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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Stm Group Plc | STM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 52.50 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 52.50 | 52.50 | 52.50 | 52.50 | 52.50 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 27/06/2023 | Final | GBP | 0.006 | 31/08/2023 | 01/09/2023 | 19/09/2023 |
| 14/09/2022 | Interim | GBP | 0.006 | 20/10/2022 | 21/10/2022 | 16/11/2022 |
| 08/06/2022 | Final | GBP | 0.009 | 30/06/2022 | 01/07/2022 | 19/08/2022 |
| 14/09/2021 | Interim | GBP | 0.006 | 21/10/2021 | 22/10/2021 | 17/11/2021 |
| 11/05/2021 | Final | GBP | 0.0085 | 27/05/2021 | 28/05/2021 | 30/06/2021 |
| 08/09/2020 | Interim | GBP | 0.0055 | 22/10/2020 | 23/10/2020 | 19/11/2020 |
| 28/04/2020 | Interim | GBP | 0.0075 | 04/06/2020 | 05/06/2020 | 26/06/2020 |
| 10/09/2019 | Interim | GBP | 0.0075 | 24/10/2019 | 25/10/2019 | 20/11/2019 |
| Top Posts |
|---|
Posted at 28/6/2024 13:27 by rsymes6 I suspect not. She says she's moved to Malta to take up a new role so why would she make herself available when she's previously extended her stay due to the bid timetable overruns? I wouldn't want to pass up the certainty of a new role elsewhere for the continued uncertainties of a completion that keeps getting pushed back.I imagine that she's now also free of dealing restrictions so nothing to stop her reducing her exposure to STM with a sale or two, at a discount of course, but that might be worth the certainty of 'jam today vs. jam tomorrow'. |
Posted at 28/6/2024 11:18 by camerongd53 I suspect the CFO Teresee Neish is still availableshe probably has a very substantial proportion of her personal wealth in STM (nearly 500000 shares). I would have thought she would have stayed on to see the deal finalised. I would suspect she will make herseelf aailable to sort out any problems that arise |
Posted at 28/6/2024 08:18 by baner STM is in really good shape "as is" and if the bid collapse i believe the shares should not fall by more than 20-35% - with scope for long term good growth and also a generous dividend. it was rather surprising to see that STM has spent well north of £1m on legal fees in relation to the bid - one would have assumed it was the predtor who should pick up the bill in the case the bid falls through........ |
Posted at 27/6/2024 17:19 by tabhair The interim STM CFO has left. She wrote a goodbye message on linkedin and judging from the responses, she leaves on good terms from the company. No replacement CGO has been announced.https ://ibb.co/Sw1DJ1Z One of the people who liked her goodbye was the head of legal of the Gibraltar FSC. The same FSC who we're waiting on for approval of this deal. Things are looking good. I think we're very close (famous last words, I know). |
Posted at 14/6/2024 15:02 by tabhair RNS out, no approvals but STM is selling 20% of itself for £5m but with the ability to refer clients to the bit they are selling, earning fees. |
Posted at 26/5/2024 19:17 by baner I am not sure the predator can just walk away ”like that”. They will need to provide evidence they have done everything they could in order to get regulatory approvals, otherwise i believe they would be liable for the whole bid value and that would of course be a real distaster for them. Still there is the risk the BOD allow this to continue for some time, in which case the Bidder is retaining all accrued earnings within STM, with no compensation for shareholders - a very badly structured transaction if so. |
Posted at 25/3/2024 09:44 by baner The Buyer has no incentive to rush this through the regulatory Bodies: the price is fixed and any accrued earning belongs to the Buyer. This was a terrible mistake by STM in the negociations: the shareholders finance the Buyer while we also carry the risk of the deal eventually not happening. |
Posted at 24/2/2024 19:38 by pdosullivan It is a pity that the statement did not give an update on the status of approvals by jurisdiction. Presumably the green light is required from each of the markets in which STM has operations given the nature of its business. |
Posted at 27/9/2023 17:22 by rsymes6 I doubt it will A_L_S. With their mix of businesses and UK/international markets STM it's likely they would only attract a special type of buyer like PSFC rather than someone like another UK pension operator. It's not hard to imagine that the bidder wants one or two specific parts of STM and with a series of disposals of the bits it doesn't need/want it could end up with what it wants at an overall net cost of 'not a lot'. With the loan note option it buys itself time to dispose of other parts of the group, assuming it hasn't already been working on finding buyers already, other than the announced CEO as buyer of the SIPP part. |
Posted at 05/9/2023 16:57 by tabhair STM Group PLC("STM Group", the "Company" or the "Group") Offer update - revised offer terms and further extension to PUSU Deadline The board of STM Group is pleased to provide the following update. On 11 July 2023, the Company announced (the "2.4 Announcement") that it was in discussions with PSF Capital GP II Limited as general partner of PSF Capital Reserve LP ("Pension SuperFund Capital") regarding a possible offer for the issued and to be issued share capital of the Company at a price of 70 pence per share (the "Possible Offer"). In the 2.4 Announcement, Pension SuperFund Capital reserved the right, inter alia, to make an offer on less favourable terms than those described in that announcement with the agreement or consent of the Board of STM Group. Accordingly, the Board of STM Group has reached agreement in principle on revised key terms of the Possible Offer such that it would be a cash offer for the entire issued and to be issued share capital of the Company at a price of 67 pence per share and would be conditional upon the completion of a disposal of certain parts of the Group that are non-core to the strategy of Pension SuperFund Capital (the "Revised Possible Offer"). As a result, Alan Kentish (a director and shareholder of the Company) has signed heads of terms with STM Group and Pension SuperFund Capital to acquire certain parts of the Group, comprising the UK SIPP businesses and the businesses connected with and including the Master Trust. The acquisition of such parts of the Group would be conditional upon certain regulatory approvals and the Revised Possible Offer completing (the "Proposed Disposal"). The Proposed Disposal would also be subject to Rule 16 of the Code and require the approval of independent shareholders at a general meeting of the Company that would be convened if a firm offer pursuant to Rule 2.7 of the Code is announced by Pension SuperFund Capital. In light of the Proposed Disposal and Alan Kentish's interest in it, an independent committee of the Board of STM Group, comprising Nigel Birrell, Peter Smith and Therese Neish has been formed (the "Independent Committee") to consider the Revised Possible Offer and the Proposed Disposal. The Independent Committee has confirmed to Pension SuperFund Capital that, should a firm offer be made on the financial terms of the Revised Possible Offer, it would be minded to recommend it unanimously to STM Group's shareholders. Should a firm offer be made, it would be subject to the agreement of other customary terms and conditions, including the approval of the Financial Conduct Authority, the Gibraltar Financial Services Commission, the Malta Financial Services Authority and The Pensions Regulator. ----------- Brilliant news 👍 Certainly left it late. |
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