TIDMSTB

RNS Number : 0680B

Secure Trust Bank PLC

28 January 2020

PRESS RELEASE

Secure Trust Bank PLC

LEI: 213800CXIBLC2TMIGI76

28 January 2020

For immediate release

SECURE TRUST BANK PLC

("Secure Trust" or the "Company")

Notification of Dealing (PDMRs and PCAs)

Secure Trust Bank PLC, announces it was notified on 27 January 2020 that Mr Neeraj Kapur, a PDMR of the Company, sold 1,000 ordinary shares of 40 pence each ("Ordinary Shares") at a price of 1,556 pence on 24 January 2020. The Company was also notified on 27 January 2020 by Mr Kapur that a person closely associated to him has sold 1,300 Ordinary Shares at a price of 1,564.5 pence on 24 January 2020.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 and was authorized for release by the Disclosure Committee of the Company.

 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name                                   Neeraj Kapur 
      -------------------------------------  ---------------------------------- 
 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           Ordinary shares of 40p each 
        instrument, type of instrument         in Secure Trust Bank PLC 
        Identification code                    ISIN number GB00B6TKHP66 
                                               SEDOL number B6TKHP6 
      -------------------------------------  ---------------------------------- 
 b)    Nature of the transaction              Sale 
      -------------------------------------  ---------------------------------- 
 c)    Price(s) and volume(s)                  Price(s)        Volume(s) 
                                                GBP15.56 per 
                                                 share          1,000 
                                                               ---------- 
      -------------------------------------  ---------------------------------- 
 d)         Aggregated Information 
              *    Aggregated volume            1,000 
                                                GBP15.56 per share 
 
              *    Price 
      -------------------------------------  ---------------------------------- 
 e)    Date of the transaction                2020-01-24 
      -------------------------------------  ---------------------------------- 
 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 
      ----------------------------------------  ------------------------------- 
 
 
 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name                                     Rachel Kapur (PCA) 
      ---------------------------------------  ---------------------------------- 
 2     Reason for the notification 
      --------------------------------------------------------------------------- 
 a)    Position/status                          PCA 
      ---------------------------------------  ---------------------------------- 
 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             Ordinary shares of 40p each 
        instrument, type of instrument           in Secure Trust Bank PLC 
        Identification code                      ISIN number GB00B6TKHP66 
                                                 SEDOL number B6TKHP6 
      ---------------------------------------  ---------------------------------- 
 b)    Nature of the transaction                Sale 
      ---------------------------------------  ---------------------------------- 
 c)    Price(s) and volume(s)                    Price(s)         Volume(s) 
                                                  GBP15.645 per 
                                                   share           1,300 
                                                                  ---------- 
      ---------------------------------------  ---------------------------------- 
 d)         Aggregated Information 
              *    Aggregated volume              1,300 
                                                  GBP15.645 per share 
 
              *    Price 
      ---------------------------------------  ---------------------------------- 
 e)    Date of the transaction                  2020-01-24 
      ---------------------------------------  ---------------------------------- 
 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

Paul Lynam, Chief Executive Officer

Neeraj Kapur, Chief Financial Officer

Mark Stevens, Company Secretary

Tel: 0121 693 9100

Stifel Nicolaus Europe Limited (Joint Broker)

Stewart Wallace

Tel: 020 7710 7600

Canaccord Genuity Limited (Joint Broker)

David Tyrrell

Tel: 020 7523 8000

Tulchan Communications

Tom Murray/Sheebani Chothani

Tel: 020 7353 4200

About the Company:

Secure Trust Bank is an established, well--funded and capitalised UK retail bank with a 67 year trading track record. Secure Trust Bank operates principally from its head office in Solihull, West Midlands, and had 956 employees (full-- time equivalent) as at 30 June 2019. The Group's diversified lending portfolio currently focuses on two sectors:

(i) Business Finance through its Real Estate Finance, Asset Finance and Commercial Finance divisions,

(ii) Consumer Finance through its Motor Finance, Retail Finance, Debt Management and Consumer Mortgages divisions

As at 30 June 2019 the Group's loans and advances to customers totalled GBP2,278.3 million, customer deposits totalled GBP2,001.5 million and the Group's total customer base was well over 1.4 million.

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, One Arleston Way, Solihull, B90 4LH.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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