REG - Secure Trust BankPLC - Director/PDMR Shareholding

Secure Trust BankAnnouncement

10/09/2025 13:30

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RNS Number : 8265Y  Secure Trust Bank PLC  10 September 2025

Secure Trust Bank PLC

 

 

Secure Trust Bank PLC (the "Company")

Grant of awards under the Company's 2017 Long Term Incentive Plan ("LTIP")

On 9 September 2025 the Company granted nil-cost options over ordinary shares
of 40p each ("Ordinary Shares") under the LTIP to the following PDMR:

 PDMR          Number of Ordinary Shares over which options granted
 Ian Corfield  66,141

 

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 Company'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 Remuneration
Committee determines the extent to which the performance conditions have been
satisfied.  The date of release of each option will be at the end of a
holding period which will end on the second anniversary of the vesting date.

On 9 September 2025 the Company also granted nil-cost options over Ordinary
Shares under the LTIP to the following PDMR in connection with his
recruitment.

 PDMR         Number of Ordinary Shares over which options granted
 Luke Jooste  4,724

 

Each option has been granted as a nil-cost option over Ordinary Shares without
performance conditions but subject to the participant's continued service
through to the applicable vesting date, with discretion retained for the
Remuneration Committee potentially to reduce the award on settlement if it
considers appropriate to do so under the LTIP.

Each option will, ordinarily, vest on the date on which the Remuneration
Committee determines the extent to which the performance underpin has been met
and approximately 15 months after commencement of the participant's employment
with the Company.  Each option will be released so that the participant can
exercise the vested Ordinary Shares on the vesting date.

In both cases, the number of shares under each option was set by reference to
a value per Ordinary Share of £10.5833, which was the 3-day average
mid-market price determined between 4 September to 8 September 2025.

 1.  Details of PDMR / person closely associated with them ("PCA")
 a)  Name                                                         Ian Corfield
 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.
 d)  Price(s) and                                                 Price(s)  Volume(s)

                                                            nil       66,141
     volume(s)
 e)  Aggregated information

     -     Volume                                                 66,141

     -     Price                                                  nil

 f)  Date of the transaction                                      9 September 2025
 g)  Place of the transaction                                     Outside a trading venue

e)

Aggregated information

-     Volume

-     Price

 

66,141

nil

 

f)

Date of the transaction

9 September 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       4,724
     volume(s)
 e)  Aggregated information

     -     Volume                                                 4,724

     -     Price                                                  nil

 f)  Date of the transaction                                      9 September 2025
 g)  Place of the transaction                                     Outside a trading venue

e)

Aggregated information

-     Volume

-     Price

 

4,724

nil

 

f)

Date of the transaction

9 September 2025

g)

Place of the transaction

Outside a trading venue

 

Enquiries:

Secure Trust Bank PLC

Lisa Daniels, Company Secretary

Tel: 0121 693 9100

 

About the Company:

Secure Trust Bank is an established, well‐funded and capitalised UK retail
bank with over 70‐years of trading history. Secure Trust Bank operates
principally from its head office in Solihull, West Midlands, and has
851 employees (full‐time equivalent) as at end December 2024. Secure Trust
Bank's diversified lending portfolio currently focuses on two sectors:

1.    Business finance through its Real Estate Finance and Commercial
Finance divisions, and

2.    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.

 

 

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