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Jersey Water has appointed Channel Islands’ investment firm Ravenscroft to manage its share trading arrangements.
With approximately 300 independent shareholders across all share classes, with the States of Jersey being the majority shareholder, the water utility company has been publicly owned since 1882.
In a statement, Helier Smith, Chief Executive of Jersey Water, said: “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.”
Justin Jouan, Head of Trading at Ravenscroft added: “It is a privilege for Ravenscroft to have been chosen by Jersey Water and we look forward to working with the company and its shareholders.
"While the number of companies with publicly owned shares has reduced over the years, there is still considerable demand from investors to own shares in Channel Islands’ companies and property, whether directly or through funds.”
Ravenscroft is offering a matched bargain service, whereby the investment firm will match buyers and sellers of Jersey Water shares. New and current shareholders are able to trade on a one-off basis without opening accounts with Ravenscroft.
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