Stm Grp. Regulatory News (STM)

20 Feb 2008 07:00

STM Group PLC20 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, advisesthat it will be announcing its Preliminary Results for the year ended 31December 2007 on Tuesday, 4 March 2008. An analyst briefing given by Tim Revill (Chief Executive Officer) and AlanKentish (Chief Financial Officer), will be held at 09.30 a.m. on Tuesday, 4March 2008 at Abchurch Communications Ltd, 5th Floor, 100 Cannon Street, London,EC4N 6EU. - Ends - For further information, please contact:STM Group PlcTim Revill, Chief Executive Officer Tel: 00 350 51610tim.revill@stmgroupplc.im www.stmgroupplc.com Daniel Stewart & Company PlcLindsay Mair / Stewart Dick Tel: +44 (0) 20 7776 6550 www.danielstewart.co.uk Media enquiries:AbchurchHenry Harrison-Topham / Charlie Jack Tel: +44 (0) 20 7398 7706henry.ht@abchurch-group.com www.abchurch-group.com Notes to editors STM was formed in 2007 specifically to become a leading financial services groupoperating in the Corporate and Trustee Service Provider (CTSP) sector. TheCompany listed on the AIM market of the London Stock Exchange in March 2007.The traditional business of CTSPs is to administer and manage personal, familyand commercial assets and income streams in tax efficient jurisdictions. TheCompany's aim is to grow through acquiring and consolidating high qualityexisting CTSPs which offer complementary products and services and that operatein complementary tax efficient jurisdictions to those provided by STM's firstacquisition, the Gibraltar based CTSP, Fidecs Group Limited ("Fidecs"). Fidecs is the second largest financial services firm in Gibraltar and employsover 101 people. It specialises in financial planning for both High Net Worthindividuals ("HNWI") moving to work, living or retiring overseas or makingcross-border investments, and for entrepreneurial, predominantly, owner-managedbusinesses, expanding into or re-locating to other, frequently lower tax,jurisdictions. It also includes an insurance management division, specialisingin providing set up and management services to newly formed insurance companiesoperating out of Gibraltar. In the year ended 31 December 2006, Fidecs reportedturnover of £5 million with post tax profit of £1.7 million. In June and August 2007 STM acquired two Gibraltar based CTS providers, theAtlas Group of companies and Parliament Corporate Services Limited. These twoacquisitions further consolidated STM's leading position in Gibraltar.Parliament has an established client base which, as at 31 December 2006, wasmade 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 ChannelIslands when it acquired Jersey-based Compagnie Fiduciaire Trustees Limitedwhich comprised 23 trusts, holding in some cases sizeable investment portfolios. The CTSP market is fragmented in nature, comprising a small number of very largeinternational financial services groups and a large number of relatively smalltrust and company management businesses regulated by, and operating out of, asingle 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