STM Group Plc

STM

IM00B1S9KY98

Pension Funds

Market Closed - London S.E. Other stock markets 11:35:07 2024-04-30 am EDT			5-day change	1st Jan Change
57.5 ^GBX	0.00%		0.00%	+4.55%

Apr. 04	STM updates on takeover and Pathlines buy of SIPPS firms	AN
Apr. 04	STM Group Reports Progress on Asset Divestment, Takeover Bid by Jambo	MT

STM updates on takeover and Pathlines buy of SIPPS firms

April 04, 2024 at 07:26 am EDT

STM Group PLC - London-based cross-border financial services provider, operating in the UK, Gibraltar, Malta, Spain and Australia - Announces that the UK Financial Conduct Authority has approved the regulatory change of control applications made by Pathlines Holdings Ltd over the latter's acquisition of self-invested personal pension companies. Says the acquisition remains subject to the satisfaction or waiver of other conditions, including regulatory conditions. Also notes Jambo SRC Ltd has submitted regulatory change of control applications to the Gibraltar Financial Services Commission and the Malta Financial Services Authority over its acquisition of STM. Says these applications continue to progress. In December, STM shareholders voted in favour of the takeover, with the company expecting it would become effective in the second quarter of 2024.

Current stock price: 56.10 pence, down 2.4%

12-month change: Doubled

By Greg Rosenvinge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Latest news about STM Group Plc

STM updates on takeover and Pathlines buy of SIPPS firms	Apr. 04	AN
STM Group Reports Progress on Asset Divestment, Takeover Bid by Jambo	Apr. 04	MT
FTSE 100 Closes Up 0.3%, Standard Chartered Outperforms on Buyback	Feb. 23	DJ
STM annual revenue rises amid interest income boost	Feb. 23	AN
STM Group Plc Announces Group Revenue Results for the Year 2023	Feb. 23	CI
STM shareholders approve takeover by Jambo	Dec. 06	AN
STM Group Shareholders OK Acquisition Offer from Jambo SRC	Dec. 06	MT
FTSE 100 Rebounds, Closes at More Than One-Week High	23-10-10	DJ
STM agrees to GBP40 million takeover by Pension SuperFund	23-10-10	AN
STM Group Rises 10% on Takeover Bid from Pension SuperFund Capital	23-10-10	MT
STM Group Says Recommended Acquisition Offer By Jambo SRC	23-10-10	RE
Alan Kentish, the Chief Executive Officer of STM Group PLC entered into an agreement to acquire CAH Limited, London & Colonial Services Limited, Gresham Pension Trustees Limited, Personal Pension Trustees Limited and the 30% interest in Options UK Personal Pensions LLP (SIPPs Companies) from STM Group PLC in a management buyout transaction for a total cash consideration of £4.5 million.	23-10-09	CI
EARNINGS: Ukrproduct outlook uncertain amid war; Microlise revenue up	23-09-28	AN
FTSE 100 Closes Thursday Slightly Up as Gilt Yields Weigh on Index	23-09-28	DJ
Earnings Flash (STM.L) STM GROUP Posts H1 Revenue GBP13.2M	23-09-28	MT
Earnings Flash (STM.L) STM GROUP Posts H1 EPS GBX0.17	23-09-28	MT
STM Group Plc Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-28	CI
STM Group plc Suspends Payment of Interim Dividend	23-09-28	CI
FTSE 100 Closes Down As Rising Yields, Asia-Property Worries Weigh	23-09-25	DJ
STM Group not ready to relinquish interim CFO Neish	23-09-25	AN
STM Group updates on offer from Pension SuperFund Capital	23-09-15	AN
FTSE 100 Ends Week On Positive Note, Up 0.5%	23-09-08	DJ
UK Equity Funds' Persistent Headwinds Remain	23-09-08	DJ
STM notes extended deadline for offer from Pension SuperFund	23-09-08	AN
STM Group Suitor Secures Further Extension for Deadline to Finalize Buyout Bid Decision	23-09-08	MT

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Company Profile

STM Group PLC is an Isle of Man-based multi-jurisdictional financial services company. The Company specializes in the administration of client assets in relation to retirement, estate and succession planning and wealth structuring. It operates through four segments: Pensions, Life Assurance, Corporate Trustee Services and Other Services. It has operations in the United Kingdom, Gibraltar, Malta, Australia, and Spain. The Company has developed a range of pension products for United Kingdom nationals and internationally domiciled clients and has two Gibraltar life assurance companies which provide life insurance bond wrappers in which a variety of investments, including investment funds, can be held. The Companyâs products and services include international pension, life assurance solutions, annuities, workplace pension United Kingdom, workplace pension Malta, workplace pension Gibraltar. The Company also provides a range of international retirement solutions.

Sector

Pension Funds

Calendar

2024-09-09 - Q2 2024 Earnings Release (Projected)

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