Last checked at 17 Nov 2023 07:00
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) |
| ||||||
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.