IN BRIEF: STM Group updates on offer from Pension SuperFund Capital

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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

STM Group PLC - London-based cross-border financial services provider - Receives irrevocable undertakings to vote in favour of the revised offer from Pension SuperFund Capital in respect of 29% of its share capital, subject to an offer of no less than 67 pence in cash being made by September 27. Also receives letter of intent to vote in favour of the offer in respect of 3.4% of its share capital on the same condition.

Current stock price: 56.10 pence

12-month change: more than doubled from 26.00p

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