Secure Trust Bank PLC
20 April 2018
Secure Trust Bank PLC (the "Company")
Grant of awards under the Company's 2017 Long Term Incentive Plan ("LTIP")
On 20 April 2018 Secure Trust Bank PLC granted awards over ordinary shares ("Ordinary Shares") under the LTIP to the following PDMRs:
PDMR |
Number of Ordinary Shares over which award granted |
Exercise price* |
Paul Lynam |
20,986 |
£0.40 per Ordinary Share |
Neeraj Kapur |
9,443 |
£0.40 per Ordinary Share |
Kevin Hayes |
5,246 |
£0.40 per Ordinary Share |
David Nield |
5,246 |
£0.40 per Ordinary Share |
Jon Bowers |
3,934 |
£0.40 per Ordinary Share |
Anne McKenning |
4,459 |
£0.40 per Ordinary Share |
Roy Aston |
2,623 |
£0.40 per Ordinary Share |
Adrian Walters |
2,360 |
£0.40 per Ordinary Share |
Alan Karter |
4,459 |
£0.40 per Ordinary Share |
Nick Davies |
12,067 |
£0.40 per Ordinary Share |
Nick Shepherd |
1,573 |
£0.40 per Ordinary Share |
Esther Morley |
1,573 |
£0.40 per Ordinary Share |
Paul Kilbride |
1,049 |
£0.40 per Ordinary Share |
Matt Talty |
786 |
£0.40 per Ordinary Share |
*In accordance with the terms of the awards, the exercise price payable may be waived before exercise.
Each award has been granted subject to performance conditions based on: (1) compound annual growth in Earnings Per Share over a three 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).
Each 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. Each award will be released so that the participant is entitled to acquire the vested Ordinary Shares on the vesting date except in the case of Paul Lynam and Neeraj Kapur when the date of release will be at the end of a holding period which shall end on the second anniversary of the vesting date.
1. |
Details of PDMR / person closely associated with them ("PCA") |
a) |
Name |
Paul Lynam |
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 |
Grant of nil-cost option over ordinary shares under the Secure Trust Bank 2017 Long Term Incentive Plan |
d) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
Nil |
20,986 |
|
e) |
Aggregated information - Volume - Price |
N/A |
f) |
Date of the transaction |
20 April 2018 |
g) |
Place of the transaction |
Outside a trading venue |
1. |
Details of PDMR / person closely associated with them ("PCA") |
a) |
Name |
Neeraj Kapur |
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 |
Grant of nil-cost option over ordinary shares under the Secure Trust Bank 2017 Long Term Incentive Plan |
d) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
Nil |
9,443 |
|
e) |
Aggregated information - Volume - Price |
N/A |
f) |
Date of the transaction |
20 April 2018 |
g) |
Place of the transaction |
Outside a trading venue |
1. |
Details of PDMR / person closely associated with them ("PCA") |
a) |
Name |
Kevin Hayes |
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 |
Grant of nil-cost option over ordinary shares under the Secure Trust Bank 2017 Long Term Incentive Plan |
d) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
Nil |
5,246 |
|
e) |
Aggregated information - Volume - Price |
N/A |
f) |
Date of the transaction |
20 April 2018 |
g) |
Place of the transaction |
Outside a trading venue |
1. |
Details of PDMR / person closely associated with them ("PCA") |
a) |
Name |
David Nield |
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 |
Grant of nil-cost option over ordinary shares under the Secure Trust Bank 2017 Long Term Incentive Plan |
d) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
Nil |
5,246 |
|
e) |
Aggregated information - Volume - Price |
N/A |
f) |
Date of the transaction |
20 April 2018 |
g) |
Place of the transaction |
Outside a trading venue |
1. |
Details of PDMR / person closely associated with them ("PCA") |
a) |
Name |
Jon Bowers |
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 |
Grant of nil-cost option over ordinary shares under the Secure Trust Bank 2017 Long Term Incentive Plan |
d) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
Nil |
3,934 |
|
e) |
Aggregated information - Volume - Price |
N/A |
f) |
Date of the transaction |
20 April 2018 |
g) |
Place of the transaction |
Outside a trading venue |
1. |
Details of PDMR / person closely associated with them ("PCA") |
a) |
Name |
Anne McKenning |
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 |
Grant of nil-cost option over ordinary shares under the Secure Trust Bank 2017 Long Term Incentive Plan |
d) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
Nil |
4,459 |
|
e) |
Aggregated information - Volume - Price |
N/A |
f) |
Date of the transaction |
20 April 2018 |
g) |
Place of the transaction |
Outside a trading venue |
1. |
Details of PDMR / person closely associated with them ("PCA") |
a) |
Name |
Roy Aston |
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 |
Grant of nil-cost option over ordinary shares under the Secure Trust Bank 2017 Long Term Incentive Plan |
d) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
Nil |
2,623 |
|
e) |
Aggregated information - Volume - Price |
N/A |
f) |
Date of the transaction |
20 April 2018 |
g) |
Place of the transaction |
Outside a trading venue |
1. |
Details of PDMR / person closely associated with them ("PCA") |
a) |
Name |
Adrian Walters |
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 |
Grant of nil-cost option over ordinary shares under the Secure Trust Bank 2017 Long Term Incentive Plan |
d) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
Nil |
2,360 |
|
e) |
Aggregated information - Volume - Price |
N/A |
f) |
Date of the transaction |
20 April 2018 |
g) |
Place of the transaction |
Outside a trading venue |
1. |
Details of PDMR / person closely associated with them ("PCA") |
a) |
Name |
Alan Karter |
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 |
Grant of nil-cost option over ordinary shares under the Secure Trust Bank 2017 Long Term Incentive Plan |
d) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
Nil |
4,459 |
|
e) |
Aggregated information - Volume - Price |
N/A |
f) |
Date of the transaction |
20 April 2018 |
g) |
Place of the transaction |
Outside a trading venue |
1. |
Details of PDMR / person closely associated with them ("PCA") |
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 |
Ordinary shares of 40p each in Secure Trust Bank PLC. |
b) |
Identification code |
GB00B6TKHP66 |
c) |
Nature of the transaction |
Grant of nil-cost option over ordinary shares under the Secure Trust Bank 2017 Long Term Incentive Plan |
d) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
Nil |
12,067 |
|
e) |
Aggregated information - Volume - Price |
N/A |
f) |
Date of the transaction |
20 April 2018 |
g) |
Place of the transaction |
Outside a trading venue |
1. |
Details of PDMR / person closely associated with them ("PCA") |
a) |
Name |
Nick Shepherd |
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 |
Grant of nil-cost option over ordinary shares under the Secure Trust Bank 2017 Long Term Incentive Plan |
d) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
Nil |
1,573 |
|
e) |
Aggregated information - Volume - Price |
N/A |
f) |
Date of the transaction |
20 April 2018 |
g) |
Place of the transaction |
Outside a trading venue |
1. |
Details of PDMR / person closely associated with them ("PCA") |
a) |
Name |
Esther Morley |
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 |
Grant of nil-cost option over ordinary shares under the Secure Trust Bank 2017 Long Term Incentive Plan |
d) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
Nil |
1,573 |
|
e) |
Aggregated information - Volume - Price |
N/A |
f) |
Date of the transaction |
20 April 2018 |
g) |
Place of the transaction |
Outside a trading venue |
1. |
Details of PDMR / person closely associated with them ("PCA") |
a) |
Name |
Paul Kilbride |
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 |
Grant of nil-cost option over ordinary shares under the Secure Trust Bank 2017 Long Term Incentive Plan |
d) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
Nil |
1,049 |
|
e) |
Aggregated information - Volume - Price |
N/A |
f) |
Date of the transaction |
20 April 2018 |
g) |
Place of the transaction |
Outside a trading venue |
1. |
Details of PDMR / person closely associated with them ("PCA") |
a) |
Name |
Matt Talty |
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 |
Grant of nil-cost option over ordinary shares under the Secure Trust Bank 2017 Long Term Incentive Plan |
d) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
Nil |
786 |
|
e) |
Aggregated information - Volume - Price |
N/A |
f) |
Date of the transaction |
20 April 2018 |
g) |
Place of the transaction |
Outside a trading venue |
