Director/PDMR Shareholding

RNS Number : 8335G

Secure Trust Bank PLC

30 November 2020

 

PRESS RELEASE

Secure Trust Bank PLC

LEI: 213800CXIBLC2TMIGI76

30 November 2020

For immediate release

SECURE TRUST BANK PLC ("Secure Trust" or the "Company")

Exercise of Options, Issue of Equity

Secure Trust Bank (the "Company") announces that on 27 November 2020 the following individuals, each PDMRs of the Company, received a cash settlement in lieu of their share options granted in 2017 under the 2017 Long Term Incentive Scheme ("LTIP") at an exercise price of 40 pence ("Ordinary Shares"):

Participants.	Number of shares	Option Price
Kevin Hayes	658	40p per share
Paul Kilbride	98	40p per share
Nick Shepherd	131	40p per share

The cash settlement of the LTIP, calculated at the closing share price of 911p on 26 November 2020 was used to determine the quantum of their award in exchange for the lapse of their share options detailed above.

There have been no changes to the total of 18,633,662 Ordinary Shares in issue, each carrying one voting right, (the  "Share Capital") as a consequence of the above.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 and was authorized for release by the Disclosure Committee of the Company.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name		Kevin Hayes
2	Reason for the notification
a)	Position/status		PDMR
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 Identification code		Ordinary shares of 40p each in Secure Trust Bank PLC ISIN number GB00B6TKHP66 SEDOL number B6TKHP6
b)	Nature of the transaction		Cash settle and lapse of an option
c)	Price(s) and volume(s)		Price(s) Volume(s) N/a 658
d)	Aggregated Information -  Aggregated volume -  Price		N/A
e)	Date of the transaction		2020-11-27
f)	Place of the transaction		London Stock Exchange
5		Securities
(a)		Type and class of securities		Fully paid ordinary shares of 40p each ISIN number GB00B6TKHP66 SEDOL number B6TKHP6

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name		Paul Kilbride
2	Reason for the notification
a)	Position/status		PDMR
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 Identification code		Ordinary shares of 40p each in Secure Trust Bank PLC ISIN number GB00B6TKHP66 SEDOL number B6TKHP6
b)	Nature of the transaction		Cash settle and lapse of an option
c)	Price(s) and volume(s)		Price(s) Volume(s) N/a 98
d)	Aggregated Information -  Aggregated volume -  Price		N/A
e)	Date of the transaction		2020-11-27
f)	Place of the transaction		London Stock Exchange
5		Securities
(a)		Type and class of securities		Fully paid ordinary shares of 40p each ISIN number GB00B6TKHP66 SEDOL number B6TKHP6

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name		Nick Shepherd
2	Reason for the notification
a)	Position/status		PDMR
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 Identification code		Ordinary shares of 40p each in Secure Trust Bank PLC ISIN number GB00B6TKHP66 SEDOL number B6TKHP6
b)	Nature of the transaction		Cash settle and lapse of an option
c)	Price(s) and volume(s)		Price(s) Volume(s) N/a 131
d)	Aggregated Information -  Aggregated volume -  Price		N/A
e)	Date of the transaction		2020-11-27
f)	Place of the transaction		London Stock Exchange
5		Securities
(a)		Type and class of securities		Fully paid ordinary shares of 40p each ISIN number GB00B6TKHP66 SEDOL number B6TKHP6

Enquiries:

Secure Trust Bank PLC

Paul Lynam, Chief Executive Officer

Mark Stevens, Company Secretary

Tel: [phone]

Stifel Nicolaus Europe Limited (Joint Broker)

Stewart Wallace

Tel: [phone] 

Canaccord Genuity Limited (Joint Broker)

David Tyrrell

Tel: [phone]

Tulchan Communications

Tom Murray/Sheebani Chothani

Tel: [phone]

About the Company:

Secure Trust Bank is an established, well‐funded and capitalised UK retail bank with a 68 year trading track record. Secure Trust Bank operates principally from its head office in Solihull, West Midlands, and had 972 employees (full‐ time equivalent) as at 30 June 2020. The Group's diversified lending portfolio currently focuses on two sectors:

(i)  Business Finance through its Real Estate Finance, Asset Finance and Commercial Finance divisions,

(ii)  Consumer Finance through its Motor Finance, Retail Finance, Debt Collection and Consumer Mortgages divisions

As at 30 June 2020 the Group's loans and advances to customers totalled £2,377.5 million, customer deposits totalled £1,999.2 million and the Group's total customer base was well over 1.6 million.

Secure Trust Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Secure Trust Bank, PLC, One Arleston Way, Solihull, B90 4LH.

 

END

 

 

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