Trading Update and Notice of Results
29 January 2010
STM Group PLC (AIM:STM), the cross border financial services provider, today advises that it expects to deliver results for 2009 broadly in line with market expectations, despite the difficult market conditions over the last 18 months. The early signs are that activity across the sector is increasing and the directors are cautiously optimistic about the Group's prospects for 2010.
The Group also advises that it expects to announce its Preliminary Results for the year ended 31 December 2009 on Tuesday 9 March 2010.
An analyst briefing to be given by Tim Revill (Chief Executive Officer), Alan Kentish (Chief Financial Officer) and Colin Porter (Chief Operations Officer) will be held at 09.30 a.m. on Tuesday 9 March 2010 at the offices of Abchurch Communications Ltd, 125 Old Broad Street, London, EC2N 1AR.
For further information, please contact:
|Tim Revill, Chief Executive Officer||Tel: +350 200 51610|
|Alan Kentish, Chief Financial Officer||Tel: 00 350 200 78614|
|Evolution Securities Limited||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|
|Henry Harrison-Topham / Mark Dixon||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