Director/PDMR Shareholding

RNS Number : 4383J

Secure Trust Bank PLC

26 April 2022

 

PRESS RELEASE

Secure Trust Bank PLC

LEI: 213800CXIBLC2TMIGI76

26 April 2022

For immediate release

SECURE TRUST BANK PLC

Exercise of Options, Issue of Equity

Secure Trust Bank PLC (the "Company") announces that on 26 April 2022 the following individuals, each PDMRs of the Company, as per the below, exercised their respective options over shares under the 2017 Long Term Incentive Scheme ("LTIP") at an exercise price of 40 pence over a total of 6,498 ordinary shares of 40 pence each ("Ordinary Shares"):

Date	Participants.	Number of shares	Option Price
26 April 2022	Jon Bowers	2,595	40p per share
26 April 2022	David Nield	3,903	40p per share

Mr Bowers has sold all of the shares arising from the exercise of his LTIP option.

The Company also announces that the following individuals, each PDMRs of the Company, as per the below, exercised their respective options over shares under the 2017 Deferred Bonus Scheme ("DBP") at an exercise price of 40 pence over a total of 3,903 ordinary shares of 40 pence each ("Ordinary Shares"):

Date	Participants.	Number of shares	Option Price
25 April 2022	Chris Harper	3,490	40p per share
25 April 2022	David Nield	413	40p per share

Mr Nield has elected to sell sufficient shares to cover his tax, national insurance liability and associated costs arising from the exercise of the LTIP and DBP options. As a consequence, Mr Nield has retained 2,330 shares in total.

Mr Harper has elected to sell sufficient shares to cover his tax, national insurance liability and associated costs and as a consequence, Mr Harper has retained 1,955 shares.

A further 20 individuals, not PDMRs of the Company, have also elected to exercise options over shares, resulting in a total of 21,687 new shares in the Company being issued and allotted, including the above. The new Ordinary Shares were allotted from the Company's Block Listing authority. The shares will rank pari passu with the existing issued shares of the Company

Following Admission, the Company has a total of 18,674,776 Ordinary Shares in issue each carrying one voting right. The Company does not hold any Ordinary Shares in Treasury. This figure of 18,674,776 Ordinary Shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

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		Mr Jon Bowers
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		Exercise and sale of an option
c)	Price(s) and volume(s)		Price(s) Volume(s) £0.40 per share 2,595 (exercise) £11.40 per share 2,595 (sale)
d)	Aggregated Information -  Aggregated volume -  Price		5190 £5.90 per share
e)	Date of the transaction		2022-04-26
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		Mr David Nield
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		Exercise of an option and partial sale of shares to meet tax and other associated costs
c)	Price(s) and volume(s)		Price(s) Volume(s) £0.40 per share 3,903 (exercise) £0.40 per share 413 (exercise) £10.88 per share 1,986 (sale)
d)	Aggregated Information -  Aggregated volume -  Price		6302 £3.703 per share
e)	Date of the transaction		2022-04-26
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		Mr Christopher Harper
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		Exercise of an option and partial sale of shares to meet tax and other associated costs
c)	Price(s) and volume(s)		Price(s) Volume(s) £0.40 per share 3,490 (exercise) £11.40 per share 1,535 (sale)
d)	Aggregated Information -  Aggregated volume -  Price		5,025 £3.76 per share
e)	Date of the transaction		2022-04-26
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

Mark Stevens, Company Secretary

Tel: [phone]

About the Company:

Secure Trust Bank is an established, well‐funded and capitalised UK retail bank with a 69 year trading track record. Secure Trust Bank operates principally from its head office in Solihull, West Midlands, and had an average of 973 employees (full‐ time equivalent) during 2021. The Group's diversified lending portfolio currently focuses on two sectors:

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

(ii)  Consumer Finance through its Vehicle Finance and Retail Finance divisions.

As at 31 December 2021 the Group's loans and advances to customers totalled £2,531.9 million, customer deposits totalled £2,103.2 million and the Group's total customer base was over 1.5 million customers. As these figures are as at 31 December 2021, they include 212 employees, £79.6 million in loans and advances to customers, and approximately £0.6 million customers which relate to Debt Managers (Services) Ltd (DMS). As announced, DMS agreed to sell its loan portfolio and expects, in the second half of 2022, to migrate its customers and transfer its employees to the purchaser of the portfolio. 

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.

 

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