RNS Number : 7466T
Secure Trust Bank PLC
17 November 2023
 

Secure Trust Bank PLC

LEI: 213800CXIBLC2TMIGI76

 

SECURE TRUST BANK PLC

 

Exercise of Options

 

Secure Trust Bank PLC (the "Company") announces that on 16 November 2023 the following individual, a PDMR of the Company, exercised his option over shares under the 2017 Long term Incentive Plan ("LTIP") over a total of 1,675 ordinary shares of 40 pence each ("Ordinary Shares"):

 

Date

Participants.

Number of shares

Option Price

16 November 2023

John Bevan

1,675

£0.40 per share

 

John Bevan sold all the shares arising from the exercise of his LTIP option. A further 8 individuals, not PDMRs of the Company, have also exercised their respective options over shares under the LTIP. All exercises were satisfied using market purchase shares held in the Group's Employee Benefit Trust.

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

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

Identification code

Ordinary shares of 40p each in Secure Trust Bank PLC

ISIN number GB00B6TKHP66

SEDOL number B6TKHP6

b)

Nature of the transaction

Exercise and sale of an option

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.40 per share

1,675 (exercise)

£6.43 per share

1,675 (sale)

d)

Aggregated Information

-      Aggregated volume

-      Price

 

3350

£3.415 per share

e)

Date of the transaction

2023-11-16

f)

Place of the transaction

London Stock Exchange

5

Securities

(a)

Type and class of securities

Fully paid ordinary shares of 40p each

ISIN number GB00B6TKHP66

SEDOL number B6TKHP6

 

Enquiries:

 

Secure Trust Bank PLC

Mark Stevens, Company Secretary

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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