Issue of Equity Directors Dealings PDMR
19 March 2008
STM Group PLC (AIM:STM), the cross border financial services provider, is today pleased to announce that 4,705,088 new ordinary shares of 0.1 pence each (‘New Ordinary Shares’) have been placed with institutional and other investors at a price of 60 pence per Ordinary Share, raising gross proceeds of £2,823,052.80 before expenses (the ‘Placing’). Following the Placing, STM’s issued share capital comprises 42,258,000 shares of common stock of par value 0.1 pence each. All of these New Ordinary Shares carry voting rights.
As part of the Placing, Bernard Gallagher, Non-Executive Chairman, purchased 83,334 New Ordinary Shares in the Company at a price of 60 pence per Ordinary Share. Following this purchase, Mr Gallagher’s total shareholding in the Company will be 354,073 Ordinary Shares, representing 0.8 per cent. of the issued share capital of the Company.
Application has been made for the New Ordinary Shares to be admitted to trading on the AIM market of London Stock Exchange plc and dealings are expected to commence on 27 March 2008. The shares will rank pari passu with existing shares in issue.
For further information, please contact:
| STMGroup Plc | |
| Tim Revill, Chief Executive Officer | Tel: 00 350 51610 |
| [email protected] | www.stmgroupplc.com |
| Daniel Stewart & Company Plc | Tel: +44 (0) 20 7776 6550 |
| Lindsay Mair / Stewart Dick | www.danielstewart.co.uk |
Media enquiries:
| Abchurch | |
| Henry Harrison-Topham | Tel: +44 (0) 20 7398 7706 |
| [email protected] | www.abchurch-group.com |
Notes to editors:
STM is a multi-jurisdictional financial services group listed on the Alternative Investment Market of the London Stock Exchange. The Group specialises in the delivery of a wide range of financial service products to professional intermediaries and in the administration of assets for international clients in relation to retirement, estate and succession planning, and wealth structuring.
Today, STM has trading operations in Gibraltar, Malta, Jersey, and Spain. It has also recently opened satellite offices in South East Asia, the Middle East, and South Africa. The Group continues to expand through the development of additional products and services that its ever-more sophisticated clients demand.
STM has, for example, a dedicated international pensions division which specialises in Qualifying Recognised Overseas Pension Schemes (QROPS) and Qualifying Non-UK Pension Schemes (QNUPS); it also has a Gibraltar Life Insurance Company, STM Life Assurance PCC PLC, which provides life insurance bonds - wrappers in which a variety of investments, including investment funds, can be held.
Further information on STM Group can be found at www.stmgroupplc.com