Secure Trust Bank PLC Director/PDMR Shareholding (8335G)
November 30 2020 - 2:06AM
UK Regulatory
TIDMSTB
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 Ordinary shares of 40p each
instrument, type of instrument in Secure Trust Bank PLC
Identification code 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 N/A
* Aggregated volume
* Price
--------------------------------------- ----------------------------------
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 Ordinary shares of 40p each
instrument, type of instrument in Secure Trust Bank PLC
Identification code 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 N/A
* Aggregated volume
* Price
--------------------------------------- ----------------------------------
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 Ordinary shares of 40p each
instrument, type of instrument in Secure Trust Bank PLC
Identification code 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 N/A
* Aggregated volume
* Price
--------------------------------------- ----------------------------------
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: 0121 693 9100
Stifel Nicolaus Europe Limited (Joint Broker)
Stewart Wallace
Tel: 020 7710 7600
Canaccord Genuity Limited (Joint Broker)
David Tyrrell
Tel: 020 7523 8000
Tulchan Communications
Tom Murray/Sheebani Chothani
Tel: 020 7353 4200
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 GBP2,377.5 million, customer deposits totalled GBP1,999.2
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.
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END
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