Ravenscroft has been appointed by Jersey Water as share broker to facilitate a matched bargain service on its shares.
While the States of Jersey is the majority and controlling shareholder of Jersey Water, holding 83.3% of the total voting rights, there are approximately 300 independent shareholders who can buy and sell a number of the share categories. New and current shareholders are not required to open and maintain an account with Ravenscroft but can trade on a one-off basis.
‘It is a privilege for Ravenscroft to have been chosen by Jersey Water and we look forward to working with them and their shareholders. While the number of companies with publicly owned shares has reduced over the years, there is still considerable demand from investors who like to own shares in Channel Islands’ companies and property, whether that is direct or through funds like Bailiwick Investments Limited and Channel Islands Property Fund,’ said head of trading at Ravenscroft Justin Jouan.
The match bargain service being offered by Ravenscroft is on a first come basis with at best or limit orders through a book build process.
‘We see this as a positive move for the company and our shareholders that demonstrates our commitment to ensuring continued trading arrangements for existing shareholders and investors interested in buying Jersey Water shares. The appointment of Ravenscroft comes at a pivotal time for us, as we finalise our strategic direction and capital investment programme for the period to the end of 2030, with activities firmly focused on ensuring that we continue delivering high quality and sustainable water for the Island, and value for our customers and shareholders,’ said Helier Smith, Chief Executive of Jersey Water.
Anyone interested in knowing more can contact Ravenscroft’s execution only team on 01481 742199.