Confirmation of Stay and date of Appeal
04 December 2017
Further to the announcement of 16 November 2017, STM Group Plc (AIM: STM), the cross border financial services provider, announces receipt of the Order from the Gibraltar Supreme Court confirming the stay of the appointment of Inspectors under the Financial Services (information Gathering and Co-Operation) Act 2013 by the Gibraltar Financial Services Commission (the "Appointments") until the date of the appeal against the Appointments (the "Appeal"). STM also confirms that the date of the Appeal has been set for 22 January 2018.
The Order also varies the previous Privacy and Anonymity Order (dated 9 November 2017) in order that the Appeal proceedings shall be heard and determined in public.
For further information, please contact:
|STM Group Plc|
|Alan Kentish, Chief Executive Officer||Via Walbrook PR|
|Therese Neish, Chief Financial Officer||www.stmgroupplc.com|
|Matt Goode / Emily Watts - Corporate Finance||Tel: +44 (0)20 7600 1658|
|Mia Gardner - Corporate Broking|
|Tom Cooper / Paul Vann||Tel: +44 (0) 20 7933 8780
Mob:+44(0) 797 122 1972
Notes to editors:
STM is a multi jurisdictional financial services group which is listed on the AIM Market of the London Stock Exchange. The Group specialises in the delivery of a wide range of financial service products to professional intermediaries and the administration of assets for international clients in relation to retirement, estate and succession planning and wealth structuring.
Today, STM has operations in the UK, Gibraltar, Malta, Jersey and Spain. The Group is looking to expand through the development of additional products and services that its ever more sophisticated clients demand. STM has developed a specialist international pensions division which specialises in Qualifying Recognised Overseas Pension Schemes (QROPS), Qualifying Non UK Pension Schemes (QNUPS). STM has a Gibraltar Life Insurance Company, STM Life 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