Issue of shares to Director
14 April 2010
STM Group PLC (AIM:STM), the cross border financial services provider, is pleased to announce that under the terms of the Group's Long Term Incentive Plan 2007 ('2007 LTIP') and as a result of having satisfied the employment period condition for the 2008 financial year awards, as set out within that plan, Colin Porter, the CEO of the Group, has received 60,000 ordinary shares of 0.1p in STM ("Ordinary Shares") increasing Mr Porter's shareholding to 337,613 Ordinary Shares, representing approximately 0.79 per cent. of the Company's issued share capital. As announced on 7 April 2010, Colin Porter is a participant in the Company's new 2010 Long Term Incentive Plan and has relinquished any further participation in the 2007 LTIP.
For further information, please contact:
STMGroup Plc | |
Colin Porter, Chief Executive Officer | Tel: 00 350 200 42686 |
[email protected] | www.stmgroupplc.com |
Alan Kentish, Chief Financial Officer | Tel: 00 350 200 78614 |
[email protected] | |
Evolution Securities Limited | Tel: +44 (0) 20 7071 4300 |
Jeremy Ellis / Chris Clarke | www.evosecurities.com |
Media enquiries: | |
Abchurch | |
Henry Harrison-Topham / Mark Dixon | 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