Approval of Acquisition of Parliament Corporate Services Limited
03 September 2007
STM Group Plc (AIM:STM), the cross border financial services provider, is today pleased to announce, that pursuant to the announcement on the 23 August 2007, the Gibraltar Financial Services Commission (“GFSC”) has approved the acquisition of the Parliament Corporate Services Limited.
Application has been made for the 1,932,773 new Ordinary Shares (‘Consideration Shares’) being issued at 59.5p per Ordinary Share to be admitted to trading on 3 September 2007.
Following the acquisition, STM’s issued share capital comprises 37,532,000 shares of common stock of per value 0.1 pence each. All of these Ordinary Shares carry voting rights.
For further information, please contact:
STM Group PLC | |
Tim Revill, Chief Executive | Tel: 00 350 51610 |
Matt Wood, Non-executive director | Tel: +44 (0) 20 7752 0215 |
Daniel Stewart & Co. Plc | |
Lindsay Mair / Tessa Smith | Tel: +44 (0) 20 7776 6550 |
Media enquiries:
Abchurch | |
Henry Harrison-Topham | Tel: +44 (0) 20 7398 7702 |
[email protected] | www.abchurch-group.com |
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