REG - Secure Trust BankPLC - Director/PDMR Shareholding

Canaccord GenuityAnnouncement

30/11/2020 08:13

RNS Number : 8335G
  
Secure Trust Bank PLC
  
30 November 2020
  
 

PRESS RELEASE
Secure Trust Bank PLC
LEI: 213800CXIBLC2TMIGI76
30 November 2020
For immediate release
 
SECURE TRUST BANK PLC ("Secure Trust" or the "Company")
 
Exercise of Options, Issue of Equity
 
Secure Trust Bank (the "Company") announces that on 27 November 2020 the following individuals, each PDMRs of the Company, received a cash settlement in lieu of their share options granted in 2017 under the 2017 Long Term Incentive Scheme ("LTIP") at an exercise price of 40 pence ("Ordinary Shares"):
 



Participants. 


Number of shares


Option Price




Kevin Hayes


658


40p per share 




Paul Kilbride


98


40p per share 




Nick Shepherd


131


40p per share 



 
The cash settlement of the LTIP, calculated at the closing share price of 911p on 26 November 2020 was used to determine the quantum of their award in exchange for the lapse of their share options detailed above.
 
There have been no changes to the total of 18,633,662 Ordinary Shares in issue, each carrying one voting right, (the  "Share Capital") as a consequence of the above.
 
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


Kevin Hayes




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
Identification code


Ordinary shares of 40p each in Secure Trust Bank PLC
ISIN number GB00B6TKHP66
SEDOL number B6TKHP6




b)


Nature of the transaction


Cash settle and lapse of an option




c)


Price(s) and volume(s)





Price(s)


Volume(s)




N/a


658




 


 








d)


Aggregated Information
-      Aggregated volume
-      Price


 
N/A




e)


Date of the transaction


2020-11-27




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


Paul Kilbride




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
Identification code


Ordinary shares of 40p each in Secure Trust Bank PLC
ISIN number GB00B6TKHP66
SEDOL number B6TKHP6




b)


Nature of the transaction


Cash settle and lapse of an option




c)


Price(s) and volume(s)





Price(s)


Volume(s)




N/a


98




 


 








d)


Aggregated Information
-      Aggregated volume
-      Price


 
N/A




e)


Date of the transaction


2020-11-27




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


Nick Shepherd




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
Identification code


Ordinary shares of 40p each in Secure Trust Bank PLC
ISIN number GB00B6TKHP66
SEDOL number B6TKHP6




b)


Nature of the transaction


Cash settle and lapse of an option




c)


Price(s) and volume(s)





Price(s)


Volume(s)




N/a


131




 


 








d)


Aggregated Information
-      Aggregated volume
-      Price


 
N/A




e)


Date of the transaction


2020-11-27




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
Paul Lynam, Chief Executive Officer
Mark Stevens, Company Secretary
Tel: 0121 693 9100
 
Stifel Nicolaus Europe Limited (Joint Broker)
Stewart Wallace
Tel: 020 7710 7600  
 
Canaccord Genuity Limited (Joint Broker)
David Tyrrell
Tel: 020 7523 8000
 
Tulchan Communications
Tom Murray/Sheebani Chothani
Tel: 020 7353 4200
 
 
 
About the Company:
Secure Trust Bank is an established, well‐funded and capitalised UK retail bank with a 68 year trading track record. Secure Trust Bank operates principally from its head office in Solihull, West Midlands, and had 972 employees (full‐ time equivalent) as at 30 June 2020. The Group's diversified lending portfolio currently focuses on two sectors:
(i)            Business Finance through its Real Estate Finance, Asset Finance and Commercial Finance divisions,
(ii)           Consumer Finance through its Motor Finance, Retail Finance, Debt Collection and Consumer Mortgages divisions
 
As at 30 June 2020 the Group's loans and advances to customers totalled £2,377.5 million, customer deposits totalled £1,999.2 million and the Group's total customer base was well over 1.6 million.
 
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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