STM Group PLC
20 February 2008
Press Release 20 February 2008
STM Group Plc
('STM', 'the Company' or 'the Group')
Preliminary Results - Tuesday 4 March 2008
STM Group Plc (AIM:STM), the cross border financial services provider, advises
that it will be announcing its Preliminary Results for the year ended 31
December 2007 on Tuesday, 4 March 2008.
An analyst briefing given by Tim Revill (Chief Executive Officer) and Alan
Kentish (Chief Financial Officer), will be held at 09.30 a.m. on Tuesday, 4
March 2008 at Abchurch Communications Ltd, 5th Floor, 100 Cannon Street, London,
EC4N 6EU.
- Ends -
For further information, please contact:
STM Group Plc
Tim Revill, Chief Executive Officer Tel: 00 350 51610
tim.revill@stmgroupplc.im www.stmgroupplc.com
Daniel Stewart & Company Plc
Lindsay Mair / Stewart Dick Tel: +44 (0) 20 7776 6550
www.danielstewart.co.uk
Media enquiries:
Abchurch
Henry Harrison-Topham / Charlie Jack Tel: +44 (0) 20 7398 7706
henry.ht@abchurch-group.com www.abchurch-group.com
Notes to editors
STM was formed in 2007 specifically to become a leading financial services group
operating in the Corporate and Trustee Service Provider (CTSP) sector. The
Company listed on the AIM market of the London Stock Exchange in March 2007.
The traditional business of CTSPs is to administer and manage personal, family
and commercial assets and income streams in tax efficient jurisdictions. The
Company's aim is to grow through acquiring and consolidating high quality
existing CTSPs which offer complementary products and services and that operate
in complementary tax efficient jurisdictions to those provided by STM's first
acquisition, the Gibraltar based CTSP, Fidecs Group Limited ('Fidecs').
Fidecs is the second largest financial services firm in Gibraltar and employs
over 101 people. It specialises in financial planning for both High Net Worth
individuals ('HNWI') moving to work, living or retiring overseas or making
cross-border investments, and for entrepreneurial, predominantly, owner-managed
businesses, expanding into or re-locating to other, frequently lower tax,
jurisdictions. It also includes an insurance management division, specialising
in providing set up and management services to newly formed insurance companies
operating out of Gibraltar. In the year ended 31 December 2006, Fidecs reported
turnover of £5 million with post tax profit of £1.7 million.
In June and August 2007 STM acquired two Gibraltar based CTS providers, the
Atlas Group of companies and Parliament Corporate Services Limited. These two
acquisitions further consolidated STM's leading position in Gibraltar.
Parliament has an established client base which, as at 31 December 2006, was
made up of 275 companies and 115 trusts and Atlas 60 companies and 30 trusts.
In December 2007, STM made its first strategic acquisition within the Channel
Islands when it acquired Jersey-based Compagnie Fiduciaire Trustees Limited
which comprised 23 trusts, holding in some cases sizeable investment portfolios.
The CTSP market is fragmented in nature, comprising a small number of very large
international financial services groups and a large number of relatively small
trust and company management businesses regulated by, and operating out of, a
single jurisdiction.
Further information on STM Group can be found at www.stmgroupplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
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