INVESTOR RELATIONS

Corporate News

Preliminary Results

03 March 2009

STM Group PLC (AIM:STM), the cross border financial services provider, announces its preliminary results for the year ended 31 December 2008.

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Year end highlights

  • Revenue of £9.19 million (2007: £5.29 million*)
  • Like for like organic revenue growth of 12%
  • Profit before tax of £2.84 million (2007: £1.78 million*)
  • EPS of 6.48 pence (2007: 5.29 pence*)
  • Raised £2.8 million (gross) through the issue of 4.7 million new ordinary shares at 60 pence in March 2008
  • As part of ongoing acquisition strategy, successfully acquired and integrated:
    • St George Financial Services Limited, Jersey (renamed STM Fiduciaire Ltd)
    • Portfolio of 200 Gibraltar companies from Jordans (Gibraltar) Limited
    • Portfolio of 604 BUPA clients, resident in Spain
  • Obtained financial services licences for:
    • STM Nummos Life SL as insurance intermediary in Spain
    • STM Life Assurance PCC Plc, Gibraltar, to write Class III, linked long term life business (insurance wrappers)

Post year end highlights

  • Company management licence granted in BVI, subject to (standard) conditions
  • STM Swiss AG office opened in Zurich for Ultra High Net Worth Individual clients

*11 months to 31 December 2007

Commenting on the results, Tim Revill, Chief Executive Officer, said: “2008 has obviously been a challenging year for everyone, but STM’s robust business model has, again, enabled the Group to meet market expectations. At the same time, STM has continued its acquisition and integration strategy and has extended the range of its services. The Group has implemented operational improvements which provide further capacity and scalability within the business.  This coupled with the clear market opportunities mean that the Group remains confident about its prospects for 2009.

For further information, please contact:

STMGroup Plc
Tim Revill, Chief Executive Officer Tel: 00 350 200 51610
www.stmgroupplc.com
Evolution Securities Limited
Jeremy Ellis / Chris Clarke Tel: +44 (0) 20 7071 4300
www.evosecurities.com

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.

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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.

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