Source - LSE Regulatory
RNS Number : 3654M
Secure Trust Bank PLC
21 September 2021
 

PRESS RELEASE

Secure Trust Bank PLC

LEI: 213800CXIBLC2TMIGI76

21  September 2021

For immediate release

 

Secure Trust Bank PLC ("the Company")

Grant of Awards under the Company's 2017 Deferred Bonus Plan

 

On 20 September 2021 the Company granted the following buy-out award over ordinary shares of £0.40 each in the Company under the 2017 Deferred Bonus Plan (the "Plan") to the PDMR set out below. The buy-out award has been granted in order to replace awards and a cash bonus forfeited by the PDMR on leaving previous employment.

PDMR

Number of ordinary shares subject to DBP award

Chris Harper

11,321

The award has been granted in the form of an Option with an exercise price per share equal to the nominal value of a share and, subject to the rules of the Plan will vest in three tranches, as follows:

·      26 April 2022 as regards to 3,490 shares;

·      26 April 2023 as regards to 3,773 shares; and

·      26 April 2024 as regards to 4,058 shares.

In accordance with the terms of the awards, the exercise price payable may be waived before exercise.

 

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

Grant of nil-cost option over ordinary shares under the Secure Trust Bank 2017 Deferred Bonus Plan.

d)

Price(s) and

volume(s)

Price(s)

Volume(s)

Nil

11,321

e)

Aggregated information

-     Volume

-     Price

N/A

f)

Date of the transaction

20 September 2021

g)

Place of the transaction

Outside a trading venue

 

 

 

M Stevens

Company Secretary

Secure Trust Bank PLC

+44 121 693 9100

 

 

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END
 
 
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