Update on Gibraltar entities Skilled Person Review

RNS Number : 1033N

STM Group PLC

04 May 2018

 

STM Group Plc

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

Update on Gibraltar regulated entities Skilled Person Review

STM Group Plc (AIM: STM), the multi-jurisdictional financial services group, advises that further to the update provided on 27 March 2018, the respective Gibraltar regulated entities are still working collaboratively with Deloitte and the Gibraltar Financial Services Commission in order to finalise the third-party review (a Skilled Person Review) being carried out under Section 7 of the Financial Services (Information Gathering and Co-operation) Act 2013, on certain aspects of the various Gibraltar businesses (the "Report").

A further announcement will be made as appropriate, once the Report has been finalised, which is now expected to be by the end of this month.

For further information, please contact:

STM Group Plc
Alan Kentish, Chief Executive Officer [e-mail]	Via Walbrook PR  www.stmgroupplc.com
Therese Neish, Chief Financial Officer [e-mail]
finnCap	www.finncap.com
Matt Goode / Emily Watts - Corporate Finance Tim Redfern / Richard Chambers - 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 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 also has two Gibraltar Life Assurance Companies which provide 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

 

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