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RNS Number : 4654M Secure Trust Bank PLC 29 April 2024
Secure Trust Bank PLC
SECURE TRUST BANK PLC
Exercise of Options, Issue of Equity
Secure Trust Bank PLC (the "Company") announces that on 25 April 2024 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 34,942 ordinary
shares of 40 pence each ("Ordinary Shares"):
Date Participants. Number of shares Option Price
25 April 2024 David McCreadie 18,613 40p per share
25 April 2024 Rachel Lawrence 11,682 40p per share
25 April 2024 Chris Harper 4,647 40p per share
Each individual has elected to sell sufficient shares to cover their tax,
national insurance liability and associated costs arising from the exercise of
the options.
The Company announces that 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 11,355 ordinary shares of 40 pence each ("Ordinary
Shares"):
Date Participants. Number of shares Option Price
25 April 2024 John Bevan 3043 40p per share
25 April 2024 Chris Harper 6,638 40p per share
25 April 2024 Andrew Phillips 1,674 40p per share
Each individual has sold all of the shares arising from the exercise of his
LTIP option.
Exercises under the DBP and LTIP schemes were satisfied through the transfer
of shares from the Employee Benefit Trust.
The Company further announces that the following individual, a Director and
PDMR of the Company, as per the below, exercised their respective options over
shares under the 2017 Save as your Earn plan ("SAYE") at an exercise price of
531.2pence over a total of 3,388 ordinary shares of 40 pence each ("Ordinary
Shares"):
Date Participants. Number of shares Option Price
25 April 2024 Rachel Lawrence 3,388 531.2p per share
Exercises under the SAYE plan were satisfied by new issue. The new Ordinary
Shares were allotted from the Company's Block Listing authority to satisfy
exercise requests under the SAYE. The shares will rank pari passu with the
existing issued shares of the Company.
Also on 25 April 2024, 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 51,930 shares at a price of £6.95 per share (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.
The Company further announces that Chris Harper, a PDMR of the Company,
transferred 920 ordinary shares of 40p each in the Company to his spouse on 26
April 2024 for nil consideration.
The relevant notifications set out below are provided in accordance with the
requirements of Article 19 of the UK Market Abuse Regulation.
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 Exercise of an option
d) Price(s) and Price(s) Volume(s)
£0.40 per share 18,613
volume(s)
e) Aggregated information N/A
- Volume
- Price
f) Date of the transaction 25 April 2024
g) Place of the transaction Outside of a trading venue
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 Sale of shares
d) Price(s) and Price(s) Volume(s)
£6.95 per share 9,841
volume(s)
e) Aggregated information N/A
- Volume
- Price
f) Date of the transaction 25 April 2024
g) Place of the transaction London Stock Exchange
e)
Aggregated information
- Volume
- Price
N/A
f)
Date of the transaction
25 April 2024
g)
Place of the transaction
Outside of a trading venue
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
Sale of shares
d)
Price(s) and
volume(s)
Price(s) Volume(s)
£6.95 per share 9,841
e)
Aggregated information
- Volume
- Price
N/A
f)
Date of the transaction
25 April 2024
g)
Place of the transaction
London Stock Exchange
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 Exercise of an option
d) Price(s) and Price(s) Volume(s)
£0.40 per share 11,682
volume(s)
e) Aggregated information N/A
- Volume
- Price
f) Date of the transaction 25 April 2024
g) Place of the transaction Outside of a trading venue
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 Sale of shares
d) Price(s) and Price(s) Volume(s)
£6.95 per share 5,848
volume(s)
e) Aggregated information N/A
- Volume
- Price
f) Date of the transaction 25 April 2024
g) Place of the transaction London Stock Exchange
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 Exercise of an option
d) Price(s) and Price(s) Volume(s)
£5.312 per share 3,388
volume(s)
e) Aggregated information N/A
- Volume
- Price
f) Date of the transaction 25 April 2024
g) Place of the transaction Outside of a trading venue
e)
Aggregated information
- Volume
- Price
N/A
f)
Date of the transaction
25 April 2024
g)
Place of the transaction
Outside of a trading venue
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
Sale of shares
d)
Price(s) and
volume(s)
Price(s) Volume(s)
£6.95 per share 5,848
e)
Aggregated information
- Volume
- Price
N/A
f)
Date of the transaction
25 April 2024
g)
Place of the transaction
London Stock Exchange
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
Exercise of an option
d)
Price(s) and
volume(s)
Price(s) Volume(s)
£5.312 per share 3,388
e)
Aggregated information
- Volume
- Price
N/A
f)
Date of the transaction
25 April 2024
g)
Place of the transaction
Outside of 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 Exercise of options
d) Price(s) and Price(s) Volume(s)
£0.40 per share 4,647
volume(s) £0.40 per share 6,638
e) Aggregated information
- Volume 11,285
- Price £0.40
f) Date of the transaction 25 April 2024
g) Place of the transaction Outside of a trading venue
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 Sale of shares
d) Price(s) and Price(s) Volume(s)
£6.95 per share 8,965
volume(s)
e) Aggregated information N/A
- Volume
- Price
f) Date of the transaction 25 April 2024
g) Place of the transaction London Stock Exchange
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 Transfer of shares to spouse for nil consideration
d) Price(s) and Price(s) Volume(s)
Nil 920
volume(s)
e) Aggregated information N/A
- Volume
- Price
f) Date of the transaction 26 April 2024
g) Place of the transaction Outside of a trading venue
e)
Aggregated information
- Volume
- Price
11,285
£0.40
f)
Date of the transaction
25 April 2024
g)
Place of the transaction
Outside of a trading venue
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
Sale of shares
d)
Price(s) and
volume(s)
Price(s) Volume(s)
£6.95 per share 8,965
e)
Aggregated information
- Volume
- Price
N/A
f)
Date of the transaction
25 April 2024
g)
Place of the transaction
London Stock Exchange
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
Transfer of shares to spouse for nil consideration
d)
Price(s) and
volume(s)
Price(s) Volume(s)
Nil 920
e)
Aggregated information
- Volume
- Price
N/A
f)
Date of the transaction
26 April 2024
g)
Place of the transaction
Outside of 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 Exercise of an option
d) Price(s) and Price(s) Volume(s)
£0.40 per share 3,043
volume(s)
e) Aggregated information N/A
- Volume
- Price
f) Date of the transaction 25 April 2024
g) Place of the transaction Outside of a trading venue
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 Sale of shares
d) Price(s) and Price(s) Volume(s)
£6.95 per share 3,043
volume(s)
e) Aggregated information N/A
- Volume
- Price
f) Date of the transaction 25 April 2024
g) Place of the transaction London Stock Exchange
e)
Aggregated information
- Volume
- Price
N/A
f)
Date of the transaction
25 April 2024
g)
Place of the transaction
Outside of a trading venue
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
Sale of shares
d)
Price(s) and
volume(s)
Price(s) Volume(s)
£6.95 per share 3,043
e)
Aggregated information
- Volume
- Price
N/A
f)
Date of the transaction
25 April 2024
g)
Place of the transaction
London Stock Exchange
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 Exercise of an option
d) Price(s) and Price(s) Volume(s)
£0.40 per share 1,674
volume(s)
e) Aggregated information N/A
- Volume
- Price
f) Date of the transaction 25 April 2024
g) Place of the transaction Outside of a trading venue
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 Sale of shares
d) Price(s) and Price(s) Volume(s)
£6.95 per share 1,674
volume(s)
e) Aggregated information N/A
- Volume
- Price
f) Date of the transaction 25 April 2024
g) Place of the transaction London Stock Exchange
e)
Aggregated information
- Volume
- Price
N/A
f)
Date of the transaction
25 April 2024
g)
Place of the transaction
Outside of a trading venue
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
Sale of shares
d)
Price(s) and
volume(s)
Price(s) Volume(s)
£6.95 per share 1,674
e)
Aggregated information
- Volume
- Price
N/A
f)
Date of the transaction
25 April 2024
g)
Place of the transaction
London Stock Exchange
Enquiries:
Lisa Daniels
Company Secretary
Secure Trust Bank PLC
+44 121 693 9100
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