TIDMSTB
RNS Number : 4383J
Secure Trust Bank PLC
26 April 2022
PRESS RELEASE
Secure Trust Bank PLC
LEI: 213800CXIBLC2TMIGI76
26 April 2022
For immediate release
SECURE TRUST BANK PLC
Exercise of Options, Issue of Equity
Secure Trust Bank PLC (the "Company") announces that on 26 April
2022 the following individuals, each PDMRs of the Company, as per
the below, exercised their respective options over shares under the
2017 Long Term Incentive Scheme ("LTIP") at an exercise price of 40
pence over a total of 6,498 ordinary shares of 40 pence each
("Ordinary Shares"):
Date Participants. Number of shares Option Price
26 April 2022 Jon Bowers 2,595 40p per share
-------------- ----------------- --------------
26 April 2022 David Nield 3,903 40p per share
-------------- ----------------- --------------
Mr Bowers has sold all of the shares arising from the exercise
of his LTIP option.
The Company also announces that the following individuals, each
PDMRs of the Company, as per the below, exercised their respective
options over shares under the 2017 Deferred Bonus Scheme ("DBP") at
an exercise price of 40 pence over a total of 3,903 ordinary shares
of 40 pence each ("Ordinary Shares"):
Date Participants. Number of shares Option Price
25 April 2022 Chris Harper 3,490 40p per share
-------------- ----------------- --------------
25 April 2022 David Nield 413 40p per share
-------------- ----------------- --------------
Mr Nield has elected to sell sufficient shares to cover his tax,
national insurance liability and associated costs arising from the
exercise of the LTIP and DBP options. As a consequence, Mr Nield
has retained 2,330 shares in total.
Mr Harper has elected to sell sufficient shares to cover his
tax, national insurance liability and associated costs and as a
consequence, Mr Harper has retained 1,955 shares.
A further 20 individuals, not PDMRs of the Company, have also
elected to exercise options over shares, resulting in a total of
21,687 new shares in the Company being issued and allotted,
including the above. The new Ordinary Shares 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 has a total of 18,674,776
Ordinary Shares in issue each carrying one voting right. The
Company does not hold any Ordinary Shares in Treasury. This figure
of 18,674,776 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 Mr Jon Bowers
--------------------------------------- ------------------------------------
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 Exercise and sale of an option
--------------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.40 per 2,595 (exercise)
share
-----------------
GBP11.40 per 2,595 (sale)
share
-----------------
--------------------------------------- ------------------------------------
d) Aggregated Information 5190
* Aggregated volume GBP5.90 per share
* Price
--------------------------------------- ------------------------------------
e) Date of the transaction 2022-04-26
--------------------------------------- ------------------------------------
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 Mr David Nield
-------------------------------------- ------------------------------------
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 Exercise of an option and partial
sale of shares to meet tax
and other associated costs
-------------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.40 per 3,903 (exercise)
share
-----------------
GBP0.40 per 413 (exercise)
share
-----------------
GBP10.88 per 1,986 (sale)
share
-----------------
-------------------------------------- ------------------------------------
d) Aggregated Information 6302
* Aggregated volume GBP3.703 per share
* Price
-------------------------------------- ------------------------------------
e) Date of the transaction 2022-04-26
-------------------------------------- ------------------------------------
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 Mr Christopher Harper
--------------------------------------- ------------------------------------
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 Exercise of an option and partial
sale of shares to meet tax
and other associated costs
--------------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.40 per 3,490 (exercise)
share
-----------------
GBP11.40 per 1,535 (sale)
share
-----------------
--------------------------------------- ------------------------------------
d) Aggregated Information 5,025
* Aggregated volume GBP3.76 per share
* Price
--------------------------------------- ------------------------------------
e) Date of the transaction 2022-04-26
--------------------------------------- ------------------------------------
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
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 69 year trading track record.
Secure Trust Bank operates principally from its head office in
Solihull, West Midlands, and had an average of 973 employees
(full-- time equivalent) during 2021. The Group's diversified
lending portfolio currently focuses on two sectors:
(i) Business Finance through its Real Estate Finance and Commercial Finance divisions,
(ii) Consumer Finance through its Vehicle Finance and Retail Finance divisions.
As at 31 December 2021 the Group's loans and advances to
customers totalled GBP2,531.9 million, customer deposits totalled
GBP2,103.2 million and the Group's total customer base was over 1.5
million customers. As these figures are as at 31 December 2021,
they include 212 employees, GBP79.6 million in loans and advances
to customers, and approximately GBP0.6 million customers which
relate to Debt Managers (Services) Ltd (DMS). As announced, DMS
agreed to sell its loan portfolio and expects, in the second half
of 2022, to migrate its customers and transfer its employees to the
purchaser of the portfolio.
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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