PRESS RELEASE
Secure Trust Bank PLC
LEI: 213800CXIBLC2TMIGI76
10 May 2021
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 2,162 ordinary shares of 40 pence each ("Ordinary Shares"):
| Date | Participants. | Number of shares | Option Price |
| 7 May 2021 | David Nield | 786 | 40p per share |
| 7 May 2021 | Jon Bowers | 590 | 40p per share |
| 7 May 2021 | Kevin Hayes | 786 | 40p per share |
Mr Nield has retained all of the shares arising from the exercise of the LTIP options, electing to settle the tax and national insurance liabilities rather than sell shares to cover this cost. Mr Hayes has sold all of the shares arising from the exercise of his LTIP options. Mr Bowers has elected to sell sufficient shares to cover his tax and national insurance liability. As a consequence, Mr Bowers has retained 313 shares.
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 Deferred Bonus Scheme ("DBP") at an exercise price of 40 pence over a total of 826 ordinary shares of 40 pence each ("Ordinary Shares"):
| Date | Participants. | Number of shares | Option Price |
| 7 May 2021 | David Nield | 413 | 40p per share |
| 7 May 2021 | Kevin Hayes | 413 | 40p per share |
Mr Nield has retained all of the shares arising from the exercise of the DBP options, electing to settle the tax and national insurance liabilities rather than sell shares to cover this cost. Mr Hayes has sold all of the shares arising from the exercise of his DBP options.
A further four individuals, not PDMRs of the Company, have also elected to exercise share options, resulting in a total of 4,710 new shares in the Company being issued and allotted, including the above. 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 18,638,372 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 18,638,372 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 | Mr David Nield | ||||||||
| 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 of an option | ||||||||
| c) | Price(s) and volume(s) |
| ||||||||
| d) | Aggregated Information - Aggregated volume - Price |
786 £0.40 per share | ||||||||
| e) | Date of the transaction | 2021-05-07 | ||||||||
| 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 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 of an option | ||||||||
| c) | Price(s) and volume(s) |
| ||||||||
| d) | Aggregated Information - Aggregated volume - Price |
590 £0.40 per share | ||||||||
| e) | Date of the transaction | 2020-05-07 | ||||||||
| 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 Kevin Hayes | ||||||||
| 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 of an option | ||||||||
| c) | Price(s) and volume(s) |
| ||||||||
| d) | Aggregated Information - Aggregated volume - Price |
786 £0.40 per share | ||||||||
| e) | Date of the transaction | 2020-05-07 | ||||||||
| 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 Kevin Hayes | ||||||||
| 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 of an option | ||||||||
| c) | Price(s) and volume(s) |
| ||||||||
| d) | Aggregated Information - Aggregated volume - Price |
413 £0.40 per share | ||||||||
| e) | Date of the transaction | 2020-05-07 | ||||||||
| 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 David Nield | ||||||||
| 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 of an option | ||||||||
| c) | Price(s) and volume(s) |
| ||||||||
| d) | Aggregated Information - Aggregated volume - Price |
413 £0.40 per share | ||||||||
| e) | Date of the transaction | 2021-05-07 | ||||||||
| 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 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 | Sale of shares | ||||||||
| c) | Price(s) and volume(s) |
| ||||||||
| d) | Aggregated Information - Aggregated volume - Price |
277 £11.65 per share | ||||||||
| e) | Date of the transaction | 2020-05-07 | ||||||||
| 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 Kevin Hayes | ||||||||
| 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 | Sale of shares | ||||||||
| c) | Price(s) and volume(s) |
| ||||||||
| d) | Aggregated Information - Aggregated volume - Price |
1,199 £11.65 per share | ||||||||
| e) | Date of the transaction | 2020-05-07 | ||||||||
| 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:
Mark Stevens
Company Secretary
Secure Trust Bank PLC
+44 121 693 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
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