REG - Secure Trust BankPLC - Issue of Equity and purchase of shares by EBT

Secure Trust BankAnnouncement

15/11/2023 14:00

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RNS Number : 5892T  Secure Trust Bank PLC  15 November 2023

 

Secure Trust Bank PLC

LEI: 213800CXIBLC2TMIGI76

 

 

SECURE TRUST BANK PLC

('Secure Trust Bank' or the 'Company')

Issue of Shares and purchase of shares by Employee Benefit Trust

On 15 November 2023, the Company issued from its block listing authority
68,956 new Ordinary shares of 40p each to satisfy the exercise of options
under the 2017 Sharesave Plan 2020 grant. These shares rank pari passu with
the existing Ordinary shares in issue.

As a result of this issuance, the total number of Ordinary shares in issue is
18,989,577 and the total number of voting rights in the Company is 18,989,577.
There are no shares held in treasury.

18,989,577 should be used by shareholders as the denominator for the
calculation of notifiable interests in, or change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency Rules.

Also on 15 November 2023, 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 £303,677 or 46,407 shares (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.

 

Enquiries:

Secure Trust Bank

David McCreadie, Chief Executive Officer

Mark Stevens, Company Secretary

Phil Clark, Investor Relations

Tel: 0121 693 9100

 

About the Company:

Secure Trust Bank is an established, well‐funded and capitalised UK retail
bank with a 71‐year trading track record. Secure Trust Bank operates
principally from its head office in Solihull, West Midlands, and had 858
employees (full‐time equivalent) as at 30 September 2023. The Group's
diversified lending portfolio currently focuses on two sectors:

(i)            Business finance through its Real Estate Finance and
Commercial Finance divisions, and

(ii)           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, One Arleston Way, Solihull, B90 4LH.

 

 

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