Malta Financial Services Authority approval of Harbour Pensions Limited acquisition
16 February 2018
STM Group Plc (AIM: STM), the cross border financial services provider, is pleased to announce that pursuant to the announcements on 13 November 2017 and 24 January 2018, the Malta Financial Services Authority approved the acquisition of Harbour Pensions Limited ("Harbour") by STM Malta Limited on 16 February 2018. Completion of the acquisition is expected to happen within the next few working days, following the remaining outstanding standard conditions being satisfied.
A further announcement will be made in respect of completion in due course.
The information communicated in this announcement includes inside information for the purposes of Article 7 Regulation 596/2014.
For further information, please contact:
|STM Group Plc|
|Alan Kentish, Chief Executive Officer||Via Walbrook PR|
|Therese Neish, Chief Financial Officer|
|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 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 United Kingdom, Malta, Jersey, Spain and Gibraltar. 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 UK SIPPs, Qualifying Recognised Overseas Pension Schemes (QROPS) and 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