RNS Number : 2292S

Secure Trust Bank PLC

02 November 2023

Secure Trust Bank PLC



('Secure Trust Bank' or the 'Company')

Issue of Shares and p urchase of shares by Employee Benefit Trust

On 1 November 2023, the Company issued from its block listing authority 204,075 new Ordinary shares of 40p each to satisfy the exercise of options under the 2017 Sharesave Plan 2020 grant. These shares rank pari passu with the existing Ordinary shares in issue.

As a result of this issuance, the total number of Ordinary shares in issue is 18,920,621 and the total number of voting rights in the Company is 18,920,621. There are no shares held in treasury.

18,920,621 should be used by shareholders as the denominator for the calculation of notifiable interests in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Also on 1 November 2023, Ocorian Trustees (Jersey) Limited (the 'Trustee'), which administers the Company's Employee Benefit Trust (the 'Trust'), has made market purchases of ordinary shares in the Company for the benefit of the Trust of GBP860,263 or 142,428 shares (the 'Market Purchases').

The Market Purchases will be used to help meet future obligations arising under the Company's various share schemes and share plans, some of which will include share awards that Executive Directors and PDMRs are the recipients of. The Market Purchases were subject to the Trustee's absolute discretion as to the purchase price paid but within pre-agreed parameters set by the Company.

The Market Purchases have been funded by the Company by way of a loan.


Secure Trust Bank

David McCreadie, Chief Executive Officer

Mark Stevens, Company Secretary

Phil Clark, Investor Relations

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 873 employees (full--time equivalent) as at 30 June 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, Arleston Way, Solihull, B90 4LH.

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(END) Dow Jones Newswires

November 02, 2023 10:22 ET (14:22 GMT)

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