Secure Trust Bank PLC Grant of awards under the Company's 2017 LTIP (2526H)

TIDMSTB

RNS Number : 2526H

Secure Trust Bank PLC

06 June 2017

Secure Trust Bank PLC (the "Company")

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

On 01 June 2017 Secure Trust Bank PLC granted awards over ordinary shares ("Ordinary Shares") under the LTIP to the following PDMRs:

 
                  Number of Ordinary 
                   Shares over which 
 PDMR                award granted       Exercise price* 
---------------  -------------------  --------------------- 
 Paul Lynam             26,335         GBP0.40 per Ordinary 
                                               Share 
---------------  -------------------  --------------------- 
 Neeraj Kapur            7,132         GBP0.40 per Ordinary 
                                               Share 
---------------  -------------------  --------------------- 
 Kevin Hayes             4,389         GBP0.40 per Ordinary 
                                               Share 
---------------  -------------------  --------------------- 
 David Nield             4,389         GBP0.40 per Ordinary 
                                               Share 
---------------  -------------------  --------------------- 
 Jon Bowers              3,292         GBP0.40 per Ordinary 
                                               Share 
---------------  -------------------  --------------------- 
 Anne McKenning          3,292         GBP0.40 per Ordinary 
                                               Share 
---------------  -------------------  --------------------- 
 Roy Aston               1,811         GBP0.40 per Ordinary 
                                               Share 
---------------  -------------------  --------------------- 
 Adrian Walters          1,920         GBP0.40 per Ordinary 
                                               Share 
---------------  -------------------  --------------------- 
 Alan Karter              841          GBP0.40 per Ordinary 
                                               Share 
---------------  -------------------  --------------------- 
 Nick Davies             3,292         GBP0.40 per Ordinary 
                                               Share 
---------------  -------------------  --------------------- 
 Nick Shepherd            878          GBP0.40 per Ordinary 
                                               Share 
---------------  -------------------  --------------------- 
 Esther Morley           3,292         GBP0.40 per Ordinary 
                                               Share 
---------------  -------------------  --------------------- 
 Paul Kilbride            658          GBP0.40 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 2017 (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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 06, 2017 03:57 ET (07:57 GMT)