Director/PDMR Shareholding

Secure Trust Bank PLC

29 April 2024

 

Secure Trust Bank PLC

SECURE TRUST BANK PLC

Exercise of Options, Issue of Equity

Secure Trust Bank PLC (the "Company") announces that on 25 April 2024 the following individuals, each PDMRs of the Company, as per the below, exercised their respective options over shares under the 2017 Deferred Bonus Scheme ("DBP") at an exercise price of 40 pence over a total of 34,942 ordinary shares of 40 pence each ("Ordinary Shares"):

Date	Participants.	Number of shares	Option Price
25 April 2024	David McCreadie	18,613	40p per share
25 April 2024	Rachel Lawrence	11,682	40p per share
25 April 2024	Chris Harper	4,647	40p per share

Each individual has elected to sell sufficient shares to cover their tax, national insurance liability and associated costs arising from the exercise of the options.

The Company announces that the following individuals, each PDMRs of the Company, as per the below, exercised their respective options over shares under the 2017 Long Term Incentive Scheme ("LTIP") at an exercise price of 40 pence over a total of 11,355 ordinary shares of 40 pence each ("Ordinary Shares"):

Date	Participants.	Number of shares	Option Price
25 April 2024	John Bevan	3043	40p per share
25 April 2024	Chris Harper	6,638	40p per share
25 April 2024	Andrew Phillips	1,674	40p per share

Each individual has sold all of the shares arising from the exercise of his LTIP option.

Exercises under the DBP and LTIP schemes were satisfied through the transfer of shares from the Employee Benefit Trust.

The Company further announces that the following individual, a Director and PDMR of the Company, as per the below, exercised their respective options over shares under the 2017 Save as your Earn plan ("SAYE") at an exercise price of 531.2pence over a total of 3,388 ordinary shares of 40 pence each ("Ordinary Shares"):

Date	Participants.	Number of shares	Option Price
25 April 2024	Rachel Lawrence	3,388	531.2p per share

Exercises under the SAYE plan were satisfied by new issue. The new Ordinary Shares were allotted from the Company's Block Listing authority to satisfy exercise requests under the SAYE. The shares will rank pari passu with the existing issued shares of the Company.

Also on 25 April 2024, Ocorian Trustees (Jersey) Limited (the 'Trustee'), which administers the Company's Employee Benefit Trust (the 'Trust'), has made market purchases of ordinary shares in the Company for the benefit of the Trust of 51,930 shares at a price of £6.95 per share (the 'Market Purchases').

The Market Purchases will be used to help meet future obligations arising under the Company's various share schemes and share plans, some of which will include share awards that Executive Directors and PDMRs are the recipients of.  The Market Purchases were subject to the Trustee's absolute discretion as to the purchase price paid but within pre-agreed parameters set by the Company.

The Market Purchases have been funded by the Company by way of a loan.

The Company further announces that Chris Harper, a PDMR of the Company, transferred 920 ordinary shares of 40p each in the Company to his spouse on 26 April 2024 for nil consideration.

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	David McCreadie
2.	Reason for the notification
a)	Position / status	Director/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	Exercise of an option
d)	Price(s) and volume(s)	Price(s) Volume(s) £0.40 per share 18,613
e)	Aggregated information -     Volume -     Price	N/A
f)	Date of the transaction	25 April 2024
g)	Place of the transaction	Outside of a trading venue
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	Sale of shares
d)	Price(s) and volume(s)	Price(s) Volume(s) £6.95 per share 9,841
e)	Aggregated information -     Volume -     Price	N/A
f)	Date of the transaction	25 April 2024
g)	Place of the transaction	London Stock Exchange

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Rachel Lawrence
2.	Reason for the notification
a)	Position / status	Director/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	Exercise of an option
d)	Price(s) and volume(s)	Price(s) Volume(s) £0.40 per share 11,682
e)	Aggregated information -     Volume -     Price	N/A
f)	Date of the transaction	25 April 2024
g)	Place of the transaction	Outside of a trading venue
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	Sale of shares
d)	Price(s) and volume(s)	Price(s) Volume(s) £6.95 per share 5,848
e)	Aggregated information -     Volume -     Price	N/A
f)	Date of the transaction	25 April 2024
g)	Place of the transaction	London Stock Exchange
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	Exercise of an option
d)	Price(s) and volume(s)	Price(s) Volume(s) £5.312 per share 3,388
e)	Aggregated information -     Volume -     Price	N/A
f)	Date of the transaction	25 April 2024
g)	Place of the transaction	Outside of a trading venue

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	Exercise of options
d)	Price(s) and volume(s)	Price(s) Volume(s) £0.40 per share 4,647 £0.40 per share 6,638
e)	Aggregated information -     Volume -     Price	11,285 £0.40
f)	Date of the transaction	25 April 2024
g)	Place of the transaction	Outside of a trading venue
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	Sale of shares
d)	Price(s) and volume(s)	Price(s) Volume(s) £6.95 per share 8,965
e)	Aggregated information -     Volume -     Price	N/A
f)	Date of the transaction	25 April 2024
g)	Place of the transaction	London Stock Exchange
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	Transfer of shares to spouse for nil consideration
d)	Price(s) and volume(s)	Price(s) Volume(s) Nil 920
e)	Aggregated information -     Volume -     Price	N/A
f)	Date of the transaction	26 April 2024
g)	Place of the transaction	Outside of a trading venue

1.	Details of PDMR / person closely associated with them ("PCA")
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	Ordinary shares of 40p each in Secure Trust Bank PLC.
b)	Identification code	GB00B6TKHP66
c)	Nature of the transaction	Exercise of an option
d)	Price(s) and volume(s)	Price(s) Volume(s) £0.40 per share 3,043
e)	Aggregated information -     Volume -     Price	N/A
f)	Date of the transaction	25 April 2024
g)	Place of the transaction	Outside of a trading venue
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	Sale of shares
d)	Price(s) and volume(s)	Price(s) Volume(s) £6.95 per share 3,043
e)	Aggregated information -     Volume -     Price	N/A
f)	Date of the transaction	25 April 2024
g)	Place of the transaction	London Stock Exchange

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Andrew Phillips
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	Exercise of an option
d)	Price(s) and volume(s)	Price(s) Volume(s) £0.40 per share 1,674
e)	Aggregated information -     Volume -     Price	N/A
f)	Date of the transaction	25 April 2024
g)	Place of the transaction	Outside of a trading venue
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	Sale of shares
d)	Price(s) and volume(s)	Price(s) Volume(s) £6.95 per share 1,674
e)	Aggregated information -     Volume -     Price	N/A
f)	Date of the transaction	25 April 2024
g)	Place of the transaction	London Stock Exchange

Enquiries:

Lisa Daniels

Company Secretary

Secure Trust Bank PLC

[phone]

 

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