Director/PDMR Shareholding

RNS Number : 6745W

Secure Trust Bank PLC

19 August 2022

 

PRESS RELEASE

Secure Trust Bank PLC

LEI: 213800CXIBLC2TMIGI76

19 August 2022

For immediate release

SECURE TRUST BANK PLC

PDMR Shareholding - Sale of Shares

Secure Trust Bank PLC (the "Company") announces that, following the announcement on 15 August 2022 which detailed the exercise of options for the below PDMRs, the accompanying sales of Ordinary Shares have concluded at an average price of 1,014.78p per share.

Participants	Number of shares
Nick Davies	9,455
John Bevan	1,516

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		Sale of shares resulting from a cashless exercise of Options
c)	Price(s) and volume(s)		Price(s) Volume(s) 1014.78p 9,455
d)	Aggregated Information -  Aggregated volume -  Price		9,455 1014.78p per share
e)	Date of the transaction		18 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		Sale of shares resulting from a cashless exercise of Options
c)	Price(s) and volume(s)		Price(s) Volume(s) 1014.78p 1,516
d)	Aggregated Information -  Aggregated volume -  Price		1,516 1014.78p per share
e)	Date of the transaction		18 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

[phone]

Stifel Nicolaus Europe Limited (Joint Broker)

Stewart Wallace

Tel: [phone] 

Canaccord Genuity Limited (Joint Broker)

David Tyrrell

Tel: [phone]

Tulchan Communications

Tom Murray/Sheebani Chothani

Tel: [phone]

About the Company:

Secure Trust Bank is an established, well‐funded and capitalised UK retail bank with a 70 year trading track record. Secure Trust Bank operates principally from its head office in Solihull, West Midlands, and had an average of 983 employees (full‐ time equivalent) as at 30 June 2022. The Group's diversified lending portfolio currently focuses on two sectors:

(i)  Business Finance through its Real Estate Finance and Commercial Finance divisions,

(ii)  Consumer Finance through its Vehicle Finance and Retail Finance divisions.

As at 30 June 2022 the Group's loans and advances to customers totalled £2,751.2 million, customer deposits totalled £2,290.9 million and the Group's total customer base was over 1.5 million customers. As these figures are as at 30 June 2022, they include approximately 200 employees and 0.5 million customers which relate to Debt Managers (Services) Ltd (DMS). DMS sold its loan portfolio in the first half of 2022 and expects, in the second half of 2022, to migrate its customers and transfer its employees to the purchaser of the portfolio.

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.

 

END

 

 

DSHBLGDIRGBDGDC