STM Group PLC Trading Update & Directorate Change (7790N)
03 Febrero 2021 - 01:00AM
UK Regulatory
TIDMSTM
RNS Number : 7790N
STM Group PLC
03 February 2021
STM Group Plc
("STM", the "Company" or the "Group")
Trading Update, Notice of Results & Directorate Change
STM, the multi-jurisdictional financial services group,
announces, in line with existing guidance provided in the trading
update on 30 November 2020, that it expects to report 2020 Revenues
of GBP24.0m, EBITDA of GBP3.6m, PBT of GBP2.0m and net cash of
GBP15.5m. These estimates remain subject to any audit
adjustments.
STM expects to announce results for the 12 months to 31 December
2020 in early April 2021.
The Company also announces that Therese Neish has notified the
Board of her intention to step down as Chief Financial Officer and
resign from the Company. A search will commence immediately for a
new CFO, to be based in the UK. The Board expects to make an
appointment within Therese's notice period to allow ample time for
an orderly handover and will update the market accordingly in due
course.
Therese has been with STM for over 17 years, serving as CFO and
a member of the Board for the last 7 years, and her decision to
step down reflects her view that now is the right time to hand over
the role and allow her to explore other career opportunities.
Alan Kentish, Chief Executive Officer of STM, commented:
"We would all like to thank Therese for her contribution during
a period where we have significantly transformed the business and
made a number of complementary acquisitions.
"We are grateful for her ongoing support in ensuring a seamless
transition during the appointment and on-boarding of a successor
and wish her the very best for the future."
For further information, please contact:
STM Group Plc
Alan Kentish, Chief Executive Officer Via Walbrook PR
Therese Neish, Chief Financial Officer www.stmgroupplc.com
FinnCap www.finncap.com
Matt Goode / Emily Watts - Corporate Finance Tel: +44 (0) 20 7220
Tim Redfern / Richard Chambers - ECM 0500
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 UK, 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 SIPPs, Qualifying Recognised
Overseas Pension Schemes (QROPS), Qualifying Non UK Pension Schemes
(QNUPS). STM has two Gibraltar life assurance companies which
provide 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
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END
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