Issue of Equity
11 November 2008
Further to the announcement on 8 June 2007, STM Group PLC (AIM:STM), the cross border financial services provider, today announces that as a result of the Atlas Group of Companies achieving the agreed milestones since its acquisition by STM in June 2007, additional consideration of 67,568 new ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") are to be issued.
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 17 November 2008. The shares will rank pari passu with existing shares in issue.
Following the issue of the new Ordinary Shares, the Company's issued ordinary share capital will comprise 42,680,762 Ordinary Shares. All of the Ordinary Shares carry voting rights and this will be the figure which may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company.
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 / Stewart Dick||Tel: +44 (0) 20 7776 6550|
|Henry Harrison-Topham||Tel: +44 (0) 20 7398 7702|
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