Last checked at 31 Jan 2022 07:00
STM Group Plc
("STM", the "Company" or the "Group")
Trading Update, Board Change
Notice of Results & Investor Presentation
STM Group Plc (AIM: STM), the cross border financial services provider, announces a trading update for the 12 months to 31 December 2021, a Board change and notice of its final results for 2021.
Trading Update
Further to the trading update of 19 November 2021, the Board confirms that its trading results for 2021 will be materially in line with previous guidance, subject to any adjustments resulting from the Group audit process. Expectations for 2022 also remain in line with existing guidance.
Board Change
Robin Ellison, who joined the Plc Board as a Non-Executive Director at the time of STM's acquisition of the London & Colonial Group in 2016, relinquishes his Board position as from today, 31 January 2022, having completed a five year term. A process is underway to appoint a successor to Robin and a further announcement will be made at the appropriate time.
Commenting on Robin's contribution, Alan Kentish, CEO, said:
"Robin has been a valued member of the Plc Board and with his pension legal background has significantly added to the vision and strategy of the Group. His career in the UK pensions industry spans many decades, and his depth of knowledge and contacts means that STM will continue to work with Robin on a consultancy basis going forward. I, along with the remainder of the Plc Board, would like to thank Robin for his valued service to STM."
Notice of Results
STM Group expects to announce its Final Results for the 12 months to 31 December 2021 on Tuesday 29 March 2022.
Investor Presentation - 4pm on Wednesday 30 March 2022
Chief Executive, Alan Kentish, and Chief Financial Officer, Nicole Coll, will be hosting a remote presentation to review the 2021 Results and prospects at 4pm on Wednesday 30 March 2022.
The presentation will be hosted through the digital platform Investor Meet Company. Investors can sign up to Investor Meet Company and add to meet STM Group Plc via the following link https://www.investormeetcompany.com/stm-group-plc/register-investor.
For those investors who have already registered and added to meet the Company, they will automatically be invited.
Questions can be submitted pre-event to STM@walbrookpr.com or in real time during the presentation via the "Ask a Question" function.
For further information, please contact:
STM Group Plc |
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Alan Kentish, Chief Executive Officer Nicole Coll, Chief Financial Officer | Via Walbrook PR www.stmgroupplc.com |
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finnCap | www.finncap.com |
Matt Goode / Abigail Kelly - Corporate Finance Tim Redfern / Richard Chambers - ECM | Tel: +44 (0) 20 7220 0500 |
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Walbrook | www.walbrookpr.com |
Tom Cooper / Nicholas Marsden | Tel: +44 (0) 20 7933 8780 |
| Mob: +44 (0) 797 122 1972 |
| STM@walbrookpr.com |
Notes to editors:
STM is a multi-jurisdictional financial services group traded on AIM, a market operated by the London Stock Exchange. The Group specialises in the administration of client assets in relation to retirement, estate and succession planning and wealth structuring.
Today, the Group has operations in the UK, Gibraltar, Malta and Spain. STM has developed a range of pension products for UK nationals and internationally domiciled clients and has two Gibraltar life assurance companies which provide life insurance bonds - wrappers in which a variety of investments, including investment funds, can be held.
STM's growth strategy is focussed on both organic initiatives and strategic acquisitions.
Further information on STM Group can be found at www.stmgroupplc.com