Shareholder Litigation

Class Action for Former Shareholders in STM

  A class action group is being formed to represent former STM shareholders. This development follows a letter from Edmund Truell and Jambo SRC Limited (“Jambo”) to certain former shareholders, which states that no deferred consideration is payable in respect of Jambo’s acquisition of STM. If you held shares in STM Group plc at the time of the takeover, you will have received a Deferred Consideration Unit (“DCU”), exchangeable into loan notes worth up to seven pence per DCU and redeemable in cash ...