Change of director
27 September 2011
STM Group PLC (AIM:STM), the cross border financial services provider, announces that on the 26 September 2011, Matt Wood resigned as a non-executive director of the Group in order to concentrate on his other business interests.
Julian Telling, Non-executive Chairman of STM, commented:
"The Board is immensely grateful for the instrumental role that Matt played in the creation and flotation of STM over the last 5 years and for his input into all plc-related matters of the Group. We are saddened by his decision but understand his reasoning and we wish him well in all his future endeavors".
Matt Wood added:
"With the recent new additions to the Board, the Group's international presence having now been established in Gibraltar, Spain, Jersey and Malta, and the Group's focus firmly on developing new products and distribution channels, it is time for me to concentrate on my other corporate finance related interests. There is a significant opportunity for STM to become a key player in the international wealth sector, especially with its international pension products and the growth of STM Life and I am looking forward to following the Group's continued success."
For further information, please contact:
|STM Group PLC|
|Colin Porter, Chief Executive Officer||Tel: 00 350 200 42686|
|Alan Kentish, Chief Financial Officer||Tel: 00 350 200 78614|
|FinnCap||Tel: +44 (0) 20 7600 1658|
|Marc Young / Christopher Raggett - Corporate Finance||www.finncap.com|
|Simon Starr - Corporate Broking|
|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