# Jarvis Securities successfully raises gross proceeds of £2.2 million

- Link: https://www.directorstalkinterviews.com/jarvis-securities-successfully-raises-gross-proceeds-of-2.2-million/412974997
- Published: 2021-04-08T07:19:34+01:00
- Author: Giles

**Jarvis Securities plc** ([LON:JIM](https://www.directorstalkinterviews.com/company/jarvis-securities-plc/jim.l)),
the AIM quoted stockbroking, administration services and solutions provider, announced
on 7 April 2021 the launch of a conditional sale of Treasury Shares  via PrimaryBid.

The Company is pleased to announce that the PrimaryBid Offer successfully completed
and closed at 9 p.m. on 7 April 2021 and accordingly 898,100 Ordinary Shares, being
Treasury Shares have been sold, subject to shareholder approval.

Following the successful closing of the PrimaryBid Offer, the Company has raised
gross proceeds of £2.2 million at 250 pence per ordinary share from more than 780
individual investors via the PrimaryBid Offer. The PrimaryBid Offer is subject to
shareholder approval at a General Meeting of the Jarvis Securities to be held on
4 May 2021, as mentioned in the Company’s announcement yesterday. If shareholder
approval is granted then the 898,100 Ordinary Shares, being Treasury Shares, will
transfer out of Treasury with effect of 5 May 2021, following which there will be
no further ordinary shares held as Treasury Shares by the Company. A further update
will be provided at that time.

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