TIDMSTB

RNS Number : 8334G

Secure Trust Bank PLC

30 November 2020

PRESS RELEASE

Secure Trust Bank PLC

LEI: 213800CXIBLC2TMIGI76

30 November 2020

For immediate release

SECURE TRUST BANK PLC ("Secure Trust" or the "Company")

Exercise of Options, Issue of Equity

Secure Trust Bank (the "Company") announces that the following individuals, each PDMRs of the Company, as per the below, exercised share options under the 2017 Long Term Incentive Scheme ("LTIP") at an exercise price of 40 pence over a total of 1,112 ordinary shares of 40 pence each ("Ordinary Shares"):

 
 Date          Participants.    Number of shares   Option Price 
 26 November   Alan Karter      126                40p per share 
  2020 
              ---------------  -----------------  -------------- 
 26 November   Anne McKenning   493                40p per share 
  2020 
              ---------------  -----------------  -------------- 
 27 November   Jon Bowers       493                40p per share 
  2020 
              ---------------  -----------------  -------------- 
 

Mr Karter and Mrs McKenning have retained all of the shares arising from the exercise, electing to settle the tax and national insurance liabilities rather than sell shares to cover this cost. Mr Bowers has elected to sell sufficient shares to cover his tax and national insurance liability. As a consequence, Mr Bowers has retained 245 shares.

The new Ordinary Shares were allotted from the Company's Block Listing authority. The shares will rank pari passu with the existing issued shares of the Company

Following Admission, the Company will have a total of 18,633,662 Ordinary Shares in issue (the "Enlarged Share Capital") each carrying one voting right. The Company does not hold any Ordinary Shares in Treasury. This figure of 18,633,662 Ordinary Shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

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                                     Mrs Anne McKenning 
      ---------------------------------------  ---------------------------------- 
 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                Exercise of an option 
      ---------------------------------------  ---------------------------------- 
 c)    Price(s) and volume(s)                    Price(s)       Volume(s) 
                                                  GBP0.40 per 
                                                   share         493 
                                                                ---------- 
      ---------------------------------------  ---------------------------------- 
 d)         Aggregated Information               493 
              *    Aggregated volume              GBP0.40 per share 
 
 
              *    Price 
      ---------------------------------------  ---------------------------------- 
 e)    Date of the transaction                  2020-11-26 
      ---------------------------------------  ---------------------------------- 
 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                                     Mr Alan Karter 
      ---------------------------------------  ---------------------------------- 
 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                Exercise of an option 
      ---------------------------------------  ---------------------------------- 
 c)    Price(s) and volume(s)                    Price(s)       Volume(s) 
                                                  GBP0.40 per 
                                                   share         126 
                                                                ---------- 
      ---------------------------------------  ---------------------------------- 
 d)         Aggregated Information               126 
              *    Aggregated volume              GBP0.40 per share 
 
 
              *    Price 
      ---------------------------------------  ---------------------------------- 
 e)    Date of the transaction                  2020-11-26 
      ---------------------------------------  ---------------------------------- 
 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                                     Mr Jon Bowers 
      ---------------------------------------  ---------------------------------- 
 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                Exercise of an option 
      ---------------------------------------  ---------------------------------- 
 c)    Price(s) and volume(s)                    Price(s)       Volume(s) 
                                                  GBP0.40 per 
                                                   share         493 
                                                                ---------- 
      ---------------------------------------  ---------------------------------- 
 d)         Aggregated Information               493 
              *    Aggregated volume              GBP0.40 per share 
 
 
              *    Price 
      ---------------------------------------  ---------------------------------- 
 e)    Date of the transaction                  2020-11-27 
      ---------------------------------------  ---------------------------------- 
 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                                     Mr Jon Bowers 
      ---------------------------------------  ---------------------------------- 
 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 of shares 
      ---------------------------------------  ---------------------------------- 
 c)    Price(s) and volume(s)                    Price(s)      Volume(s) 
                                                  GBP8.55per 
                                                   share        248 
                                                               ---------- 
      ---------------------------------------  ---------------------------------- 
 d)         Aggregated Information               248 
              *    Aggregated volume              GBP8.55 per share 
 
 
              *    Price 
      ---------------------------------------  ---------------------------------- 
 e)    Date of the transaction                  2020-11-27 
      ---------------------------------------  ---------------------------------- 
 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

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 68 year trading track record. Secure Trust Bank operates principally from its head office in Solihull, West Midlands, and had 972 employees (full-- time equivalent) as at 30 June 2020. 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 Collection and Consumer Mortgages divisions

As at 30 June 2020 the Group's loans and advances to customers totalled GBP2,377.5 million, customer deposits totalled GBP1,999.2 million and the Group's total customer base was well over 1.6 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.

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END

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November 30, 2020 02:05 ET (07:05 GMT)

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