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29 Apr 2024 16:26
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) |
| ||||
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) |
| ||||
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) |
| ||||
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) |
| ||||
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) |
| ||||
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) |
| ||||||
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) |
| ||||||
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) |
| ||||||
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) |
| ||||
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) |
| ||||
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) |
| ||||
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) |
| ||||
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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