Secure Trust Bank PLC Director/PDMR Shareholding
18 Aprile 2024 - 5:05PM
RNS Regulatory News
RNS Number : 2211L
Secure Trust Bank PLC
18 April 2024
Secure Trust
Bank PLC
Secure Trust Bank PLC (the
"Company")
Grant of awards under
the Company's 2017 Long Term Incentive Plan
("LTIP")
On 16 April 2024 the Company granted
options over ordinary shares ("Ordinary Shares") under the LTIP to the
following PDMRs:
|
PDMR
|
Number of Ordinary Shares
over which options granted
|
Exercise
price
|
|
David McCreadie
|
101,322
|
£0.40 per
Ordinary Share
|
|
Rachel Lawrence
|
70,613
|
£0.40 per
Ordinary Share
|
|
John Bevan
|
26,234
|
£0.40 per
Ordinary Share
|
|
Andrew Phillips
|
18,402
|
£0.40 per
Ordinary Share
|
|
Geoff Ray
|
21,158
|
£0.40 per
Ordinary Share
|
|
Julian Hartley
|
22,921
|
£0.40 per
Ordinary Share
|
|
Katie Docherty
|
22,088
|
£0.40 per
Ordinary Share
|
Each option has been granted subject
to performance conditions based on sliding scale measures of: (1)
the Company's total shareholder return over the performance period
relative to the total shareholder return performance of
the current constituent companies of the FTSE
Small Cap Index (excluding investment trusts) over the same
period; (2) return on average equity
(target range of 14% - 16% in 2026); (3) earnings per share ('EPS')
growth (target range of 3-year compound annual growth rate in
continuing EPS in the range of 20% - 30%, measured from 2023 EPS
for continuing businesses); and (4) an assessment of the Company's
approach to risk management over the performance period.
The performance conditions also
include an underpin measure which includes an assessment of general
financial performance, shareholder experience, risk management
performance and progress against the
Group's strategy.
The performance period in each case
is a period of three years starting on 1 January 2024 and ending
with 31 December 2026.
Each of the four performance
conditions noted above accounts for 25% of the option.
Each option will, ordinarily, vest
on the date on which the Company's Remuneration Committee of the
Board of Directors, determines the extent to which the performance
conditions have been satisfied. Each option will be released
so that the participant is entitled to exercise the vested Ordinary
Shares on the vesting date except in the case of Rachel Lawrence
and David McCreadie when the date of release will be at the end of
a holding period which shall end on the second anniversary of the
vesting date.
The Company further granted
options over Ordinary Shares without performance conditions but
subject only to the participant's continued service through to the
applicable vesting date, but with discretion retained for the
Remuneration Committee to potentially reduce the award on
settlement if it considers appropriate to do so under the LTIP plan
to the following PDMRs:
|
PDMR
|
Number of Ordinary Shares
over which award granted
|
Exercise
price
|
|
Chris Harper
|
12,129
|
£0.40 per
Ordinary Share
|
The number of shares under each
option was set by reference to a value per Ordinary Share of 701p,
which was the 3 day average mid-market price determined between 11
April 2024 to 15 April 2024.
In accordance with the terms of the
options, the exercise price payable may be waived before
exercise.
|
1.
|
Details of PDMR / person closely associated with them
("PCA")
|
|
a)
|
Name
|
David McCreadie
|
|
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
|
|
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
instrument, type of
instrument
|
Ordinary shares of 40p each in
Secure Trust Bank PLC.
|
|
b)
|
Identification code
|
GB00B6TKHP66
|
|
c)
|
Nature of the transaction
|
Grant of nominal-cost option over
ordinary shares under the Secure Trust Bank 2017 Long Term
Incentive Plan
|
|
d)
|
Price(s) and
volume(s)
|
|
Price(s)
|
Volume(s)
|
|
nil
|
101,322
|
|
|
e)
|
Aggregated information
-
Volume
-
Price
|
N/A
|
|
f)
|
Date of the transaction
|
16 April 2024
|
|
g)
|
Place of the transaction
|
Outside a trading venue
|
|
1.
|
Details of PDMR / person closely associated with them
("PCA")
|
|
a)
|
Name
|
Rachel Lawrence
|
|
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
|
|
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
instrument, type of
instrument
|
Ordinary shares of 40p each in
Secure Trust Bank PLC.
|
|
b)
|
Identification code
|
GB00B6TKHP66
|
|
c)
|
Nature of the transaction
|
Grant of nominal-cost option over
ordinary shares under the Secure Trust Bank 2017 Long Term
Incentive Plan
|
|
d)
|
Price(s) and
volume(s)
|
|
Price(s)
|
Volume(s)
|
|
nil
|
70,613
|
|
|
e)
|
Aggregated information
-
Volume
-
Price
|
N/A
|
|
f)
|
Date of the transaction
|
16 April 2024
|
|
g)
|
Place of the transaction
|
Outside a trading venue
|
|
1.
|
Details of PDMR / person closely associated with them
("PCA")
|
|
a)
|
Name
|
John Bevan
|
|
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
instrument, type of
instrument
|
Ordinary shares of 40p each in
Secure Trust Bank PLC.
|
|
b)
|
Identification code
|
GB00B6TKHP66
|
|
c)
|
Nature of the transaction
|
Grant of nominal-cost option over
ordinary shares under the Secure Trust Bank 2017 Long Term
Incentive Plan
|
|
d)
|
Price(s) and
volume(s)
|
|
Price(s)
|
Volume(s)
|
|
nil
|
26,234
|
|
|
e)
|
Aggregated information
-
Volume
-
Price
|
N/A
|
|
f)
|
Date of the transaction
|
16 April 2024
|
|
g)
|
Place of the transaction
|
Outside a trading venue
|
|
1.
|
Details of PDMR / person closely associated with them
("PCA")
|
|
a)
|
Name
|
Andrew Phillips
|
|
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
instrument, type of
instrument
|
Ordinary shares of 40p each in
Secure Trust Bank PLC.
|
|
b)
|
Identification code
|
GB00B6TKHP66
|
|
c)
|
Nature of the transaction
|
Grant of nominal-cost option over
ordinary shares under the Secure Trust Bank 2017 Long Term
Incentive Plan
|
|
d)
|
Price(s) and
volume(s)
|
|
Price(s)
|
Volume(s)
|
|
nil
|
18,402
|
|
|
e)
|
Aggregated information
-
Volume
-
Price
|
N/A
|
|
f)
|
Date of the transaction
|
16 April 2024
|
|
g)
|
Place of the transaction
|
Outside a trading venue
|
|
1.
|
Details of PDMR / person closely associated with them
("PCA")
|
|
a)
|
Name
|
Geoff Ray
|
|
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
instrument, type of
instrument
|
Ordinary shares of 40p each in
Secure Trust Bank PLC.
|
|
b)
|
Identification code
|
GB00B6TKHP66
|
|
c)
|
Nature of the transaction
|
Grant of nominal-cost option over
ordinary shares under the Secure Trust Bank 2017 Long Term
Incentive Plan
|
|
d)
|
Price(s) and
volume(s)
|
|
Price(s)
|
Volume(s)
|
|
nil
|
21,158
|
|
|
e)
|
Aggregated information
-
Volume
-
Price
|
N/A
|
|
f)
|
Date of the transaction
|
16 April 2024
|
|
g)
|
Place of the transaction
|
Outside a trading venue
|
|
1.
|
Details of PDMR / person closely associated with them
("PCA")
|
|
a)
|
Name
|
Julian Hartley
|
|
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
instrument, type of
instrument
|
Ordinary shares of 40p each in
Secure Trust Bank PLC.
|
|
b)
|
Identification code
|
GB00B6TKHP66
|
|
c)
|
Nature of the transaction
|
Grant of nominal-cost option over
ordinary shares under the Secure Trust Bank 2017 Long Term
Incentive Plan
|
|
d)
|
Price(s) and
volume(s)
|
|
Price(s)
|
Volume(s)
|
|
nil
|
22,921
|
|
|
e)
|
Aggregated information
-
Volume
-
Price
|
N/A
|
|
f)
|
Date of the transaction
|
16 April 2024
|
|
g)
|
Place of the transaction
|
Outside a trading venue
|
|
1.
|
Details of PDMR / person closely associated with them
("PCA")
|
|
a)
|
Name
|
Katie Docherty
|
|
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
instrument, type of
instrument
|
Ordinary shares of 40p each in
Secure Trust Bank PLC.
|
|
b)
|
Identification code
|
GB00B6TKHP66
|
|
c)
|
Nature of the transaction
|
Grant of nominal-cost restricted
stock option over ordinary shares under the Secure Trust Bank 2017
Long Term Incentive Plan
|
|
d)
|
Price(s) and
volume(s)
|
|
Price(s)
|
Volume(s)
|
|
nil
|
22,088
|
|
|
e)
|
Aggregated information
-
Volume
-
Price
|
N/A
|
|
f)
|
Date of the transaction
|
16 April 2024
|
|
g)
|
Place of the transaction
|
Outside a trading venue
|
|
1.
|
Details of PDMR / person closely associated with them
("PCA")
|
|
a)
|
Name
|
Chris 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
instrument, type of
instrument
|
Ordinary shares of 40p each in
Secure Trust Bank PLC.
|
|
b)
|
Identification code
|
GB00B6TKHP66
|
|
c)
|
Nature of the transaction
|
Grant of nominal-cost restricted
stock option over ordinary shares under the Secure Trust Bank 2017
Long Term Incentive Plan
|
|
d)
|
Price(s) and
volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
12,129
|
|
|
e)
|
Aggregated information
-
Volume
-
Price
|
N/A
|
|
f)
|
Date of the transaction
|
16 April 2024
|
|
g)
|
Place of the transaction
|
Outside a trading venue
|
Lisa
Daniels
Company
Secretary
Secure Trust
Bank PLC
+44 121 693
9100
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END
DSHBUGDSXGBDGSI
Grafico Azioni Secure Trust Bank (LSE:STB)
Storico
Da Ott 2024 a Nov 2024
Grafico Azioni Secure Trust Bank (LSE:STB)
Storico
Da Nov 2023 a Nov 2024
