ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

STM Stm Group Plc

61.50
0.00 (0.00%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Stm Group Plc LSE:STM London Ordinary Share IM00B1S9KY98 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 61.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 61.50 GBX

Stm (STM) Latest News

Stm (STM) Discussions and Chat

Stm Forums and Chat

Date Time Title Posts
24/12/202410:24STM Group1,513
09/1/200919:12Streetnames with Charts & News9
14/7/200508:52Streetnames - an interesting shell47

Add a New Thread

Stm (STM) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Stm (STM) Top Chat Posts

Top Posts
Posted at 14/11/2024 14:35 by tabhair
hxxps://www.stmgroupplc.com/docs/librariesprovider45/archive/offer/scheme-of-arrangement-documents/project-atlantic---scheme-document(143884015-1).pdf

I've been reading the scheme of arrangement document to see what comes next with the DCU's.

This is the timeline based on my reading (if I'm wrong on anything, please correct me).

First question, is what are the conditions in determining the the actual monetary pay out.

"Subject to the DCU Conditions being met, the calculation of the Loan Note Principal Value shall be based on an assessment of change in the net attrition rate of customer numbers, which means, the netting off of new customer wins against customer losses on an annualised basis across, in each case, the STM Group business during the period from 30 September 2023 until the last day of the month prior to the Effective Date."

The actual amount we will receive is based on client attrition from 30 September 2023 to 30 September 2024.

Markets were quite buoyant/stable in that period, borne out by STM's recent results. Based on that, I don't see any reason why that pay-out shouldn't be the full 7p.

Second question, when will we be informed of what we're due to be paid out?

"Bidco shall prepare and deliver to a representative appointed by STM the calculation of the Loan Note Principal Value for review no later than 15 business days after the Effective Date."

Also.

"Within 10 business days of determination of the Loan Note Principal Value referred to above, Bidco shall issue the Loan Notes, each Loan Note being in a principal amount equal to the Loan Note Principal Value."

Effective date was the 31st of October 2024. Bidco have to tell STM the valuation 15 days after the effective date. Bidco then have 10 days after that to issue the loan notes to shareholders.

In other words, we should have loan notes in our possession with the exact amount we're going to receive by the 25th of October 2024.

Final question, when will the loan notes actually pay out?

"Other than as set out below, the Loan Notes will be issued on the Loan Note Issue Date with a term which shall end on the date falling 12 months after the Effective Date (the “Final Redemption Date”)"

The loan note will pay out 1 year after the effective date. In other words, we should receive the money on the 31st of October 2025.
Posted at 14/11/2024 11:29 by lammylover
Received my money today (14/11/24)in my trading platform, exactly as per the RNS information.

Been in STM a few years and its been a roller coaster ride, but fairly happy with final sale, albeit it seems that the group of companies is just starting to deliver strong results.

Hopefully they will continue to do well in the next year and we will get the 7p/share bonus.
Posted at 30/8/2024 15:02 by baner
i doubt it takes this long for Malta & Gibraltar to handle this - i bet it is the buyer who allow this to drag on, as any profits accrued until completion belongs to them - wihtout having to pay for the company yet! this was an idiotic agreement made by the STM BOD and advisors - outright stupid.
Posted at 30/8/2024 09:48 by fillipe
RNS out today;



f
Posted at 28/6/2024 12:27 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 10:18 by camerongd53
I suspect the CFO Teresee Neish is still available
she 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 07:18 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 16:19 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 14:02 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 05/9/2023 15:57 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.
Stm share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock