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Jarvis Securities ( (GB:JIM) ) just unveiled an announcement.
Jarvis Securities plc has announced a special dividend of 2.9 pence per share following the sale of its retail execution-only brokerage by its subsidiary, Jarvis Investment Management Limited (JIML). The company is in the process of winding down its operations, including terminating its Model B clearing and settlement services. Jarvis anticipates becoming an AIM Rule 15 Cash Shell, which would necessitate a reverse takeover acquisition within six months. The directors currently do not intend to make acquisitions and are considering cancelling the company’s admission to trading on AIM, subject to shareholder approval.
More about Jarvis Securities
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. Established in 1984, Jarvis is a member of the London Stock Exchange, a broker dealer member of Aquis Stock Exchange, authorized and regulated by the Financial Conduct Authority, and an HM Revenue & Customs approved ISA manager.
Average Trading Volume: 134,516
Technical Sentiment Signal: Sell
Current Market Cap: £9.93M
See more data about JIM stock on TipRanks’ Stock Analysis page.