Director Declaration

RNS Number : 5359V

STM Group PLC

03 November 2017

 

STM Group Plc

("STM", "the Company" or "the Group")

Update on Director Declaration

STM Group Plc (AIM: STM), the cross border financial services provider, wishes to update the market on the matter involving Alan Kentish, the Chief Executive Officer of STM, in his capacity as professional director of a client company of STM.

Whilst all parties had expected this matter to have concluded quickly, the position has not changed since the Company's announcement on 30 October 2017. As such Mr Kentish is exploring the various options available to him to expedite a positive outcome.

Further review and advice continues to demonstrate that there are no merits to the allegations and the Board of STM remains fully supportive of Mr Kentish.

Further announcements will be made in due course, as appropriate.

For further information, please contact:

STM Group Plc
Therese Neish, Chief Financial Officer	Via Walbrook PR

finnCap	Tel: [phone]
Matt Goode / Emily Watts - Corporate Finance Mia Gardner - Corporate Broking	www.finncap.com

Media enquiries:

Walbrook PR	Tel: [phone]
Tom Cooper   / Paul Vann	Mob: [phone] [e-mail]

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.

Today, STM has operations in the UK, Gibraltar, Malta, 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 Qualifying Recognised Overseas Pension Schemes (QROPS), 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

 

END

 

 

RDNFSMFEDFWSESF