16 November 2018
STM Group Plc (AIM: STM), the cross border financial services provider, is pleased to provide an update on the announcement dated 30 October 2017 in respect of the arrest of Alan Kentish and one of his Gibraltar based colleagues by the Royal Gibraltar Police (RGP) (the "Announcement"). Alan Kentish and his colleague have now been formally advised that the investigation into matters described in the Announcement have been completed and no further action will be taken. No charges were ever made against the individuals.
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|
|Tim Redfern / Richard Chambers - ECM|
|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.
STM has operations in the UK, Malta, Gibraltar, 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 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