STM Group PLC Update to Results Announcement Date (1200H)
23 Marzo 2020 - 9:00AM
UK Regulatory
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
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