11 November 2016
STM Group Plc (AIM: STM), the cross border financial services provider, announces that on 7 November Kevin Dann, Managing Director of STM Life Assurance PCC PLC, a wholly owned subsidiary of STM Group PLC (who is a PDMR) purchased 691 Ordinary Shares at an price of 48.75 pence per share as a result of the dividend reinvestment policy of his personal pension scheme (SIPP).
Following the above transaction, the SIPP holds 60,691 Ordinary Shares.
The below notification, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on this transaction.
For further information, please contact:
|STM Group Plc|
|Alan Kentish, Chief Executive Officer||Tel: 00 350 200 42686|
|Therese Neish, Chief Financial Officer||Tel: 00 350 200 42686|
|Matt Goode / Emily Watts - Corporate Finance||Tel: +44 (0) 20 7220 0500|
|Mia Gardner - Corporate Broking|
|Tom Cooper / Paul Vann||Tel: +44(0)2079338780
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
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|1.||Details of the person discharging managerial responsibilities / person closely associated|
|2.||Reason for the Notification|
|a)||Position/status||PDMR, Managing Director of wholly owned subsidiary STM Life Assurance PCC PLC|
|b)||Initial notification/Amendment||Initial notification|
|3.||Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor|
|a)||Name||STM Group PLC|
|4.||Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted|
|a)||Description of the Financial instrument, type of instrument||Ordinary Shares of 0.01p|
|b)||Nature of the transaction||Purchase of Ordinary Shares|
|c)||Price(s) and volume(s)||
· Aggregated volume
|e)||Date of the transaction||7 November 2016|
|f)||Place of the transaction||London Stock Exchange, AIM Market (XLON)|