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INVESTOR RELATIONS

Change of director

Change of director

27 September 2011

STM Group PLC (AIM:STM), the cross border financial services provider, announces that on the 26 September 2011, Matt Wood resigned as a non-executive director of the Group in order to concentrate on his other business interests.

Julian Telling, Non-executive Chairman of STM, commented:

"The Board is immensely grateful for the instrumental role that Matt played in the creation and flotation of STM over the last 5 years and for his input into all plc-related matters of the Group. We are saddened by his decision but understand his reasoning and we wish him well in all his future endeavors".

Matt Wood added:

"With the recent new additions to the Board, the Group's international presence having now been established in Gibraltar, Spain, Jersey and Malta, and the Group's focus firmly on developing new products and distribution channels, it is time for me to concentrate on my other corporate finance related interests. There is a significant opportunity for STM to become a key player in the international wealth sector, especially with its international pension products and the growth of STM Life and I am looking forward to following the Group's continued success."

 

For further information, please contact:

STM Group PLC  
Colin Porter, Chief Executive Officer Tel: 00 350 200 42686
colin.porter@stmgroupplc.im www.stmgroupplc.com
   
Alan Kentish, Chief Financial Officer Tel: 00 350 200 78614
alan.kentish@stmgroupplc.im  
   
FinnCap Tel: +44 (0) 20 7600 1658
Marc Young / Christopher Raggett - Corporate Finance www.finncap.com
Simon Starr - Corporate Broking  

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."