STM Group profits fall amid newly extended takeover talks

Mark Battersby
clock • 3 min read

STM Group has reported a pre-tax profit of £100,000 for the six months ended 30 June, down from £500,000 in 2022, alongside takeover talks with Pension Superfund Capital that have been extended multiple times to the latest deadline of 11 October. Alan Kentish, STM Group chief executive said in his review: "To say it has been a busy period would be an understatement, firstly with the strategic review and more recently in dealing with the possible offer by Pension SuperFund Capital for the entire issued and to be issued share capital of the Company, as first announced on 11 July 2023. ...

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