Grant of Award Under Company 2017 LTIP

Secure Trust Bank PLC

20 April 2018

 

Secure Trust Bank PLC (the "Company")

Grant of award under the Company's 2017 Long Term Incentive Plan ("LTIP")

On 20 April 2018 Secure Trust Bank PLC granted an award over ordinary shares ("Ordinary Shares") under the LTIP to the following PDMR:

PDMR	Number of Ordinary Shares over which award granted	Exercise price*
David Mercer	3,810	£0.40 per Ordinary Share

*In accordance with the terms of the award, the exercise price payable may be waived before exercise.

The award has been granted subject to performance conditions based on: (1) compound annual growth in Earnings Per Share over two year performance period starting with 2018 (as regards 40% of the Ordinary Shares subject to the award); (2) the Company's total shareholder return over that performance period relative to the TSRs of a group of comparator companies (as regards 40% of the Ordinary Shares subject to the award); and (3) an assessment of the Company's approach to risk management over the performance period (as regards 20% of the Ordinary Shares subject to the award).

The award will, ordinarily, vest on the date on which the Company's board of directors determines the extent to which the performance conditions have been satisfied.  The award will be released so that the participant is entitled to acquire the vested Ordinary Shares on the vesting date.

David Mercer joined the Company as Managing Director, Motor on 2 January 2018.  The award to Mr Mercer was made in connection with his recruitment to the Company and to replace awards forfeited by him as a result of his employment by the Company.  The Company and Mr Mercer had agreed the terms of the award at the time of his recruitment in 2017.

Notification and public disclosure of transactions by PDMRs and persons closely associated with them

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	David Mercer
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 £0.40 each.
b)	Identification code	GB00B6TKHP66
c)	Nature of the transaction	Grant of awards over Ordinary Shares under the LTIP
d)	Price(s) and volume(s)	Price(s) Volume(s) N/A 3,810
e)	Aggregated information -     Volume -     Price	N/A
f)	Date of the transaction	20 April 2018
g)	Place of the transaction	Outside a trading venue