Secure Trust Bank PLC Chairman to retire AGM 2024 (6834U)

TIDMSTB

RNS Number : 6834U

Secure Trust Bank PLC

30 March 2023

PRESS RELEASE

Secure Trust Bank PLC

LEI: 213800CXIBLC2TMIGI76

30 March 2023

For immediate release

SECURE TRUST BANK PLC

Lord Forsyth to step down as Chairman at AGM in 2024

Secure Trust Bank PLC ("STB" or the "Company") announces that Lord Forsyth has informed the Board of his intention to retire as Chairman of the Company at the Annual General Meeting in 2024 by which time he will have spent 10 years on the Board. The Board has commenced a process for the appointment of a successor led by the Senior Independent Director and will provide an update in due course.

Lord Forsyth joined STB as an Independent Non-Executive Director in March 2014 and was appointed Chairman in October 2016.

Enquiries:

Secure Trust Bank PLC

David McCreadie, Chief Executive Officer

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 70--year trading track record. Secure Trust Bank operates principally from its head office in Solihull, West Midlands, and had 855 employees (full-- time equivalent) as at 31 December 2022. 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, One Arleston Way, Solihull, B90 4LH.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

BOAGZGZFNLRGFZM

(END) Dow Jones Newswires

March 30, 2023 02:01 ET (06:01 GMT)

Secure Trust Bank (LSE:STB)
Historical Stock Chart
From Mar 2024 to Apr 2024