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INVESTOR RELATIONS

Issue of Equity / Director Shareholding

Issue of Equity / Director Shareholding

07 January 2011

STM Group PLC (AIM:STM), the cross border financial services provider, today announces that 35,047 new ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") have been issued to Mr Bernard Gallagher, the Company's Non-Executive Chairman, in payment of his Chairman's fees for the quarter commencing on 1 January 2011. Mr Gallagher elected to receive payment of his Chairman's fees in shares since he became Non-Executive Chairman in 2007 as a mark of confidence in the Company and to align himself with shareholders.

The number of new Ordinary Shares issued is based upon the share price of 21.4 pence per Ordinary Share, being the average closing mid-market price per Ordinary Share in the five trading days ending on the day prior to the relevant quarter end date.

Following this issue, the total number of Ordinary Shares in issue is 43,061,649 and Mr Gallagher's total shareholding in the Company will be 625,395 Ordinary Shares, representing 1.5 per cent of the issued share capital of the Company. All of these Ordinary Shares are held by STM Fidecs Nominees Limited.

An application to AIM will be made for the new Ordinary Shares to be admitted and trading is expected to take place on 13 January 2011.

 

For further information, please contact:

STM Group PLC
Colin Porter, Chief Executive Officer
colin.porter@stmgroupplc.im
Tel: 00 350 200 42686
www.stmgroupplc.com
Alan Kentish, Chief Financial Officer
alan.kentish@stmgroupplc.im
 Tel: 00 350 200 78614
   
Evolution Securities Tel: +44 (0) 20 7071 4300
Jeremy Ellis / Chris Clarke www.evosecurities.com
FinnCap Tel: +44 (0)20 7600 1658
Tom Jenkins / Marc Young www.finncap.com

Media enquiries:

Abchurch
Henry Harrison-Topham / Mark Dixon Tel: +44 (0) 20 7398 7702
henry.ht@abchurch-group.com 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

 

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"STM Group PLC strives to be the provider of choice for cross-border investors, entrepreneurs and expatriates by offering clear, innovative and impartial financial and commercial solutions which help clients protect and grow their investments."