INVESTOR RELATIONS

Corporate News

Trading Update

17 December 2010

The Board of STM Group PLC (AIM:STM), the cross border financial services provider, is pleased to announce, as expected, that trading has been strong in the second half of the year particularly from the Group's two core business units in trust and company management in Gibraltar and Jersey. The Group's Jersey operation was strengthened further during the year with the acquisition of Zenith Trust Company Limited and the enlarged division has now been successfully integrated and is performing in-line with management's expectations.

The Group is also pleased to report that its newly opened Malta office has made a promising start since its establishment. The Maltese operating licenses were obtained in November 2010 and STM Malta is shortly expected to take on its first new insurance management client. Furthermore, STM Malta has generated significant interest from clients in the Group's international pension products. The Board is confident of capitalising on Malta as a key jurisdiction for the Group.

Accordingly, the Board is confident of the Group meeting market expectations for the current financial year ending 31 December 2010, reflecting solid performance in the period. A further trading update is expected to be made in January 2011 ahead of the Group reporting its preliminary results in early March 2011.

 

For further information, please contact:

STM Group PLC
Colin Porter, Chief Executive Officer
[email protected]
Tel: 00 350 200 42686www.stmgroupplc.com


Alan Kentish, Chief Financial Officer
[email protected]
Tel: 00 350 200 78614
Evolution Securities Tel: +44 (0) 20 7071 4300
Jeremy Ellis / Chris Clarke www.evosecurities.com
FinnCap Tel: +44 (0)20 7600 1658
Tom Jenkins / Marc Young www.finncap.com

Media enquiries:

Abchurch
Henry Harrison-Topham / Mark Dixon 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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