Notice of Results

RNS Number : 8620X

STM Group PLC

24 August 2009

 



Press Release

24 August 2009

STM Group Plc

('STM' or 'the Group')

Interim Results - Tuesday 8 September 2009

STM Group Plc (AIM:STM), the cross border financial services provider, advises that it will be announcing its Interim Results for period ended 30 June 2009 on Tuesday 8 September 2009.

An analyst briefing given by Tim Revill (Chief Executive Officer), Colin Porter (Chief Operations Officer) and Alan Kentish (Chief Financial Officer) will be held at 09.30 a.m.  on  Tuesday              8 September 2009 at Evolution Securities, 100 Wood Street, London, EC2V 7AN. 

- Ends - 

For further information, please contact:

STM Group Plc
Tim Revill, Chief Executive Officer	Tel: [phone]
[e-mail]	www.stmgroupplc.com

Evolution Securities	Tel: [phone]
Jeremy Ellis / Chris Clarke	www.evosecurities.com

Media enquiries:

Abchurch
Henry Harrison-Topham / George Parker	Tel: [phone]
[e-mail]	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 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. The Group expanded into the Channel Islands in December 2007, with the purchase of Compagnie Fiduciaire Trustees Limited. In June 2008, STM increased its presence in the Channel Islands with the acquisition of St George Financial Services Limited. For the year ending, 31 December 2008, STM Group reported revenue of £9.19 million with pre tax profit of £2.84 million 

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

 

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