REG - Secure Trust BankPLC - Director/PDMR Shareholding
24/03/2025 17:00
For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250324:nRSX9371Ba&default-theme=true
RNS Number : 9371B Secure Trust Bank PLC 24 March 2025
Secure Trust Bank PLC
Secure Trust Bank PLC (the "Company")
Grant of awards under the Company's 2017 Long Term Incentive Plan ("LTIP") and
the Company's 2017 Deferred Bonus Plan ("DBP")
On 20 March 2025 the Company granted nil-cost options over ordinary shares of
40p each ("Ordinary Shares") under the LTIP to the following PDMRs:
PDMR Number of Ordinary Shares over which options granted
David McCreadie 127,158
Rachel Lawrence 88,618
Andrew Phillips 43,453
Luke Jooste 31,286
Julian Hartley 28,766
Katie Docherty 27,721
Each option has been granted subject to performance conditions which will be
set by the Remuneration Committee in line with the disclosure provided in the
Directors Remuneration Report, within the Annual Report for the year ended 31
December 2024, which is available on the Company's website
(www.securetrustbank.com/investors (http://www.securetrustbank.com/investors)
). The performance conditions will 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 2025 and ending 31 December 2027.
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 nil-cost options over Ordinary Shares without
performance conditions but subject only to the participant's continued service
through to the applicable vesting date, 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
Chris Harper 15,222
The number of shares under each option was set by reference to a value per
Ordinary Share of 575p, which was the 3-day average mid-market price
determined between 17 March 2025 to 19 March 2025.
On 20 March 2025 the Company also granted the following awards over Ordinary
Shares under the DBP in respect of bonuses earned for the period ended 31
December 2024.
PDMR Number of Ordinary Shares subject to DBP award
David McCreadie 10,802
Rachel Lawrence 10,754
Geoff Ray 3,158
Each award has been granted in the form of a nil-cost Option and, subject to
the rules of the Plan, will normally vest on:
· on 20 March 2026 as regards one third of the shares subject to it;
· on 20 March 2027 as regards one third of the shares subject to it;
and
· on 20 March 2028 as regards one third of the shares subject to
it.
1. Details of PDMR / person closely associated with them ("PCA")
a) Name David McCreadie
2. Reason for the notification
a) Position / status Director
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 nil-cost options over Ordinary Shares under the LTIP and Grant of
nil-cost options over Ordinary Shares under the DBP.
d) Price(s) and Price(s) Volume(s)
nil 127,158
volume(s) nil 10,802
e) Aggregated information
- Volume 137,960
- Price nil
f) Date of the transaction 20 March 2025
g) Place of the transaction Outside a trading venue
e)
Aggregated information
- Volume
- Price
137,960
nil
f)
Date of the transaction
20 March 2025
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
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 nil-cost options over Ordinary Shares under the LTIP and Grant of
nil-cost options over Ordinary Shares under the DBP
d) Price(s) and Price(s) Volume(s)
nil 88,618
volume(s) nil 10,754
e) Aggregated information
- Volume 99,372
- Price nil
f) Date of the transaction 20 March 2025
g) Place of the transaction Outside a trading venue
e)
Aggregated information
- Volume
- Price
99,372
nil
f)
Date of the transaction
20 March 2025
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 nil-cost options over Ordinary Shares under the LTIP
d) Price(s) and Price(s) Volume(s)
nil 43,453
volume(s)
e) Aggregated information N/A
- Volume
- Price
f) Date of the transaction 20 March 2025
g) Place of the transaction Outside a trading venue
e)
Aggregated information
- Volume
- Price
N/A
f)
Date of the transaction
20 March 2025
g)
Place of the transaction
Outside a trading venue
1. Details of PDMR / person closely associated with them ("PCA")
a) Name Luke Jooste
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 nil-cost options over Ordinary Shares under the LTIP
d) Price(s) and Price(s) Volume(s)
nil 31,286
volume(s)
e) Aggregated information N/A
- Volume
- Price
f) Date of the transaction 20 March 2025
g) Place of the transaction Outside a trading venue
e)
Aggregated information
- Volume
- Price
N/A
f)
Date of the transaction
20 March 2025
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 nil-cost options over Ordinary Shares under the LTIP
d) Price(s) and Price(s) Volume(s)
nil 28,766
volume(s)
e) Aggregated information N/A
- Volume
- Price
f) Date of the transaction 20 March 2025
g) Place of the transaction Outside a trading venue
e)
Aggregated information
- Volume
- Price
N/A
f)
Date of the transaction
20 March 2025
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 nil-cost options over Ordinary Shares under the LTIP
d) Price(s) and Price(s) Volume(s)
nil 27,721
volume(s)
e) Aggregated information N/A
- Volume
- Price
f) Date of the transaction 20 March 2025
g) Place of the transaction Outside a trading venue
e)
Aggregated information
- Volume
- Price
N/A
f)
Date of the transaction
20 March 2025
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 nil-cost restricted stock options over Ordinary Shares under the LTIP
d) Price(s) and Price(s) Volume(s)
Nil 15,222
volume(s)
e) Aggregated information N/A
- Volume
- Price
f) Date of the transaction 20 March 2025
g) Place of the transaction Outside a trading venue
e)
Aggregated information
- Volume
- Price
N/A
f)
Date of the transaction
20 March 2025
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 nil-cost options over Ordinary Shares under the DBP.
d) Price(s) and Price(s) Volume(s)
nil 3,158
volume(s)
e) Aggregated information
- Volume N/A
- Price
f) Date of the transaction 20 March 2025
g) Place of the transaction Outside a trading venue
e)
Aggregated information
- Volume
- Price
N/A
f)
Date of the transaction
20 March 2025
g)
Place of the transaction
Outside a trading venue
Lisa Daniels
Company Secretary
Secure Trust Bank PLC
+44 121 693 9100
About STB
STB is an established, well‐funded and capitalised UK retail bank with over
70‐years of trading history. STB operates principally from its head office
in Solihull, West Midlands, and has 904 employees (full‐time equivalent) as
at 31 December 2024. STB's diversified lending portfolio currently focuses
on two sectors:
· Business finance through its Real Estate Finance and
Commercial Finance divisions; and
· 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.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHBLGDXUSDDGUSRecent news on Secure Trust Bank
See all newsREG - Secure Trust BankPLC - Director/PDMR Shareholding
AnnouncementREG - Secure Trust BankPLC - Director/PDMR Shareholding
AnnouncementREG - Secure Trust BankPLC - Director/PDMR Shareholding
AnnouncementREG - Secure Trust BankPLC - Director/PDMR Shareholding
AnnouncementREG - Secure Trust BankPLC - Notice of AGM
Announcement