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 
      ----------------------------------  ----------------------------------- 
 b)    Initial notification/Amendment      Initial notification 
      ----------------------------------  ----------------------------------- 
       Details of the issuer 
  3 
      ----------------------------------------------------------------------- 
 a)    Name                                Secure Trust Bank PLC 
      ----------------------------------  ----------------------------------- 
 b)    LEI                                 213800CXIBLC2TMIGI76 
      ----------------------------------  ----------------------------------- 
       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 
      ----------------------------------  ----------------------------------- 
 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 
      ----------------------------------  ----------------------------------- 
 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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November 17, 2023 02:00 ET (07:00 GMT)

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