Issue of Equity/Director PDMR Shareholding
01 October 2009
STM Group PLC (AIM:STM), the cross border financial services provider, today announces that 23,437 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 October 2009 and a further 7,812 new Ordinary Shares have been issued pursuant to an employment contract. As a result a total of 31,249 new Ordinary Shares have been issued. The number of new Ordinary Shares issued is based upon the share price of 32 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 42,892,621 and Mr Gallagher's total shareholding in the Company will be 465,801 Ordinary Shares, representing 1.09 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 7 October 2009.
For further information, please contact:
|Tim Revill, Chief Executive Officer||Tel: +350 200 51610|
|Evolution Securities Limited|
|Jeremy Ellis / Chris Clarke||Tel: +44 (0) 20 7071 4300|
|FinnCap||Tel: +44 (0)20 7600 1658|
|Tom Jenkins / Marc Young||www.finncap.com|
|George Parker||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