Director/PDMR Shareholding

RNS Number : 1624X

Secure Trust Bank PLC

26 April 2019

 

Secure Trust Bank PLC

26 April 2019

Secure Trust Bank PLC ("the Company")

Grant of Awards under the Company's 2017 Deferred Bonus Plan

On 25 April 2019 the Company granted the following awards over ordinary shares under the 2017 Deferred Bonus Plan (the "Plan") in respect of bonuses earned for the period ended 31 December 2018. 

PDMR	Number of ordinary shares subject to DBP award
Paul Lynam	19,169
Neeraj Kapur	9,606

Each award has been granted in the form of an Option with an exercise price per Share equal to the nominal value of a share* and, subject to the rules of the Plan will vest:

·      on 25 April 2020 as regards one third of the shares subject to it;

·      25 April 2021 as regards one third of the shares subject to it; and

·      25 April 2022 as regards one third of the shares subject to it. 

* In accordance with the terms of the awards, the exercise price payable may be waived before exercise.

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Paul Lynam
2.	Reason for the notification
a)	Position / status	Director
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer
a)	Name	Secure Trust Bank PLC
b)	LEI	213800CXIBLC2TMIGI76
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 40p each in Secure Trust Bank PLC.
b)	Identification code	GB00B6TKHP66
c)	Nature of the transaction	Grant of nil-cost option over ordinary shares under the Secure Trust Bank 2017 Deferred Bonus Plan.
d)	Price(s) and volume(s)	Price(s) Volume(s) Nil 19,169
e)	Aggregated information -     Volume -     Price	N/A
f)	Date of the transaction	25 April 2019
g)	Place of the transaction	Outside a trading venue

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Neeraj Kapur
2.	Reason for the notification
a)	Position / status	Director
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer
a)	Name	Secure Trust Bank PLC
b)	LEI	213800CXIBLC2TMIGI76
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 40p each in Secure Trust Bank PLC.
b)	Identification code	GB00B6TKHP66
c)	Nature of the transaction	Grant of nil-cost option over ordinary shares under the Secure Trust Bank 2017 Deferred Bonus Plan.
d)	Price(s) and volume(s)	Price(s) Volume(s) Nil 9,606
e)	Aggregated information -     Volume -     Price	N/A
f)	Date of the transaction	25 April 2019
g)	Place of the transaction	Outside a trading venue

A J Karter

Company Secretary

Secure Trust Bank PLC

[phone]

 

END

 

 

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