INVESTOR RELATIONS

STM Group PLC (AIM:STM), the cross border financial services provider, is pleased to provide the following trading update for the half year ended 30 June 2010.

Unaudited Group turnover for the first half of 2010 is expected to be materially up on the same period last year at approximately £4.65 million (H1 2009: £4.13 million), reflecting a solid performance from the Group's core CTS businesses in Gibraltar and Jersey and encouraging signs of improvements in trading across the Group's other emerging divisions. Integration of Zenith Trust Company in Jersey, STM's latest acquisition announced in April, has gone well and the Board is confident that Jersey will now become another "engine room" for the Group, alongside Gibraltar, providing significant and predictable earnings. The Group's unaudited administrative expenses for the period are broadly in line with management's expectations at approximately £4.09 million (H1 2009: £3.95 million), the result of which is that the Group is trading in line with management expectations for the full year. Further information will be provided by STM at the time of the Group's Interim Results.

The Group's unaudited Interim Results for the six months ended 30 June 2010 are expected to be announced on Wednesday 15 September 2010. An analyst briefing to be given by Colin Porter (Chief Executive Officer) and Alan Kentish (Chief Financial Officer) will be held at 09.30 a.m. on Wednesday 15 September 2010 at the offices of Abchurch Communications, 125 Old Broad Street, London EC2N 1AR.

 

For further information, please contact:

STM Group 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	Tel: +44 (0) 20 7071 4300
Jeremy Ellis / Chris Clarke	www.evosecurities.com
finnCap	Tel: +44 (0)20 7600 1658
Tom Jenkins / Marc Young	www.finncap.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