TIDMSTB

RNS Number : 0819W

Secure Trust Bank PLC

15 August 2022

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.

 
       Details of the person discharging managerial responsibilities/person 
  1     closely associated 
 a)    Name                                     Nick Davies 
      ---------------------------------------  ---------------------------------- 
       Reason for the notification 
  2 
      --------------------------------------------------------------------------- 
 a)    Position/status                          PDMR 
      ---------------------------------------  ---------------------------------- 
 b)    Initial notification/Amendment           Initial notification 
      ---------------------------------------  ---------------------------------- 
       Details of the issuer 
  3 
      --------------------------------------------------------------------------- 
 a)    Name                                     Secure Trust Bank PLC 
      ---------------------------------------  ---------------------------------- 
 b)    LEI                                      213800CXIBLC2TMIGI76 
      ---------------------------------------  ---------------------------------- 
       Details of the transaction(s): section to be repeated for 
  4     (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             Ordinary shares of 40p each 
        instrument, type of instrument           in Secure Trust Bank PLC 
        Identification code                      ISIN number GB00B6TKHP66 
                                                 SEDOL number B6TKHP6 
      ---------------------------------------  ---------------------------------- 
 b)    Nature of the transaction                Exercise of Share Options 
      ---------------------------------------  ---------------------------------- 
 c)    Price(s) and volume(s)                    Price(s)    Volume(s) 
                                                  GBP0.40     9,455 
                                                             ---------- 
      ---------------------------------------  ---------------------------------- 
 d)         Aggregated Information              9,455 
              *    Aggregated volume             GBP0.40 per share 
 
 
              *    Price 
      ---------------------------------------  ---------------------------------- 
 e)    Date of the transaction                  10 August 2022 
      ---------------------------------------  ---------------------------------- 
 f)    Place of the transaction                 London Stock Exchange 
      ---------------------------------------  ---------------------------------- 
         Securities 
  5 
        ------------------------------------------------------------------------- 
 (a)     Type and class of securities             Fully paid ordinary shares 
                                                   of 40p each 
                                                   ISIN number GB00B6TKHP66 
                                                   SEDOL number B6TKHP6 
        ---------------------------------------  -------------------------------- 
 
 
 
       Details of the person discharging managerial responsibilities/person 
  1     closely associated 
 a)    Name                                     John Bevan 
      ---------------------------------------  ---------------------------------- 
       Reason for the notification 
  2 
      --------------------------------------------------------------------------- 
 a)    Position/status                          PDMR 
      ---------------------------------------  ---------------------------------- 
 b)    Initial notification/Amendment           Initial notification 
      ---------------------------------------  ---------------------------------- 
       Details of the issuer 
  3 
      --------------------------------------------------------------------------- 
 a)    Name                                     Secure Trust Bank PLC 
      ---------------------------------------  ---------------------------------- 
 b)    LEI                                      213800CXIBLC2TMIGI76 
      ---------------------------------------  ---------------------------------- 
       Details of the transaction(s): section to be repeated for 
  4     (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             Ordinary shares of 40p each 
        instrument, type of instrument           in Secure Trust Bank PLC 
        Identification code                      ISIN number GB00B6TKHP66 
                                                 SEDOL number B6TKHP6 
      ---------------------------------------  ---------------------------------- 
 b)    Nature of the transaction                Exercise of Share Options 
      ---------------------------------------  ---------------------------------- 
 c)    Price(s) and volume(s)                    Price(s)    Volume(s) 
                                                  GBP0.40     1,516 
                                                             ---------- 
      ---------------------------------------  ---------------------------------- 
 d)         Aggregated Information              1,516 
              *    Aggregated volume             GBP0.40 per share 
 
 
              *    Price 
      ---------------------------------------  ---------------------------------- 
 e)    Date of the transaction                  10 August 2022 
      ---------------------------------------  ---------------------------------- 
 f)    Place of the transaction                 London Stock Exchange 
      ---------------------------------------  ---------------------------------- 
         Securities 
  5 
        ------------------------------------------------------------------------- 
 (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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August 15, 2022 12:15 ET (16:15 GMT)

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