We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 57.50 | 55.00 | 60.00 | 57.50 | 57.50 | 57.50 | 10,000 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | 24.42M | 844k | 0.0142 | 40.49 | 34.16M |
TIDMSTM
RNS Number : 8948C
STM Group PLC
24 June 2021
STM Group Plc
("STM", the "Company" or the "Group")
AGM Statement
At the Annual General Meeting of STM Group Plc (AIM:STM), the cross-border financial services provider, to be held at 10am today, the Chairman, Duncan Crocker will make the following statement:
"I am pleased to confirm that the Group continues to perform in line with management's expectations as we approach the end of the first half of our financial year. The key deliverables of our three-year strategy remain the focus of the business, and we have achieved a number of milestones during the first six months of 2021.
"Notably, the four large IT projects to move our administration systems on to our chosen platforms are in the final stages of completion, and we have achieved one of our stated aims of exiting the Corporate and Trustee services sector.
"Our focus going into the second half of 2021 is to accelerate new business revenue so as to improve profit margins against our cost base, which is largely fixed, and will invariably mean some refinement to our operating model. We will continue to seek opportunities to expand our distribution reach and product range by partnering with firms that wish to offer a pension or life wrapper solution to their client base.
"We remain committed to improving our overall capital management structure, and to delivering earnings enhancement from further acquisitions.
"None of this would be possible without the hard work of the management team and my STM colleagues as a whole, and I would like to thank them for the continued progress that we have made despite the ongoing challenges that Covid-19 has created.
"I look forward to the Company issuing a more detailed trading update as part of a pre-close statement for the half year ending 30 June 2021."
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 / Anysia Virdi 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
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
AGMBSGDLGUDDGBX
(END) Dow Jones Newswires
June 24, 2021 02:00 ET (06:00 GMT)
1 Year Stm Chart |
1 Month Stm Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions