TIDMSTB

RNS Number : 3403H

Secure Trust Bank PLC

03 December 2020

PRESS RELEASE

Secure Trust Bank PLC

LEI: 213800CXIBLC2TMIGI76

3 December 2020

For immediate release

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

Cash Settlement in Lieu of Options

Secure Trust Bank (the "Company") announces that on 1 December 2020 Mr David Mercer, a PDMR of the Company, received a cash settlement in lieu of his share options granted in 2018 under the 2017 Long Term Incentive Scheme ("LTIP") at an exercise price of 40 pence ("Ordinary Shares"):

 
 Participants.   Number of shares   Option Price 
 David Mercer    1,181              40p per share 
                -----------------  -------------- 
 

The cash settlement of the LTIP, calculated at a share price of 911p, in line with the options cash settled on 27 November 2020, was used to determine the quantum of his award in exchange for the lapse of their share options detailed above.

There have been no changes to the total of 18,633,662 Ordinary Shares in issue, each carrying one voting right, (the "Share Capital") as a consequence of the above.

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                                     David Mercer 
      ---------------------------------------  ---------------------------------- 
 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                Cash settle and lapse of an 
                                                 option 
      ---------------------------------------  ---------------------------------- 
 c)    Price(s) and volume(s)                    Price(s)    Volume(s) 
                                                  N/a         1,181 
                                                             ---------- 
      ---------------------------------------  ---------------------------------- 
 d)         Aggregated Information               N/A 
              *    Aggregated volume 
 
 
              *    Price 
      ---------------------------------------  ---------------------------------- 
 e)    Date of the transaction                  2020-12-01 
      ---------------------------------------  ---------------------------------- 
 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

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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(END) Dow Jones Newswires

December 03, 2020 02:05 ET (07:05 GMT)

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