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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
SECURE TRUST BANK PLC | AQSE:STB.GB | Aquis Stock Exchange | Ordinary Share | GB00B6TKHP66 | Common Stock 40p |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 785.00 | 730.00 | 840.00 | 779.52 | 779.52 | 779.52 | 206 | 15:29:07 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSTB
RNS Number : 9837U
Secure Trust Bank PLC
31 March 2023
PRESS RELEASE
Secure Trust Bank PLC
LEI: 213800CXIBLC2TMIGI76
31 March 2023
For immediate release
Secure Trust Bank PLC (the "Company")
Grant of awards under the Company's 2017 Long Term Incentive Plan ("LTIP")
On 31 March 2023 the Company granted options over ordinary shares ("Ordinary Shares") under the LTIP to the following PDMRs:
Number of Ordinary Shares over which options PDMR granted Exercise price David McCreadie 66,306 GBP0.40 per Ordinary Share --------------------------- --------------------------- Rachel Lawrence 41,619 GBP0.40 per Ordinary Share --------------------------- --------------------------- Nick Davies 18,125 GBP0.40 per Ordinary Share --------------------------- --------------------------- John Bevan 17,168 GBP0.40 per Ordinary Share --------------------------- --------------------------- Geoff Ray 12,692 GBP0.40 per Ordinary Share --------------------------- --------------------------- Julian Hartley 15,000 GBP0.40 per Ordinary Share --------------------------- --------------------------- Katie Docherty 13,849 GBP0.40 per Ordinary Share --------------------------- ---------------------------
The number of shares under each option was set by reference to a value per Ordinary Share of 1,040p, which was the 12 month average mid-market price determined between 1 January to 31 December 2022.
Each option has been granted subject to performance conditions based on sliding scale measures of: (1) the Company's total shareholder return over the performance period relative to the total shareholder return performance of the current constituent companies of the FTSE Small Cap Index (excluding investment trusts) over the same period ; (2) return on average equity (target range of 14% - 16%); (3) earnings per share ('EPS') growth (target range of 3-year compound annual growth rate 20% - 30%, measured from 2022 EPS for continuing businesses); and (4) an assessment of the Company's approach to risk management over the performance period.
The performance conditions also include an underpin measure which includes an assessment of general financial performance, shareholder experience, risk management performance and progress against the Group's strategy .
The performance period in each case is a period of three years starting on 1 January 2023 and ending with 31 December 2025.
Each of the four performance conditions noted above accounts for 25% of the option.
Each option will, ordinarily, vest on the date on which the Company's Remuneration Committee of the Board of Directors, determines the extent to which the performance conditions have been satisfied. Each option will be released so that the participant is entitled to exercise the vested Ordinary Shares on the vesting date except in the case of Rachel Lawrence and David McCreadie 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.
In total 217,307 share options with performance conditions were granted to participants in the LTIP.
In accordance with the terms of the options, the exercise price payable may be waived before exercise.
The Company further granted options over Ordinary Shares without performance conditions but subject only to the participant's continued service through to the applicable vesting date, but with discretion retained for the Remuneration Committee to potentially reduce the award on settlement if it considers appropriate to do so under the LTIP plan to the following PDMRs:
Number of Ordinary Shares over which award PDMR granted Exercise price Chris Harper 7,937 GBP0.40 per Ordinary Share ------------------------- ---------------------------
The number of shares under each option was set by reference to a value per Ordinary Share of 1,040p, which was the 12 month average mid-market price determined between 1 January to 31 December 2022.
In total 63,975 share options without performance conditions were granted to participants in the LTIP.
1. Details of PDMR / person closely associated with them ("PCA ") a) Name David McCreadie -------------------------- ---------------------------------------- 2. Reason for the notification -------------------------------------------------------------------- a) Positio n / status Director/PDMR -------------------------- ---------------------------------------- b) Initial notification Initial notification / amendment -------------------------- ---------------------------------------- 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 Ordinary shares of 40p each in Secure financial instrument, Trust Bank PLC. t ype of instrument -------------------------- ---------------------------------------- b) Identification code GB00B6TKHP66 -------------------------- ---------------------------------------- c) Nature of the transaction Grant of nominal-cost option over ordinary shares under the Secure Trust Bank 2017 Long Term Incentive Plan -------------------------- ---------------------------------------- d) Price(s) and Price(s) Volume(s) volume(s) Nil 66,306 ---------- -------------------------- ---------------------------------------- e) Aggregated information N/A * Volume * Price -------------------------- ---------------------------------------- f) Date of the transaction 31 March 2023 -------------------------- ---------------------------------------- g) Place of the transaction Outside a trading venue -------------------------- ---------------------------------------- 1. Details of PDMR / person closely associated with them ("PCA ") a) Name Rachel Lawrence -------------------------- ---------------------------------------- 2. Reason for the notification -------------------------------------------------------------------- a) Positio n / status Director/PDMR -------------------------- ---------------------------------------- b) Initial notification Initial notification / amendment -------------------------- ---------------------------------------- 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 Ordinary shares of 40p each in Secure financial instrument, Trust Bank PLC. t ype of instrument -------------------------- ---------------------------------------- b) Identification code GB00B6TKHP66 -------------------------- ---------------------------------------- c) Nature of the transaction Grant of nominal-cost option over ordinary shares under the Secure Trust Bank 2017 Long Term Incentive Plan -------------------------- ---------------------------------------- d) Price(s) and Price(s) Volume(s) volume(s) Nil 41,619 ---------- -------------------------- ---------------------------------------- e) Aggregated information N/A * Volume * Price -------------------------- ---------------------------------------- f) Date of the transaction 31 March 2023 -------------------------- ---------------------------------------- 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) Positio n / status PDMR
-------------------------- ---------------------------------------- b) Initial notification Initial notification / amendment -------------------------- ---------------------------------------- 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 Ordinary shares of 40p each in Secure financial instrument, Trust Bank PLC. t ype of instrument -------------------------- ---------------------------------------- b) Identification code GB00B6TKHP66 -------------------------- ---------------------------------------- c) Nature of the transaction Grant of nominal-cost option over ordinary shares under the Secure Trust Bank 2017 Long Term Incentive Plan -------------------------- ---------------------------------------- d) Price(s) and Price(s) Volume(s) volume(s) Nil 18,125 ---------- -------------------------- ---------------------------------------- e) Aggregated information N/A * Volume * Price -------------------------- ---------------------------------------- f) Date of the transaction 31 March 2023 -------------------------- ---------------------------------------- g) Place of the transaction Outside a trading venue -------------------------- ---------------------------------------- 1. Details of PDMR / person closely associated with them ("PCA ") a) Name John Bevan -------------------------- ---------------------------------------- 2. Reason for the notification -------------------------------------------------------------------- a) Positio n / status PDMR -------------------------- ---------------------------------------- b) Initial notification Initial notification / amendment -------------------------- ---------------------------------------- 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 Ordinary shares of 40p each in Secure financial instrument, Trust Bank PLC. t ype of instrument -------------------------- ---------------------------------------- b) Identification code GB00B6TKHP66 -------------------------- ---------------------------------------- c) Nature of the transaction Grant of nominal-cost option over ordinary shares under the Secure Trust Bank 2017 Long Term Incentive Plan -------------------------- ---------------------------------------- d) Price(s) and Price(s) Volume(s) volume(s) Nil 17,168 ---------- -------------------------- ---------------------------------------- e) Aggregated information N/A * Volume * Price -------------------------- ---------------------------------------- f) Date of the transaction 31 March 2023 -------------------------- ---------------------------------------- g) Place of the transaction Outside a trading venue -------------------------- ---------------------------------------- 1. Details of PDMR / person closely associated with them ("PCA") a) Name Geoff Ray -------------------------- ---------------------------------------- 2. Reason for the notification -------------------------------------------------------------------- a) Positio n / status PDMR -------------------------- ---------------------------------------- b) Initial notification Initial notification / amendment -------------------------- ---------------------------------------- 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 Ordinary shares of 40p each in Secure financial instrument, Trust Bank PLC. t ype of instrument -------------------------- ---------------------------------------- b) Identification code GB00B6TKHP66 -------------------------- ---------------------------------------- c) Nature of the transaction Grant of nominal-cost option over ordinary shares under the Secure Trust Bank 2017 Long Term Incentive Plan -------------------------- ---------------------------------------- d) Price(s) and Price(s) Volume(s) volume(s) Nil 12,692 ---------- -------------------------- ---------------------------------------- e) Aggregated information N/A * Volume * Price -------------------------- ---------------------------------------- f) Date of the transaction 31 March 2023 -------------------------- ---------------------------------------- g) Place of the transaction Outside a trading venue -------------------------- ---------------------------------------- 1. Details of PDMR / person closely associated with them ("PCA") a) Name Julian Hartley -------------------------- ---------------------------------------- 2. Reason for the notification -------------------------------------------------------------------- a) Positio n / status PDMR -------------------------- ---------------------------------------- b) Initial notification Initial notification / amendment -------------------------- ---------------------------------------- 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 Ordinary shares of 40p each in Secure financial instrument, Trust Bank PLC. t ype of instrument -------------------------- ---------------------------------------- b) Identification code GB00B6TKHP66 -------------------------- ---------------------------------------- c) Nature of the transaction Grant of nominal-cost option over ordinary shares under the Secure Trust Bank 2017 Long Term Incentive Plan -------------------------- ---------------------------------------- d) Price(s) and Price(s) Volume(s) volume(s) Nil 15,000 ---------- -------------------------- ---------------------------------------- e) Aggregated information N/A * Volume * Price -------------------------- ---------------------------------------- f) Date of the transaction 31 March 2023 -------------------------- ---------------------------------------- g) Place of the transaction Outside a trading venue -------------------------- ---------------------------------------- 1. Details of PDMR / person closely associated with them ("PCA ") a) Name Katie Docherty -------------------------- --------------------------------------- 2. Reason for the notification -------------------------------------------------------------------
a) Positio n / status PDMR -------------------------- --------------------------------------- b) Initial notification Initial notification / amendment -------------------------- --------------------------------------- 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 Ordinary shares of 40p each in Secure financial instrument, Trust Bank PLC. t ype of instrument -------------------------- --------------------------------------- b) Identification code GB00B6TKHP66 -------------------------- --------------------------------------- c) Nature of the transaction Grant of nominal-cost restricted stock option over ordinary shares under the Secure Trust Bank 2017 Long Term Incentive Plan -------------------------- --------------------------------------- d) Price(s) and Price(s) Volume(s) volume(s) Nil 13,849 ---------- -------------------------- --------------------------------------- e) Aggregated information N/A * Volume * Price -------------------------- --------------------------------------- f) Date of the transaction 31 March 2023 -------------------------- --------------------------------------- g) Place of the transaction Outside a trading venue -------------------------- --------------------------------------- 1. Details of PDMR / person closely associated with them ("PCA ") a) Name Chris Harper -------------------------- --------------------------------------- 2. Reason for the notification ------------------------------------------------------------------- a) Positio n / status PDMR -------------------------- --------------------------------------- b) Initial notification Initial notification / amendment -------------------------- --------------------------------------- 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 Ordinary shares of 40p each in Secure financial instrument, Trust Bank PLC. t ype of instrument -------------------------- --------------------------------------- b) Identification code GB00B6TKHP66 -------------------------- --------------------------------------- c) Nature of the transaction Grant of nominal-cost restricted stock option over ordinary shares under the Secure Trust Bank 2017 Long Term Incentive Plan -------------------------- --------------------------------------- d) Price(s) and Price(s) Volume(s) volume(s) Nil 7,937 ---------- -------------------------- --------------------------------------- e) Aggregated information N/A * Volume * Price -------------------------- --------------------------------------- f) Date of the transaction 31 March 2023 -------------------------- --------------------------------------- g) Place of the transaction Outside a trading venue -------------------------- ---------------------------------------
The person responsible for making this announcement is Mark Stevens.
Mark Stevens
Company Secretary
Secure Trust Bank PLC
+44 121 693 9100
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(END) Dow Jones Newswires
March 31, 2023 09:00 ET (13:00 GMT)
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