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Stm Grp. Share News (STM)
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- This share is currently suspended. It was suspended at a price of 61.50
- There is currently no data for STM
STM pushes back takeover deadline for second time
(Sharecast News) - Shares in AIM-listed STM Group dropped on Tuesday morning after the financial services company once again extended its deadline to agree terms on a takeover by Pension SuperFund (PSF) Capital.
The companies announced back on 11 July that they had reached agreement in principle on the key terms of a possible cash offer for STM, which valued the company at 70p per share or £42m.
STM said at the time that, should a firm offer be made, it would "recommend it unanimously" to shareholders.
It had initially set an 8 August 'put up or shut up' deadline for a firm offer, which was then extended to 22 August. The company now says it has pushed this back again to 5 September.
"This deadline may be further extended with the consent of the [Takeovers and Mergers] Panel, at STM Group's request," the company said in a statement.
The shares were down 11% at 46.55p on Tuesday morning.
Latest STM News
- EARNINGS: Katoro Gold pretax loss narrows; Ondine Biomedical sales up
30 Sep 2024 - EARNINGS AND TRADING: Checkit's HMRC case closed; STM profit falls
27 Jun 2024 - IN BRIEF: STM updates on takeover and Pathlines buy of SIPPS firms
4 Apr 2024 - IN BRIEF: STM annual revenue rises amid interest income boost
23 Feb 2024 - STM FY revenues seen ahead of market expectations
23 Feb 2024 - IN BRIEF: STM shareholders approve takeover by Jambo
6 Dec 2023 - UK shareholder meetings calendar - next 7 days
29 Nov 2023 - IN BRIEF: STM agrees to GBP40 million takeover by Pension SuperFund
10 Oct 2023
Related News
EARNINGS: Katoro Gold pretax loss narrows; Ondine Biomedical sales up
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News:
EARNINGS AND TRADING: Checkit's HMRC case closed; STM profit falls
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately report...
IN BRIEF: STM updates on takeover and Pathlines buy of SIPPS firms
STM Group PLC - London-based cross-border financial services provider, operating in the UK, Gibraltar, Malta, Spain and Australia - Announces that the...
Stm Grp. News
EARNINGS: Katoro Gold pretax loss narrows; Ondine Biomedical sales up
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News:
EARNINGS AND TRADING: Checkit's HMRC case closed; STM profit falls
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately report...
IN BRIEF: STM updates on takeover and Pathlines buy of SIPPS firms
STM Group PLC - London-based cross-border financial services provider, operating in the UK, Gibraltar, Malta, Spain and Australia - Announces that the...
IN BRIEF: STM annual revenue rises amid interest income boost
STM Group PLC - London-based cross-border financial services provider, operating in the UK, Gibraltar, Malta, Spain and Australia - Says revenue for 2...
STM FY revenues seen ahead of market expectations
(Sharecast News) - Financial services provider STM Group said on Friday that full-year revenues were £28.0m, ahead of market expectations, driven...
IN BRIEF: STM shareholders approve takeover by Jambo
STM Group PLC - London-based cross-border financial services provider, operating in the UK, Gibraltar, Malta, Spain and Australia - Says the majority...
IN BRIEF: STM agrees to GBP40 million takeover by Pension SuperFund
STM Group PLC - London-based cross-border financial services provider, operating in the UK, Gibraltar, Malta, Spain and Australia - Agrees to takeover...
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