STM Jersey Acquittal
29 June 2015
STM Group PLC (AIM: STM), the multi-jurisdictional financial services group, is pleased to provide an update on the attempted prosecution brought against STM Jersey by the Attorney General for the States of Jersey as notified to the market on 2 April 2015.
STM Jersey has been acquitted of all charges and found not guilty, therefore will not be sanctioned professionally or financially.
Commenting on the court ruling, Colin Porter, Chief Executive of STM Group, said:
"STM Jersey has always fully cooperated with the Attorney General and was confident of its conduct, so this is a pleasing outcome."
For further information, please contact:
|STM Group PLC||www.stmgroupplc.com|
|Colin Porter, Chief Executive Officer||Tel: + 350 200 42686|
|Therese Neish, Chief Financial Officer||Tel: +350 200 42686|
|Matt Goode / Christopher Raggett - Corporate Finance||Tel: +44 (0) 20 7220 0500|
|Mia Gardner - Corporate Broking|
|Tom Cooper / Paul Vann||Tel: +44 (0) 117 985 8989|
|Mob: +44 (0) 797 122 1972|
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