Secure Trust Bank PLC Director/PDMR Shareholding (7466T)
November 17 2023 - 2:00AM
UK Regulatory
TIDMSTB
RNS Number : 7466T
Secure Trust Bank PLC
17 November 2023
Secure Trust Bank PLC
LEI: 213800CXIBLC2TMIGI76
SECURE TRUST BANK PLC
Exercise of Options
Secure Trust Bank PLC (the "Company") announces that on 16
November 2023 the following individual, a PDMR of the Company,
exercised his option over shares under the 2017 Long term Incentive
Plan ("LTIP") over a total of 1,675 ordinary shares of 40 pence
each ("Ordinary Shares"):
Date Participants. Number of shares Option Price
16 November John Bevan 1,675 GBP0.40 per share
2023
-------------- ----------------- ------------------
John Bevan sold all the shares arising from the exercise of his
LTIP option. A further 8 individuals, not PDMRs of the Company,
have also exercised their respective options over shares under the
LTIP. All exercises were satisfied using market purchase shares
held in the Group's Employee Benefit Trust.
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name John Bevan
---------------------------------- -----------------------------------
Reason for the notification
2
-----------------------------------------------------------------------
a) Position/status PDMR
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b) Initial notification/Amendment Initial notification
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Details of the issuer
3
-----------------------------------------------------------------------
a) Name Secure Trust Bank PLC
---------------------------------- -----------------------------------
b) LEI 213800CXIBLC2TMIGI76
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Details of the transaction(s): section to be repeated for
4 (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 Exercise and sale of an option
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c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.40 per 1,675 (exercise)
share
-----------------
GBP6.43 per 1,675 (sale)
share
-----------------
---------------------------------- -----------------------------------
d) Aggregated Information
* Aggregated volume 3350
GBP3.415 per share
* Price
---------------------------------- -----------------------------------
e) Date of the transaction 2023-11-16
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f) Place of the transaction London Stock Exchange
---------------------------------- -----------------------------------
Securities
5
-----------------------------------------------------------------------
(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: 0121 693 9100
About the Company:
Secure Trust Bank is an established, well--funded and
capitalised UK retail bank with a 71--year trading track record.
Secure Trust Bank operates principally from its head office in
Solihull, West Midlands, and had 858 employees (full--time
equivalent) as at 30 September 2023. The Group's diversified
lending portfolio currently focuses on two sectors:
(i) Business finance through its Real Estate Finance and
Commercial Finance divisions, and
(ii) Consumer finance through its Vehicle Finance and Retail Finance divisions.
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, Yorke House, One Arleston Way, Solihull,
B90 4LH.
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END
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