STM Group Plc was formed as a strategic investment company specifically to build a leading financial services group operating in the international corporate and trustee service provider (CTSPs) sector. This is being achieved through acquiring, consolidating and growing high-quality existing CTSPs which offer complementary products and services and that operate from complementary jurisdictions.

The traditional business of CTSPs is to administer and manage personal, family and commercial assets and income streams in tax efficient jurisdictions. The economic factors for CTSPs include demand for more sophisticated tax planning, particularly for high net worth individuals (HNWIs) and those approaching retirement age, and the increased movement and migration of individuals, as evidenced, for example, by the growth in the number of British expatriates living in Southern Spain.

The CTSP market is fragmented in nature, comprising a small number of very large international financial services groups and a large number of relatively small trust and company management businesses regulated by, and operating out of, single offshore jurisdictions. The Directors believe that there is a clear opportunity for consolidation in this market.

STM's first acquisition was Fidecs Group Limited, which was renamed STM Fidecs Limited when the Company was admitted to AIM in March 2007. Founded in 1989 by STM's Deputy Chairman, Tim Revill, Fidecs operates principally from Gibraltar and specialises in financial planning both for HNWIs moving to work, live or retire overseas or making cross-border investments, and for entrepreneurial, predominantly owner-managed, businesses, expanding into or re-locating to other, frequently lower, tax jurisdictions.

The Directors have considerable expertise both of the CTSP sector, and of successfully integrating acquisitions, and believe that there is an opportunity to build a significant group in the CTSP sector, due to a combination of regulatory pressures, increasing compliance requirements, the market need for more sophisticated products and services provided with an international scope, and the pending retirement of owner managers of many existing CTSPs.

The Company acquired two Gibraltar based CTSPs in 2007, the Atlas Group of Companies and Parliament Corporate Services Limited, and also acquired a book of Gibraltar business from Jordans in 2008, all of which acquisitions further consolidated STM's leading position in Gibraltar.

The Group expanded into the Channel Islands with the purchase of Compagnie Fiduciaire Trustees Limited in December 2007 and St George Financial Services Limited in June 2008, consolidating its position in that jurisdiction with the acquisition of the Zenith Group of companies in April 2010.

The Group also has offices in Malta (opened in Sliema in 2010), in Spain (acquired via the Fidecs purchase and complimented by the acquisition of an additional book of expatriate service business in 2008) and in Cyprus (opened in 2012).

admission to the AIM Market on 28 March 2007,


http://stmgroupplc.com/

25 Jun finnCap 55.00 Corporate

STM Jersey Acquittal
RNS
RNS Number : 4382R
STM Group PLC
29 June 2015



29 June 2015





STM Group Plc

("STM" or "the Group")

STM Jersey Acquittal



STM Group Plc (AIM: STM), the multi-jurisdictional financial services group, is pleased to provide an update on the attempted prosecution brought against STM Jersey by the Attorney General for the States of Jersey as notified to the market on 2 April 2015.



STM Jersey has been acquitted of all charges and found not guilty, therefore will not be sanctioned professionally or financially.



Commenting on the court ruling, Colin Porter, Chief Executive of STM Group, said:



"STM Jersey has always fully cooperated with the Attorney General and was confident of its conduct, so this is a pleasing outcome."

STM Jersey Acquittal & JFSC Public Statement
RNS
RNS Number : 4869S
STM Group PLC
08 July 2015



8 July 2015





STM Group Plc

("STM" or "the Group")

STM Jersey Acquittal & JFSC Public Statement



STM Group Plc (AIM: STM), the multi-jurisdictional financial services group, provides the following update with respect to STM Fiduciaire, the Group's Jersey division.



As announced on the 29 June, STM Jersey and its former employee were found not guilty and acquitted of all criminal charges brought by the Attorney General in Jersey relating to a criminal investigation into its obligations to file one specific suspicious activity report. The investigation related to matters pertaining in 2011. The acquittal brings the criminal prosecution to a conclusion.



In 2012 a separate regulatory investigation was conducted by the Jersey Financial Services Commission into STM Jersey's systems and controls.



The Jersey Financial Services Commission ("JFSC"), has now released a statement, which was agreed between STM Fiduciaire Ltd and the JFSC in 2012 and was agreed between the parties would be issued upon a determination that no court case would be brought or the conclusion of any court case brought by the Attorney General against a former employee. STM understands the statement agreed between STM Fiduciaire Ltd and the JFSC relates to the conclusion of the regulatory investigation in 2012.



The JFSC's public statement recognises STM Ficuciaire's full cooperation in the investigation and highlights the 'robust action' taken by STM Fiduciaire to remediate its position. A number of shortcomings were identified during the investigation in relation to corporate governance and compliance, principally in relation to STM Jersey's handling of internal suspicious activity reports. The JFSC's public statement sets out the shortcomings together with the jointly agreed remediation programme.



STM took a number of positive steps at the time of the investigation in 2012 and subsequently to strengthen management and compliance within the business. STM also put in place a jointly agreed remediation programme, which has now been successfully completed, to rectify the issues identified in the investigation at that time. STM Fiduciaire and the JFSC as the Regulator have an open and constructive ongoing relationship.

ST of IC today - So no matter what way I look at it STM’s shares are far too lowly rated on a bid-offer spread of 44p to 47p. Strong buy.

Closed up 8.33%

Interim results

stm-closer-dividend-list

1 Sep finnCap 60.00 Corporate

STM Group PLC (STM:LSE) set a new 52-week high during today's trading session when it reached 57.20. Over this period, the share price is up 108.00%.

STM Group PLC (STM:LSE) set a new 52-week high during today's trading session when it reached 65.90. Over this period, the share price is up 144.07%

ST OF IC - I rate them a decent buy on a bid-offer spread of 45p to 47p given there is potentially 60 per cent upside to my maintained target price of 80p. Buy.

/runaway-stm-still-worth-backing

ST of IC - In my opinion, fair value for the company’s equity is nearer to £48m, or £40m net of cash on the balance sheet, implying a target price of 80p a share. Needless to say, I continue to rate STM’s shares a buy on a bid-offer spread of 53p to 55p ahead of the next trading update at the annual meeting in May. Buy.