Secure Trust BankPLC - Director/PDMR Shareholding

Secure Trust Bank

24/03/2025 16:47

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). 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
volume(s)
Price(s)
Volume(s)
nil
127,158
nil
10,802
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
volume(s)
Price(s)
Volume(s)
nil
88,618
nil
10,754
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
volume(s)
Price(s)
Volume(s)
nil
43,453
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
volume(s)
Price(s)
Volume(s)
nil
31,286
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
volume(s)
Price(s)
Volume(s)
nil
28,766
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
volume(s)
Price(s)
Volume(s)
nil
27,721
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
volume(s)
Price(s)
Volume(s)
Nil
15,222
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
volume(s)
Price(s)
Volume(s)
nil
3,158
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.

 

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