Purchase of shares by EBT

RNS Number : 7366W

STM Group PLC

13 February 2017

 

STM Group Plc

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

Purchase of Ordinary Shares by STM EBT

STM Group Plc (AIM:STM), the cross border financial services provider, was notified on 13 February 2017 that on that date the STM employee benefit trust ("EBT"), acquired 105,422 ordinary shares of 0.1p each ("Ordinary Shares") in the capital of the Company, representing 0.18 per cent of STM's issued share capital, at a price of 48p per share. These Ordinary Shares are to be held on trust for the purpose of satisfying future awards to beneficiaries of the Company's Value Creation Plan ("VCP").

The Company notes that as Therese Neish and Elizabeth Plummer are directors of the trustee of the EBT and Therese Neish is a potential beneficiary of the VCP, they are therefore treated as having an interest in the Ordinary Shares.

For further information, please contact:

STM Group Plc
Alan Kentish, Chief Executive Officer [e-mail]	Tel: [phone] www.stmgroupplc.com
Therese Neish, Chief Financial Officer [e-mail]	Tel: [phone]
finnCap	www.finncap.com
Matt Goode / Emily Watts - Corporate Finance Mia Gardner - Corporate Broking	Tel: [phone]
Walbrook	www.walbrookpr.com
Tom Cooper / Paul Vann	Tel: [phone]
	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 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

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	STM Group plc Employee Benefit Trust ("EBT")
2.	Reason for the Notification
a)	Position/status	Therese Neish (Chief Financial Officer) and Elizabeth Plummer (Company Secretary) are directors of the trustee of the EBT and Therese Neish is a potential beneficiary
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	STM Group PLC
b)	LEI	213800SL3481DK3FO347
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Ordinary Shares of 0.1p
	Identification code	IM00B1S9KY98
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 48p 105,422
d)	Aggregated information: ·      Aggregated volume ·      Price	Single transaction as in 4 c) above Price(s) Volume(s) 48p 105,422
e)	Date of the transaction	13 February 2017
f)	Place of the transaction	London Stock Exchange, AIM (XLON)

 

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