STM Group PLC Change of Auditor (7424F)
November 09 2022 - 2:00AM
UK Regulatory
TIDMSTM
RNS Number : 7424F
STM Group PLC
09 November 2022
9 November 2022
STM Group Plc
("STM", the "Company" or the "Group")
Change of Auditor
Following a competitive tender process overseen by the Group
Audit & Risk Committee, the Company announces the resignation
of Deloitte LLP as auditor and the appointment, with immediate
effect, of Grant Thornton as auditor for the financial year ending
31 December 2022. Grant Thornton's re-appointment for the
subsequent financial year will be subject to approval by
shareholders at the next Annual General Meeting of the Company to
be held in 2023.
The Audit & Risk Committee decided to undertake a formal
audit tender process following the end of the last financial
period, which represented the fifth set of financial statements
audited by Deloitte LLP. Deloitte LLP has deposited with the
Company a statement confirming that there are no matters to be
brought to the attention of the Company's members or creditors.
For further information, please contact:
STM Group Plc
Alan Kentish, Chief Executive Officer Via Walbrook PR
Therese Neish, Interim Chief Financial Officer www.stmgroupplc.com
FinnCap www.finncap.com
Matt Goode / Emily Watts - Corporate Finance Tel: +44 (0) 20 7220
Tim Redfern / Richard Chambers - ECM 0500
Walbrook www.walbrookpr.com
Tom Cooper / Joseph Walker Tel: +44 (0) 20 7933
8780
Mob: +44 (0) 797 122
1972
STM@walbrookpr.com
Notes to editors:
The external audit will be managed by Grant Thornton Ireland,
utilising its international network of member firms.
STM is a multi-jurisdictional financial services group traded on
AIM, a market operated by the London Stock Exchange. The Group
specialises in the administration of client assets in relation to
retirement, estate and succession planning and wealth
structuring.
Today, the Group has operations in the UK, Gibraltar, Malta,
Australia and Spain. STM has developed a range of pension products
for UK nationals and internationally domiciled clients and has two
Gibraltar life assurance companies which provide life insurance
bonds - wrappers in which a variety of investments, including
investment funds, can be held.
STM's growth strategy is focused on both organic initiatives and
strategic acquisitions.
Further information on STM Group can be found at
www.stmgroupplc.com
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END
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