Director/PDMR Shareholding

RNS Number : 3403H

Secure Trust Bank PLC

03 December 2020

 

PRESS RELEASE

Secure Trust Bank PLC

LEI: 213800CXIBLC2TMIGI76

3 December 2020

For immediate release

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

Cash Settlement in Lieu of Options

Secure Trust Bank (the "Company") announces that on 1 December 2020 Mr David Mercer, a PDMR of the Company, received a cash settlement in lieu of his share options granted in 2018 under the 2017 Long Term Incentive Scheme ("LTIP") at an exercise price of 40 pence ("Ordinary Shares"):

Participants.	Number of shares	Option Price
David Mercer	1,181	40p per share

The cash settlement of the LTIP, calculated at a share price of 911p, in line with the options cash settled on 27 November 2020, was used to determine the quantum of his 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		David Mercer
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 1,181
d)	Aggregated Information -  Aggregated volume -  Price		N/A
e)	Date of the transaction		2020-12-01
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]

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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