Secure Trust Bank PLC Director/PDMR Shareholding (1131D)
October 26 2020 - 3:00AM
UK Regulatory
TIDMSTB
RNS Number : 1131D
Secure Trust Bank PLC
26 October 2020
PRESS RELEASE
Secure Trust Bank PLC
LEI: 213800CXIBLC2TMIGI76
26 OCTOBER 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 23 October
2020 Paul Lynam, Chief Executive Officer, a Director and a PDMR of
the Company, exercised 9,886 Deferred Bonus Plan ("DBP") share
options at an exercise price of 40 pence over a total of 9,886
ordinary shares of 40 pence each ("Ordinary Shares").
Mr Lynam has retained all of the shares arising from the
exercise, electing to settle the tax and national insurance
liabilities rather than sell shares to cover this cost. Mr Lynam's
shareholding in the Group has subsequently increased from 60,496
shares to 70,382 shares as a result of this transaction, which is
consistent with his commitment to build up his shareholding in the
Company over time.
The new Ordinary Share 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 will have a total of 18,632,550
Ordinary Shares in issue (the "Enlarged Share Capital") each
carrying one voting right. The Company does not hold any Ordinary
Shares in Treasury. This figure of 18,632,550 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 Paul Lynam
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2 Reason for the notification
---------------------------------------------------------------------------
a) Position/status Director (PDMR)
--------------------------------------- ----------------------------------
b) Initial notification/Amendment Initial notification
--------------------------------------- ----------------------------------
3 Details of the issuer
---------------------------------------------------------------------------
a) Name Secure Trust Bank PLC
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b) LEI 213800CXIBLC2TMIGI76
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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 Exercise of an option
--------------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.40 per
share 9,886
----------
--------------------------------------- ----------------------------------
d) Aggregated Information 9,886
* Aggregated volume GBP0.40
* Price
--------------------------------------- ----------------------------------
e) Date of the transaction 2020-10-23
--------------------------------------- ----------------------------------
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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