INVESTOR RELATIONS

Corporate News

Acquisition of Compagnie Fiduciaire Trustees Limited

10 January 2008

STM Group PLC (AIM:STM), the cross border financial services provider, is pleased to announce the acquisition of Compagnie Fiduciaire Trustees Limited (“CFTL”), based in Jersey, Channel Islands, for a fixed consideration of £315,000 plus deferred consideration equal to the amount by which CFTL's net assets at 31 December 2007 exceeded the regulatory minimum Adjusted Net Liquid Assets requirements (the “Acquisition”). The Acquisition is subject to final approval by the Jersey Financial Services Commission (“JFSC”). The fixed consideration was satisfied wholly in cash on 28 December 2007 from STM's existing cash resources and the deferred consideration is payable in cash following finalisation of CFTL's accounts to 31 December 2007 and in any case before 31 March 2008.

CFTL is incorporated in Jersey and became licensed by the JFSC as a professional trustee in August 2002. In March 2006, CFTL's licence was extended to include company management. CFTL has an established client base which, in December 2007, comprised 23 trusts, holding in some cases sizeable investment portfolios.

In the year ended 31 December 2006, the last date to which audited accounts were prepared, CFTL reported revenues of approximately £0.4 million and net profit after tax of approximately £0.1 million.

Commenting on the Acquisition, Tim Revill, Chief Executive Officer of STM Group Plc, said: “We are extremely pleased with the acquisition of CFTL, particularly since this is our first acquisition within the Channel Islands. Whilst CFTL itself is small scale, it immediately provides us with a CTSP licence and a bridgehead into a strategically important jurisdiction. STM Group has numerous existing client entities in Jersey which are currently receiving corporate and trustee services from third parties and these can now be transferred into our own operating subsidiary. In keeping with our acquisitive strategy we expect this transaction to contribute to shareholder value.”

For further information, please contact:

STM Group PLC
Tim Revill, Chief Executive Officer Tel: 00 350 51610
Matt Wood, Non-executive director Tel: +44 (0) 20 7752 0215
Daniel Stewart & Co. Plc
Lindsay Mair / Tessa Smith Tel: +44 (0) 20 7776 6550
www.danielstewart.co.uk
Media enquiries:
Abchurch
Henry Harrison-Topham Tel: +44 (0) 20 7398 7702
[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

UNITED KINGDOM

Options UK 
(part of STM Group Plc)
1st Floor Lakeside House
Shirwell Crescent
Furzton Lake
Milton Keynes
Buckinghamshire
MK4 1GA

UNITED KINGDOM

London & Colonial Services Limited
(part of STM Group Plc)
1st floor
21 Perrymount Road
Haywards Heath
West Sussex
RH16 3TP
UK

GIBRALTAR

PO Box 575
Montagu Pavilion
8-10 Queensway
Gibraltar
GX11 1AA

MALTA

San Gwakkin Building
Level 1
Triq is-Salib tal-Imriehel
Zone 4
Central Business District
Birkirkara, CBD4020
Malta

SPAIN

Edif. Sotovila
Plaza Mayor
P.N. de Guadiaro
Sotogrande
Cadiz
11311
Spain

HEAD OFFICE

Suite 315
5 Chancery Lane
London,EC4A 1BL
UK

REGISTERED OFFICE

1st Floor,
Viking House,
St Paul’s Square, Ramsey,
Isle of Man,
IM8 1GB.

STM is a multi-jurisdictional financial services group listed on AIM, a market operated by the London Stock Exchange.
The Group specialises in the administration of client assets in relation to retirement, estate and succession planning and wealth structuring.

Legal Disclaimer | Privacy Notice | Sitemap
STM Group companies are regulated where required in their host jurisdictions.

STM in the UK (London & Colonial and Options UK): Financial Conduct Authority - STM in Gibraltar: Gibraltar Financial Services Commission - STM in Malta: Malta Financial Services Authority - STM in Spain: Director General de Seguros, Fondos y Pensiones: STM Nummos, SL figura inscrita en el Registro Mercantil de Cádiz, Tomo 1612, Hoja 6697, Libro 0, Folio 14. CIF B-11301199.

© STM GROUP PLC • 1st Floor, Viking House • St Paul’s Square, Ramsey, Isle of Man IM8 1GB • 00350 200 42686
All Rights Reserved - STM Group PLC