Buy
Sell
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 0.0% 32.50 31.00 34.00 32.50 32.50 32.50 0.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 23.3 3.9 5.7 5.7 19

STM Group PLC Update to Results Announcement Date

23/03/2020 8:00am

UK Regulatory (RNS & others)


Stm (LSE:STM)
Historical Stock Chart


From Mar 2020 to Jun 2020

Click Here for more Stm Charts.

TIDMSTM

RNS Number : 1200H

STM Group PLC

23 March 2020

 
 
 

STM Group Plc

("STM", the "Company" or the "Group")

Update to Results Announcement Date

STM Group Plc, the multi-jurisdictional financial services group, provides the following update to the market.

As previously announced, STM Group Plc intended to announce its preliminary results for the year ended 31 December 2019 on Tuesday 24 March 2020.

As announced by the UK Financial Conduct Authority ( " FCA") this morning, on 22 March 2020 the FCA wrote to all listed companies which were planning to announce preliminary financial statements shortly, requesting that all such listed companies that were looking to announce should delay their preliminary financial statements, in order to ease the practical challenges faced by the audit profession during the Coronavirus crisis.

Whilst the Board were in a position to announce the Company ' s preliminary financial statements on 24 March 2020, it has agreed to follow the FCA ' s request and will no longer announce its preliminary results on 24 March 2020.

In line with existing guidance provided in the trading update on 27 November 2019 and on 28 February 2020, STM expects to report 2019 Revenues of approximately GBP23.0m, reported PBT of approximately GBP3.8m, with Underlying PBT* of approximately GBP2.5m.

The Board will update the market with a date for the release of its audited financial statements as soon as practicable.

*Underlying PBT is profit before tax net of non-recurring costs and other exceptional items including bargain purchase gains and technical reserve releases that do not form part of the normal course of business.

For further information, please contact:

 
 STM Group Plc 
 Alan Kentish, Chief Executive Officer                    Via Walbrook PR 
  alan.kentish@stmgroupplc.com                        www.stmgroupplc.com 
 
 Therese Neish, Chief Financial Officer 
  therese.neish@stmgroupplc.com 
 
 finnCap                                                  www.finncap.com 
 Matt Goode / Simon Hicks - 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

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.

END

UPDPPURWWUPUPUP

(END) Dow Jones Newswires

March 23, 2020 04:00 ET (08:00 GMT)

1 Year Stm Chart

1 Year Stm Chart

1 Month Stm Chart

1 Month Stm Chart
ADVFN Advertorial
Your Recent History
LSE
STM
Stm
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20200605 04:08:20