Jarvis Securities Removed From FTSE UK Indexes After Cash Shell Reclassification
Jarvis Securities plc (LSE:JIM) is being deleted as a constituent from the FTSE UK Index Series. The change comes after the company was reclassified as an AIM Rule 15 Cash Shell. Shares of the company fell 13.33% on the day to trade at 6.5 GBX.
The constituent deletion affects Jarvis Securities across the relevant FTSE UK indexes following its transition to cash shell status. The reclassification marks a significant change in the company's status on the market, triggering its removal from the index series.
Market participants will watch for further updates regarding the effective dates for the index changes and any subsequent operational developments from the business following its reclassification.
Key points
- Jarvis Securities plc (LSE:JIM) is being removed as a constituent from the FTSE UK Index Series.
- The removal follows the reclassification of the company as an AIM Rule 15 Cash Shell.
- Shares of Jarvis Securities plc fell 13.33% to 6.5 GBX following the news.
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How we writeDisclaimerQuestions and answers
Why is Jarvis Securities being removed from the FTSE UK Index Series?
Jarvis Securities plc is being deleted from the FTSE UK Index Series because it has been reclassified as an AIM Rule 15 Cash Shell.
How did Jarvis Securities stock react to the FTSE UK Index deletion announcement?
Shares of Jarvis Securities plc fell 13.33% to 6.5 GBX following the announcement.
What is the ticker symbol for Jarvis Securities plc?
The ticker symbol for Jarvis Securities plc is LSE:JIM.