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STM Group

  • BY: Andrew Hore |
  • POSTED: 09/03/2012 |

STM Group is raising 1.59m at 17.5p a share.

All the shares were acquired by International Financial Options Ltd, which is owned by N Green. This takes his shareholding to 23.8%.

The cash will be used to develop distribution channels and boost regulatory capital.

At 19p a share, the existing share capital is valued at 8.18m.

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