13 May 2011
The Company has been notified by Julian Telling, the Non-Executive Chairman of the Company, of the market purchase of 85,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") by his pension scheme yesterday and today at an average price of 25.03 pence per Ordinary Share. His resultant beneficial interest is 85,000 Ordinary Shares representing 0.20 per cent. of the total issued share capital of the Company.
The Company has also been notified by Colin Porter, Chief Executive Officer of the Company, of the market purchase of 200,000 Ordinary Shares by him yesterday and today at an average price of 25.07 pence per Ordinary Share. His resultant beneficial interest is 537,613 Ordinary Shares, representing 1.25 per cent. of the total issued share capital of the Company.
For further information, please contact:
|STM Group PLC|
|Colin Porter, Chief Executive Officer
|Tel: 00 350 200 42686www.stmgroupplc.com|
|Alan Kentish, Chief Financial Officer
|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|
|Marc Young / Simon Starr||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