Director/PDMR Shareholding

RNS Number : 0680B

Secure Trust Bank PLC

28 January 2020

 

PRESS RELEASE

Secure Trust Bank PLC

LEI: 213800CXIBLC2TMIGI76

28 January 2020

For immediate release

SECURE TRUST BANK PLC

("Secure Trust" or the "Company")

Notification of Dealing (PDMRs and PCAs)

Secure Trust Bank PLC, announces it was notified on 27 January 2020 that Mr Neeraj Kapur, a PDMR of the Company, sold 1,000 ordinary shares of 40 pence each ("Ordinary Shares") at a price of 1,556 pence on 24 January 2020.  The Company was also notified on 27 January 2020 by Mr Kapur that a person closely associated to him has sold 1,300 Ordinary Shares at a price of 1,564.5 pence on 24 January 2020. 

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	Neeraj Kapur
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	Sale
c)	Price(s) and volume(s)	Price(s) Volume(s) £15.56 per share 1,000
d)	Aggregated Information -      Aggregated volume -      Price	1,000 £15.56 per share
e)	Date of the transaction	2020-01-24
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		Rachel Kapur (PCA)
2	Reason for the notification
a)	Position/status		PCA
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		Sale
c)	Price(s) and volume(s)		Price(s) Volume(s) £15.645 per share 1,300
d)	Aggregated Information -      Aggregated volume -      Price		1,300 £15.645 per share
e)	Date of the transaction		2020-01-24
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

Neeraj Kapur, Chief Financial 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 67 year trading track record. Secure Trust Bank operates principally from its head office in Solihull, West Midlands, and had 956 employees (full‐ time equivalent) as at 30 June 2019. 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 Management and Consumer Mortgages divisions

 As at 30 June 2019 the Group's loans and advances to customers totalled £2,278.3 million, customer deposits totalled £2,001.5 million and the Group's total customer base was well over 1.4 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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