Holdings(s) in Company
26 November 2008
The Company has today been notified by Nightingale Equities Inc ("Nightingale") that following Nightingale's purchase of 545,455 ordinary shares of 0.1 pence in the Company ("Ordinary Shares") on 21 November 2008, Nightingale now holds 2,887,477 Ordinary Shares, representing approximately 6.77 per cent. of the Company's issued share capital.
The 545,455 Ordinary Shares formed part of a larger purchase on 21 November 2008 of 2,668,847 existing Ordinary Shares, representing approximately 6.25 per cent. of the Company's issued share capital, which had been offered for sale following the collapse of the Icelandic banks in early October 2008 and which, the directors believe, had been acting as an overhang of Ordinary Shares in the market since that date.
For further information, please contact:
|Tim Revill, Chief Executive Officer||Tel: 00 350 200 51610|
|Matt Wood, Non-executive director||Tel: +44 (0) 20 7752 0215|
|Daniel Stewart & Company Plc||Tel: +44 (0) 20 7776 6550|
|Lindsay Mair / Tessa Smith|
|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