Corporate News

Director Declaration

14 November 2017

STM Group Plc (AIM: STM), the cross border financial services provider, is pleased to update the market that Alan Kentish, the Chief Executive Officer of STM, was released from arrest and police bail on 13 November 2017, without any charge.

Following STM's announcements of 30 October 2017 and 3 November 2017, and after consideration of the options available to Mr Kentish, an application was submitted for judicial review against the Royal Gibraltar Police (RGP) to the Supreme Court in Gibraltar on 9 November 2017.  No date for this hearing has yet been determined.

Separately, the RGP have now taken the step to release Mr Kentish from arrest and police bail. Mr Kentish continues to cooperate fully with the RGP whilst they conclude their investigation.

The Board has been advised that the documentation lodged to support the judicial review robustly defends that there is no merit to these allegations.

The Board of STM remains fully supportive of Alan Kentish.

The Company also wishes to announce that on 2 November 2017 Mr Kentish resigned from two Gibraltar regulated subsidiaries, being STM Fidecs Insurance Management Limited and STM Life Assurance PCC Plc. These resignations were purely voluntary and were to mitigate any potential reputational damage to the subsidiaries and to put in place the first steps of the relocation of the Group's Head Office out of Gibraltar (as per the announcement of 30 October 2017). This move will also allow Mr Kentish to fully focus on furthering the strategic objectives of the Company.

The Company's shares remain suspended from trading at this time.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.


For further information, please contact:

STM Group Plc
Alan Kentish, Chief Executive Officer Tel: 00 350 200 42686
Therese Neish, Chief Financial Officer
finnCap Tel: +44 (0)20 7600 1658
Matt Goode / Emily Watts - Corporate Finance
Mia Gardner - Corporate Broking
Media enquiries:
Walbrook PR
Tom Cooper / Paul Vann Tel: +44(0)2079338780
Mob: +44 (0) 797 122 1972
[email protected]


Options UK 
(part of STM Group Plc)
1st Floor Lakeside House
Shirwell Crescent
Furzton Lake
Milton Keynes


London & Colonial Services Limited
(part of STM Group Plc)
1st floor
21 Perrymount Road
Haywards Heath
West Sussex
RH16 3TP


PO Box 575
Montagu Pavilion
8-10 Queensway
GX11 1AA


San Gwakkin Building
Level 1
Triq is-Salib tal-Imriehel
Zone 4
Central Business District
Birkirkara, CBD4020


Edif. Sotovila
Plaza Mayor
P.N. de Guadiaro


Suite 315
5 Chancery Lane
London,EC4A 1BL


1st Floor,
Viking House,
St Paul’s Square, Ramsey,
Isle of Man,
IM8 1GB.

STM is a multi-jurisdictional financial services group listed on AIM, a market operated by the London Stock Exchange.
The Group specialises in the administration of client assets in relation to retirement, estate and succession planning and wealth structuring.

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STM Group companies are regulated where required in their host jurisdictions.

STM in the UK (London & Colonial and Options UK): Financial Conduct Authority - STM in Gibraltar: Gibraltar Financial Services Commission - STM in Malta: Malta Financial Services Authority - STM in Spain: Director General de Seguros, Fondos y Pensiones: STM Nummos, SL figura inscrita en el Registro Mercantil de Cádiz, Tomo 1612, Hoja 6697, Libro 0, Folio 14. CIF B-11301199.

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