RNS Number : 4654M
Secure Trust Bank PLC
29 April 2024
 

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

 

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