Secure Trust Bank PLC Grant of Awards Under 2017 Deferred Bonus Plan (6913L)

TIDMSTB

RNS Number : 6913L

Secure Trust Bank PLC

20 April 2018

Secure Trust Bank PLC

20 April 2018

Secure Trust Bank PLC ("the Company")

Grant of Awards under the Company's 2017 Deferred Bonus Plan

On 20 April 2018 the Company granted the following awards over ordinary shares under the 2017 Deferred Bonus Plan (the "Plan") in respect of bonuses earned for the period ended 31 December 2017.

 
 PDMR            Number of ordinary shares 
                  subject to DBP award 
--------------  -------------------------- 
 Paul Lynam      10,493 
--------------  -------------------------- 
 Neeraj Kapur    4,197 
--------------  -------------------------- 
 

Each award has been granted in the form of an Option with an exercise price per Share equal to the nominal value of a share* and, subject to the rules of the Plan will vest:

   --      on 20 April 2019 as regards one third of the shares subject to it; 
   --      20 April 2020 as regards one third of the shares subject to it; and 
   --      20 April 2021 as regards one third of the shares subject to it. 

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

 
 1.   Details of PDMR / person closely associated 
       with them ("PCA") 
---  ----------------------------------------------------------- 
 a)   Name                      Paul Lynam 
---  ------------------------  --------------------------------- 
 2.   Reason for the notification 
---  ----------------------------------------------------------- 
 a)   Position / status         Director 
---  ------------------------  --------------------------------- 
 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            Ordinary shares of 40p each 
       the financial             in Secure Trust Bank PLC. 
       instrument, type 
       of instrument 
---  ------------------------  --------------------------------- 
 b)   Identification            GB00B6TKHP66 
       code 
---  ------------------------  --------------------------------- 
 c)   Nature of the             Grant of nil-cost option over 
       transaction               ordinary shares under the 
                                 Secure Trust Bank 2017 Deferred 
                                 Bonus Plan. 
---  ------------------------  --------------------------------- 
 d)   Price(s) and              Price(s)    Volume(s) 
       volume(s)                ----------  ---------- 
                                 Nil         10,493 
                                ----------  ---------- 
---  ------------------------  --------------------------------- 
 e)   Aggregated information    N/A 
        *    Volume 
 
 
        *    Price 
---  ------------------------  --------------------------------- 
 f)   Date of the transaction   20 April 2018 
---  ------------------------  --------------------------------- 
 g)   Place of the              Outside a trading venue 
       transaction 
---  ------------------------  --------------------------------- 
 
 
 1.   Details of PDMR / person closely associated 
       with them ("PCA") 
---  ----------------------------------------------------------- 
 a)   Name                      Neeraj Kapur 
---  ------------------------  --------------------------------- 
 2.   Reason for the notification 
---  ----------------------------------------------------------- 
 a)   Position / status         Director 
---  ------------------------  --------------------------------- 
 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            Ordinary shares of 40p each 
       the financial             in Secure Trust Bank PLC. 
       instrument, type 
       of instrument 
---  ------------------------  --------------------------------- 
 b)   Identification            GB00B6TKHP66 
       code 
---  ------------------------  --------------------------------- 
 c)   Nature of the             Grant of nil-cost option over 
       transaction               ordinary shares under the 
                                 Secure Trust Bank 2017 Deferred 
                                 Bonus Plan. 
---  ------------------------  --------------------------------- 
 d)   Price(s) and              Price(s)    Volume(s) 
       volume(s)                ----------  ---------- 
                                 Nil         4,197 
                                ----------  ---------- 
---  ------------------------  --------------------------------- 
 e)   Aggregated information    N/A 
        *    Volume 
 
 
        *    Price 
---  ------------------------  --------------------------------- 
 f)   Date of the transaction   20 April 2018 
---  ------------------------  --------------------------------- 
 g)   Place of the              Outside a trading venue 
       transaction 
---  ------------------------  --------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 20, 2018 12:38 ET (16:38 GMT)