STM Jersey Acquittal

RNS Number : 4382R

STM Group PLC

29 June 2015

 

29 June 2015

STM Group Plc

("STM" or "the Group")

STM Jersey Acquittal

STM Group Plc (AIM: STM), the multi-jurisdictional financial services group, is pleased to provide an update on the attempted prosecution brought against STM Jersey by the Attorney General for the States of Jersey as notified to the market on 2 April 2015.

STM Jersey has been acquitted of all charges and found not guilty, therefore will not be sanctioned professionally or financially.

Commenting on the court ruling, Colin Porter, Chief Executive of STM Group, said:

"STM Jersey has always fully cooperated with the Attorney General and was confident of its conduct, so this is a pleasing outcome." 

For further information, please contact:

STM Group Plc	www.stmgroupplc.com
Colin Porter, Chief Executive Officer [e-mail]	Tel: [phone]
Therese Neish, Chief Financial Officer [e-mail]	Tel: [phone]
finnCap	www.finncap.com
Matt Goode / Christopher Raggett / Emily Watts Corporate Finance Mia Gardner - Corporate Broking	Tel: [phone]
Walbrook PR	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 administration of assets for international clients in relation to retirement, estate and succession planning and wealth structuring.

Today, STM has operations in Gibraltar, Spain, Jersey, Malta and Cyprus. The Group is looking to expand through the development of additional products and services that its ever more sophisticated clients demand.  STM has, for example, incorporated 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. STM has developed a specialist international pensions division which specialises in Qualifying Recognised Overseas Pension Schemes (QROPS), Qualifying Non UK Pension Schemes (QNUPS) and Employer Funded Retirement Benefit Schemes (EFRBS).

Further information on STM Group can be found at www.stmgroupplc.com

 

END

 

 

MSCSELFWAFISEDM