n \n \" or the \"\n \n Company\n \n \"\n ) (\n \n LON\n \n : \n \n JIM\n \n )\n \n \n PrimaryBid Offer\n \n \n Notice of General Meeting\n \n \n Proposed Capital Reduction\n \n \n Jarvis\n \n (\n \n \n LON\n \n : \n \n JIM\n \n ), the \n AIM quoted stockbroking, administration services and solutions provider\n , \n is pleased to announce, a conditional offer via PrimaryBid (the \"Offer\") of up to 898,100 ordinary shares of 0.25p each in the Company currently held in treasury (\"Treasury Shares\" or \"Ordinary Shares\") at an issue price of 250 pence per Ordinary Share (the \"Issue Price\"), being a discount of 8.76 per cent to the closing mid-price on 7 April 2021.\n \n \n The Offer is subject to shareholder approval at a General Meeting of the Company to be held on\n \n \n \n 4 May\n 2021 (more details of which are set out below). Settlement for the PrimaryBid Offer is expected to take place on 5 May 2021.\n \n \n The Treasury Shares, once sold pursuant to the Offer (and subject to shareholder approval), will be credited as fully paid and will rank pari passu in all respects with the existing Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid in respect of the Ordinary Shares. The Treasury Shares will be free of ...