Secure Trust Bank PLC Issue of Equity and purchase of shares by EBT (2292S)
03 November 2023 - 1:22AM
UK Regulatory
TIDMSTB
RNS Number : 2292S
Secure Trust Bank PLC
02 November 2023
Secure Trust Bank PLC
LEI: 213800CXIBLC2TMIGI76
SECURE TRUST BANK PLC
('Secure Trust Bank' or the 'Company')
Issue of Shares and p urchase of shares by Employee Benefit
Trust
On 1 November 2023, the Company issued from its block listing
authority 204,075 new Ordinary shares of 40p each to satisfy the
exercise of options under the 2017 Sharesave Plan 2020 grant. These
shares rank pari passu with the existing Ordinary shares in
issue.
As a result of this issuance, the total number of Ordinary
shares in issue is 18,920,621 and the total number of voting rights
in the Company is 18,920,621. There are no shares held in
treasury.
18,920,621 should be used by shareholders as the denominator for
the calculation of notifiable interests in, or change to their
interest in, the Company under the FCA's Disclosure Guidance and
Transparency Rules.
Also on 1 November 2023, 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 GBP860,263 or 142,428
shares (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.
Enquiries:
Secure Trust Bank
David McCreadie, Chief Executive Officer
Mark Stevens, Company Secretary
Phil Clark, Investor Relations
Tel: 0121 693 9100
About the Company:
Secure Trust Bank is an established, well--funded and
capitalised UK retail bank with a 71--year trading track record.
Secure Trust Bank operates principally from its head office in
Solihull, West Midlands, and had 873 employees (full--time
equivalent) as at 30 June 2023. The Group's diversified lending
portfolio currently focuses on two sectors:
(i) Business finance through its Real Estate Finance and
Commercial Finance divisions, and
(ii) Consumer finance through its Vehicle Finance and Retail Finance divisions.
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, Yorke House, Arleston Way, Solihull, B90
4LH.
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END
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