PRESS RELEASE
Secure Trust Bank PLC
LEI: 213800CXIBLC2TMIGI76
15 August 2022
For immediate release
SECURE TRUST BANK PLC
Exercise of Options, Issue of Equity
Secure Trust Bank PLC (the "Company") announces that the following individuals, each PDMRs of the Company, as per the below, exercised their options to purchase shares under the 2017 Long Term Incentive Scheme ("LTIP") over a total of 7,064 ordinary shares of 40 pence each ("Ordinary Shares"):
| Date | Participants | Number of shares | Option Price |
| 10 August 2022 | Nick Davies | 5,548 | 40p per share |
| 10 August 2022 | John Bevan | 1,516 | 40p per share |
The Company further announces that Nick Davies, a PDMR of the Company, has exercised his option to purchase 3,907 Ordinary Shares under the 2017 Deferred Bonus Scheme ("DBP") at an exercise price of 40 pence per share.
A further three individuals, not PDMRs of the Company, have also elected to exercise their options to purchase their share options. This has resulted in a total of 12,978 new shares in the Company being issued and allotted. 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 18,688,238 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 18,688,238 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.
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name | Nick Davies | ||||||
| 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 Share Options | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated Information - Aggregated volume - Price | 9,455 £0.40 per share | ||||||
| e) | Date of the transaction | 10 August 2022 | ||||||
| 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 | John Bevan | ||||||
| 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 Share Options | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated Information - Aggregated volume - Price | 1,516 £0.40 per share | ||||||
| e) | Date of the transaction | 10 August 2022 | ||||||
| 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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