STM Group Plc (AIM: STM), the cross border financial services provider, announces that on 19 November Kevin Dann, Managing Director of STM Life Assurance PCC PLC, a wholly owned subsidiary of STM Group PLC (who is a PDMR) purchased 892 Ordinary Shares at a price of 57 pence per share as a result of the dividend reinvestment policy of his personal pension scheme (SIPP).
Following the above transaction, the SIPP holds 74,254 Ordinary Shares.
The below notification, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on this transaction.
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 a Gibraltar Life Insurance Company, STM Life plc, which provides life insurance bonds - wrappers in which a variety of investments, including investment funds, can be held.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Details of the person discharging managerial responsibilities / person closely associated
Reason for the Notification
PDMR, Managing Director of wholly owned subsidiary STM Life Assurance PCC PLC
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
STM Group PLC
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
Description of the Financial instrument, type of instrument
Ordinary Shares of 0.01p
Nature of the transaction
Purchase of Ordinary Shares
Price(s) and volume(s)
· Aggregated volume
Single transaction as in 4c) above
Date of the transaction
19 November 2018
Place of the transaction
London Stock Exchange, AIM Market (XLON)
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 [email protected] or visit www.rns.com.
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