Jarvis Securities plc (LON:JIM) has confirmed that Court order has now been registered with the Registrar of Companies. As such, the Capital Reduction will be effective from Monday 19 July 2021.
Following the successful application to the courts for the Capital Reduction, The Board of Jarvis announces that it is declaring a special interim dividend of 8.5 pence per share, to be paid on 5 August 2021 to shareholders on the register on 30 July 2021 and the shares will become ex-dividend on 29 July 2021. The capital reduction from the court has enabled the company to release accumulated reserves that were not previously legally distributable. An element of these distributable reserves is from the profit on the sale of shares held in treasury. This gain was previously not recognised in the financial statements as treasury shares are not marked to market price.
DIVIDEND REINVESTMENT PLAN
A Dividend Reinvestment Plan is being offered and the final date for elections for reinvestment of the special interim dividend is 3 August 2021. Any shareholder requiring further information should contact Jarvis Securities.
