STM Group PLC Purchase of shares by EBT (7366W)
February 13 2017 - 6:39AM
UK Regulatory
TIDMSTM
RNS Number : 7366W
STM Group PLC
13 February 2017
STM Group Plc
("STM", the "Company" or the "Group")
Purchase of Ordinary Shares by STM EBT
STM Group Plc (AIM:STM), the cross border financial services
provider, was notified on 13 February 2017 that on that date the
STM employee benefit trust ("EBT"), acquired 105,422 ordinary
shares of 0.1p each ("Ordinary Shares") in the capital of the
Company, representing 0.18 per cent of STM's issued share capital,
at a price of 48p per share. These Ordinary Shares are to be held
on trust for the purpose of satisfying future awards to
beneficiaries of the Company's Value Creation Plan ("VCP").
The Company notes that as Therese Neish and Elizabeth Plummer
are directors of the trustee of the EBT and Therese Neish is a
potential beneficiary of the VCP, they are therefore treated as
having an interest in the Ordinary Shares.
For further information, please contact:
STM Group Plc
Alan Kentish, Chief Executive Tel: 00 350 200
Officer 42686
alan.kentish@stmgroupplc.com www.stmgroupplc.com
Therese Neish, Chief Financial Tel: 00 350 200
Officer 42686
therese.neish@stmgroupplc.com
finnCap www.finncap.com
Matt Goode / Emily Watts - Corporate Tel: +44 (0) 20
Finance 7220 0500
Mia Gardner - Corporate Broking
Walbrook www.walbrookpr.com
Tom Cooper / Paul Vann Tel: +44 (0) 20
7933 8780
Mob: +44 (0) 797
122 1972
tom.cooper@walbrookpr.com
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 delivery of a wide range of financial service
products to professional intermediaries and the administration of
assets for international clients in relation to retirement, estate
and succession planning and wealth structuring.
Today, STM has operations in Gibraltar, Malta, Jersey and Spain.
The Group is looking to expand through the development of
additional products and services that its ever more sophisticated
clients demand. STM has developed a specialist international
pensions division which specialises in Qualifying Recognised
Overseas Pension Schemes (QROPS), Qualifying Non UK Pension Schemes
(QNUPS). STM has 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.
Further information on STM Group can be found at
www.stmgroupplc.com
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1. Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------------
a) Name STM Group plc Employee Benefit
Trust ("EBT")
--- ------------------------------- -----------------------------------
2. Reason for the Notification
--- --------------------------------------------------------------------
a) Position/status Therese Neish (Chief Financial
Officer) and Elizabeth Plummer
(Company Secretary) are directors
of the trustee of the EBT
and Therese Neish is a potential
beneficiary
--- ------------------------------- -----------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- -----------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------------------
a) Name STM Group PLC
--- ------------------------------- -----------------------------------
b) LEI 213800SL3481DK3FO347
--- ------------------------------- -----------------------------------
4. Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- --------------------------------------------------------------------
a) Description of Ordinary Shares of 0.1p
the Financial
instrument, type
of instrument
---
Identification IM00B1S9KY98
code
--- ------------------------------- -----------------------------------
b) Nature of the Purchase of Ordinary Shares
transaction
--- ------------------------------- -----------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
48p 105,422
--------- ----------
--- ------------------------------- -----------------------------------
d) Aggregated information: Single transaction as in 4
* Aggregated volume c) above Price(s) Volume(s)
--------- ----------
48p 105,422
* Price --------- ----------
--- ------------------------------- -----------------------------------
e) Date of the transaction 13 February 2017
--- ------------------------------- -----------------------------------
f) Place of the London Stock Exchange, AIM
transaction (XLON)
--- ------------------------------- -----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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