INVESTOR RELATIONS

Corporate News

AGM Statement

24 June 2021

At the Annual General Meeting of STM Group Plc (AIM:STM), the cross-border financial services provider, to be held at 10am today, the Chairman, Duncan Crocker will make the following statement:

"I am pleased to confirm that the Group continues to perform in line with management's expectations as we approach the end of the first half of our financial year. The key deliverables of our three-year strategy remain the focus of the business, and we have achieved a number of milestones during the first six months of 2021.

"Notably, the four large IT projects to move our administration systems on to our chosen platforms are in the final stages of completion, and we have achieved one of our stated aims of exiting the Corporate and Trustee services sector. 

"Our focus going into the second half of 2021 is to accelerate new business revenue so as to improve profit margins against our cost base, which is largely fixed, and will invariably mean some refinement to our operating model. We will continue to seek opportunities to expand our distribution reach and product range by partnering with firms that wish to offer a pension or life wrapper solution to their client base.

"We remain committed to improving our overall capital management structure, and to delivering earnings enhancement from further acquisitions.

"None of this would be possible without the hard work of the management team and my STM colleagues as a whole, and I would like to thank them for the continued progress that we have made despite the ongoing challenges that Covid-19 has created.

"I look forward to the Company issuing a more detailed trading update as part of a pre-close statement for the half year ending 30 June 2021."

 

For further information, please contact:

STM Group Plc

 

Alan Kentish, Chief Executive Officer

Therese Neish, Chief Financial Officer

Via Walbrook PR

www.stmgroupplc.com

 

 

FinnCap

www.finncap.com

Matt Goode / Emily Watts - Corporate Finance

Tim Redfern / Richard Chambers - ECM

Tel: +44 (0) 20 7220 0500

 

 

Walbrook

www.walbrookpr.com

Tom Cooper / Anysia Virdi

Tel: +44 (0) 20 7933 8780

 

Mob: +44 (0) 797 122 1972

 

[email protected]

 

Notes to editors:

STM is a multi-jurisdictional financial services group traded 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.

Today, the Group has operations in the UK, Gibraltar, Malta and Spain. STM has developed a range of pension products for UK nationals and internationally domiciled clients and has two Gibraltar life assurance companies which provide life insurance bonds - wrappers in which a variety of investments, including investment funds, can be held.

STM's growth strategy is focussed on both organic initiatives and strategic acquisitions.

Further information on STM Group can be found at www.stmgroupplc.com

UNITED KINGDOM

Options UK 
(part of STM Group Plc)
1st Floor Lakeside House
Shirwell Crescent
Furzton Lake
Milton Keynes
Buckinghamshire
MK4 1GA

UNITED KINGDOM

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

GIBRALTAR

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

MALTA

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

SPAIN

Edif. Sotovila
Plaza Mayor
P.N. de Guadiaro
Sotogrande
Cadiz
11311
Spain

HEAD OFFICE

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5 Chancery Lane
London,EC4A 1BL
UK

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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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