Secure Trust Bank PLC
SECURE TRUST BANK
PLC
Exercise of Options, Issue of
Equity
Secure Trust Bank PLC (the "Company") announces
that on 25 April 2024 the following individuals, each PDMRs of the
Company, as per the below, exercised their respective options over
shares under the 2017 Deferred Bonus Scheme ("DBP") at an exercise
price of 40 pence over a total of 34,942 ordinary shares of 40
pence each ("Ordinary Shares"):
Date
|
Participants.
|
Number of
shares
|
Option
Price
|
25 April 2024
|
David McCreadie
|
18,613
|
40p per share
|
25 April 2024
|
Rachel Lawrence
|
11,682
|
40p per share
|
25 April 2024
|
Chris Harper
|
4,647
|
40p per share
|
Each individual has elected to sell sufficient
shares to cover their tax, national insurance liability and
associated costs arising from the exercise of the
options.
The Company announces that the following
individuals, each PDMRs of the Company, as per the below, exercised
their respective options over shares under the 2017 Long Term
Incentive Scheme ("LTIP") at an exercise price of 40 pence over a
total of 11,355 ordinary shares of 40 pence each ("Ordinary
Shares"):
Date
|
Participants.
|
Number of
shares
|
Option
Price
|
25 April 2024
|
John Bevan
|
3043
|
40p per share
|
25 April 2024
|
Chris Harper
|
6,638
|
40p per share
|
25 April 2024
|
Andrew Phillips
|
1,674
|
40p per share
|
Each individual has sold all of the shares
arising from the exercise of his LTIP option.
Exercises under the DBP and LTIP schemes were
satisfied through the transfer of shares from the Employee Benefit
Trust.
The Company further announces that the
following individual, a Director and PDMR of the Company, as per
the below, exercised their respective options over shares under the
2017 Save as your Earn plan ("SAYE") at an exercise price of
531.2pence over a total of 3,388 ordinary shares of 40 pence each
("Ordinary Shares"):
Date
|
Participants.
|
Number of
shares
|
Option
Price
|
25 April 2024
|
Rachel Lawrence
|
3,388
|
531.2p per share
|
Exercises under the SAYE plan were satisfied by
new issue. The new Ordinary Shares were allotted from the Company's
Block Listing authority to satisfy exercise requests under the
SAYE. The shares will rank pari passu with the existing issued
shares of the Company.
Also on 25 April 2024,
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 51,930 shares at a price of £6.95 per share
(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.
The Company further announces that Chris
Harper, a PDMR of the Company, transferred 920 ordinary shares of
40p each in the Company to his spouse on 26 April 2024 for nil
consideration.
The relevant notifications set out below are
provided in accordance with the requirements of Article 19 of the
UK Market Abuse Regulation.
1.
|
Details of PDMR /
person closely associated with them ("PCA")
|
a)
|
Name
|
David McCreadie
|
2.
|
Reason for the
notification
|
a)
|
Position / status
|
Director/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
|
Exercise of an option
|
d)
|
Price(s) and
volume(s)
|
Price(s)
|
Volume(s)
|
£0.40 per share
|
18,613
|
|
e)
|
Aggregated information
-
Volume
-
Price
|
N/A
|
f)
|
Date of the transaction
|
25 April 2024
|
g)
|
Place of the transaction
|
Outside of a trading venue
|
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
|
Sale of shares
|
d)
|
Price(s) and
volume(s)
|
Price(s)
|
Volume(s)
|
£6.95 per share
|
9,841
|
|
e)
|
Aggregated information
-
Volume
-
Price
|
N/A
|
f)
|
Date of the transaction
|
25 April 2024
|
g)
|
Place of the transaction
|
London Stock Exchange
|
1.
|
Details of PDMR /
person closely associated with them ("PCA")
|
a)
|
Name
|
Rachel Lawrence
|
2.
|
Reason for the
notification
|
a)
|
Position / status
|
Director/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
|
Exercise of an option
|
d)
|
Price(s) and
volume(s)
|
Price(s)
|
Volume(s)
|
£0.40 per share
|
11,682
|
|
e)
|
Aggregated information
-
Volume
-
Price
|
N/A
|
f)
|
Date of the transaction
|
25 April 2024
|
g)
|
Place of the transaction
|
Outside of a trading venue
|
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
|
Sale of shares
|
d)
|
Price(s) and
volume(s)
|
Price(s)
|
Volume(s)
|
£6.95 per share
|
5,848
|
|
e)
|
Aggregated information
-
Volume
-
Price
|
N/A
|
f)
|
Date of the transaction
|
25 April 2024
|
g)
|
Place of the transaction
|
London Stock Exchange
|
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
|
Exercise of an option
|
d)
|
Price(s) and
volume(s)
|
Price(s)
|
Volume(s)
|
£5.312 per share
|
3,388
|
|
e)
|
Aggregated information
-
Volume
-
Price
|
N/A
|
f)
|
Date of the transaction
|
25 April 2024
|
g)
|
Place of the transaction
|
Outside of 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
|
Exercise of options
|
d)
|
Price(s) and
volume(s)
|
Price(s)
|
Volume(s)
|
£0.40 per share
|
4,647
|
£0.40 per share
|
6,638
|
|
e)
|
Aggregated information
-
Volume
-
Price
|
11,285
£0.40
|
f)
|
Date of the transaction
|
25 April 2024
|
g)
|
Place of the transaction
|
Outside of a trading venue
|
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
|
Sale of shares
|
d)
|
Price(s) and
volume(s)
|
Price(s)
|
Volume(s)
|
£6.95 per share
|
8,965
|
|
|
|
e)
|
Aggregated information
-
Volume
-
Price
|
N/A
|
f)
|
Date of the transaction
|
25 April 2024
|
g)
|
Place of the transaction
|
London Stock Exchange
|
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
|
Transfer of shares to spouse for nil
consideration
|
d)
|
Price(s) and
volume(s)
|
Price(s)
|
Volume(s)
|
Nil
|
920
|
|
e)
|
Aggregated information
-
Volume
-
Price
|
N/A
|
f)
|
Date of the transaction
|
26 April 2024
|
g)
|
Place of the transaction
|
Outside of a trading venue
|
1.
|
Details of PDMR /
person closely associated with them ("PCA")
|
a)
|
Name
|
John Bevan
|
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
|
Exercise of an option
|
d)
|
Price(s) and
volume(s)
|
Price(s)
|
Volume(s)
|
£0.40 per share
|
3,043
|
|
e)
|
Aggregated information
-
Volume
-
Price
|
N/A
|
f)
|
Date of the transaction
|
25 April 2024
|
g)
|
Place of the transaction
|
Outside of a trading venue
|
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
|
Sale of shares
|
d)
|
Price(s) and
volume(s)
|
Price(s)
|
Volume(s)
|
£6.95 per share
|
3,043
|
|
e)
|
Aggregated information
-
Volume
-
Price
|
N/A
|
f)
|
Date of the transaction
|
25 April 2024
|
g)
|
Place of the transaction
|
London Stock Exchange
|
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
|
Exercise of an option
|
d)
|
Price(s) and
volume(s)
|
Price(s)
|
Volume(s)
|
£0.40 per share
|
1,674
|
|
e)
|
Aggregated information
-
Volume
-
Price
|
N/A
|
f)
|
Date of the transaction
|
25 April 2024
|
g)
|
Place of the transaction
|
Outside of a trading venue
|
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
|
Sale of shares
|
d)
|
Price(s) and
volume(s)
|
Price(s)
|
Volume(s)
|
£6.95 per share
|
1,674
|
|
e)
|
Aggregated information
-
Volume
-
Price
|
N/A
|
f)
|
Date of the transaction
|
25 April 2024
|
g)
|
Place of the transaction
|
London Stock Exchange
|
Enquiries:
Lisa
Daniels
Company
Secretary
Secure Trust
Bank PLC
+44 121 693
9100