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Director Declaration

14 Nov 2017 11:46

RNS Number : 4660W
STM Group PLC
14 November 2017
 

 

 

 

Press Release

14 November 2017

 

 

STM Group Plc

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

 

Director Declaration

 

STM Group Plc (AIM: STM), the cross border financial services provider, is pleased to update the market that Alan Kentish, the Chief Executive Officer of STM, was released from arrest and police bail on 13 November 2017, without any charge.

 

Following STM's announcements of 30 October 2017 and 3 November 2017, and after consideration of the options available to Mr Kentish, an application was submitted for judicial review against the Royal Gibraltar Police (RGP) to the Supreme Court in Gibraltar on 9 November 2017. No date for this hearing has yet been determined.

 

Separately, the RGP have now taken the step to release Mr Kentish from arrest and police bail. Mr Kentish continues to cooperate fully with the RGP whilst they conclude their investigation.

 

The Board has been advised that the documentation lodged to support the judicial review robustly defends that there is no merit to these allegations.

 

The Board of STM remains fully supportive of Alan Kentish.

 

The Company also wishes to announce that on 2 November 2017 Mr Kentish resigned from two Gibraltar regulated subsidiaries, being STM Fidecs Insurance Management Limited and STM Life Assurance PCC Plc. These resignations were purely voluntary and were to mitigate any potential reputational damage to the subsidiaries and to put in place the first steps of the relocation of the Group's Head Office out of Gibraltar (as per the announcement of 30 October 2017). This move will also allow Mr Kentish to fully focus on furthering the strategic objectives of the Company.

 

The Company's shares remain suspended from trading at this time.

 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 

For further information, please contact:

STM Group Plc

Alan Kentish, Chief Executive Officer

Therese Neish, Chief Financial Officer

Tel: 00 350 200 42686

www.stmgroupplc.com

 

 

finnCap

Tel: +44 (0)20 7600 1658

Matt Goode / Emily Watts - Corporate Finance

Mia Gardner - Corporate Broking

www.finncap.com

 

 

Media enquiries:

Walbrook PR

Tel: +44 (0) 20 7933 8780

Tom Cooper / Paul Vann

Mob: +44 (0) 797 122 1972

tom.cooper@walbrookpr.com

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCFFFFFLFWSELF
Date   Source Headline
3rd Apr 20097:00 amRNSReports & Accounts/Notice of AGM
2nd Apr 20099:32 amRNSIssue of Equity/Director PDMR Shareholding
6th Mar 20091:54 pmRNSHolding(s) in Company
3rd Mar 20097:00 amRNSPreliminary Results
13th Feb 20097:00 amRNSChange of Adviser and Notice of Results
12th Feb 20098:18 amRNSHolding(s) in Company
7th Jan 20097:00 amRNSIssue of Equity
15th Dec 20087:00 amRNSTrading Update
26th Nov 200812:51 pmRNSHolding(s) in Company
11th Nov 20082:55 pmRNSIssue of Equity
17th Oct 20081:25 pmRNSHolding(s) in Company
3rd Oct 20089:20 amRNSIssue of Equity
9th Sep 20087:00 amRNSInterim Results
19th Aug 20087:00 amRNSNotice of Results
1st Jul 20087:00 amRNSDirector/PDMR Shareholding
30th Jun 20087:00 amRNSApproval of Acquisition
18th Jun 20087:00 amRNSAcquisition of St George Fina
9th Jun 20088:30 amRNSHolding(s) in Company
2nd Jun 200810:39 amRNSHolding(s) in Company
14th May 20081:24 pmRNSIssue of Equity/Director PDMR
14th May 20081:18 pmRNSResult of AGM
22nd Apr 20087:00 amRNSNotice of AGM
19th Mar 20087:01 amRNSLaunch of STM Life Assurance
19th Mar 20087:00 amRNSIssue of Equity
4th Mar 20087:01 amRNSFinal Results
20th Feb 20087:00 amRNSNotice of Results
10th Jan 20087:00 amRNSAcquisition
4th Jan 200812:00 pmRNSDirector/PDMR Shareholding
10th Oct 20073:33 pmRNSHolding(s) in Company
10th Oct 20073:30 pmRNSHolding(s) in Company
1st Oct 20077:01 amRNSDirector/PDMR Shareholding
11th Sep 20077:01 amRNSInterim Results
6th Sep 20074:39 pmRNSHolding(s) in Company
3rd Sep 200711:05 amRNSRe Parliament Acquisition
23rd Aug 20077:00 amRNSParliament Acquisition
21st Aug 20077:00 amRNSNotice of Results
8th Aug 20073:34 pmRNSAim Rule 26
3rd Aug 20071:05 pmRNSAmendment Holdings in Company
26th Jul 20077:01 amRNSHolding(s) in Company
25th Jul 20077:00 amRNSTrading Update
9th Jul 200710:01 amRNSTotal Voting Rights
6th Jul 20078:00 amRNSHolding(s) in Company
2nd Jul 20072:55 pmRNSIssue of Equity
25th Jun 20077:01 amRNSIssue of Equity
18th Jun 20073:51 pmRNSResult of AGM
8th Jun 20077:01 amRNSAcquisition
24th May 20079:30 amRNSNotice of AGM
12th Apr 200712:55 pmRNSTotal Voting Rights
5th Apr 200710:30 amRNSIssue of Equity
2nd Apr 20075:21 pmRNSHolding(s) in Company

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