Director/PDMR Shareholding

RNS Number : 2660Y

Secure Trust Bank PLC

07 September 2020

 

PRESS RELEASE

Secure Trust Bank PLC

LEI: 213800CXIBLC2TMIGI76

7 September 2020

For immediate release

SECURE TRUST BANK PLC

Notification of Dealing (PDMRs and PCAs)

Secure Trust Bank PLC, announces it was notified on 7 September 2020 that Mr Paul Myers, a PDMR of the Company, purchased 2,000 ordinary shares of 40p each in Secure Trust Bank PLC for a consideration of £6.25 per share.  The shares were purchased via Standard Life SIPP, which Paul Myers is a beneficiary of.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name		Paul Myers
2	Reason for the notification
a)	Position/status		Director (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		Purchase
c)	Price(s) and volume(s)		Price(s) Volume(s) £6.25 per share 2,000
d)	Aggregated Information -  Aggregated volume -  Price		2,000 £6.25 per share
e)	Date of the transaction		2020-09-07
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

Date of Notification:

07 September 2020

Enquiries:

Secure Trust Bank PLC

Paul Lynam, Chief Executive Officer

Mark Stevens, Company Secretary

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

 

 

DSHBUGDCRBGDGGR