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The latest update is out from Jarvis Securities ( (GB:JIM) ).
Jarvis Securities plc has announced the conditional sale of its retail execution-only brokerage business to Interactive Investor Services Limited for up to £11 million. This strategic move will lead to the winding up of Jarvis’s Model ‘B’ clearing and settlement services, with the company potentially becoming an AIM Rule 15 Cash Shell. The sale is expected to complete by early July 2025, subject to certain conditions, and the proceeds will be used for general working capital, with any excess potentially returned to shareholders.
More about Jarvis Securities
Jarvis Securities plc operates in the financial services industry, primarily providing brokerage services through its subsidiary, Jarvis Investment Management Limited. The company focuses on execution-only brokerage services for retail clients in the United Kingdom, offering a range of dealing accounts under brands like ‘X-O’ and ‘Sharedeal Active’.
YTD Price Performance: -12.07%
Average Trading Volume: 35,270
Technical Sentiment Signal: Strong Buy
Current Market Cap: £19.23M
Find detailed analytics on JIM stock on TipRanks’ Stock Analysis page.