Purchase of Ordinary Shares by STM EBT
13 February 2017
STM Group Plc (AIM:STM), the cross border financial services provider, was notified on 13 February 2017 that on that date the STM employee benefit trust ("EBT"), acquired 105,422 ordinary shares of 0.1p each ("Ordinary Shares") in the capital of the Company, representing 0.18 per cent of STM's issued share capital, at a price of 48p per share. These Ordinary Shares are to be held on trust for the purpose of satisfying future awards to beneficiaries of the Company's Value Creation Plan ("VCP").
The Company notes that as Therese Neish and Elizabeth Plummer are directors of the trustee of the EBT and Therese Neish is a potential beneficiary of the VCP, they are therefore treated as having an interest in the Ordinary Shares.
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) 20 7933 8780
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|
|a)||Name||STM Group plc Employee Benefit Trust ("EBT")|
|2.||Reason for the Notification|
|a)||Position/status||Therese Neish (Chief Financial Officer) and Elizabeth Plummer (Company Secretary) are directors of the trustee of the EBT and Therese Neish is a potential beneficiary|
|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 0.1p|
|b)||Nature of the transaction||Purchase of Ordinary Shares|
|c)||Price(s) and volume(s)||
· Aggregated volume
|Single transaction as in 4 c) above
|e)||Date of the transaction||13 February 2017|
|f)||Place of the transaction||London Stock Exchange, AIM Market (XLON)|