SECURE TRUST BANK PLC — Director's Dealing 2013

Jul 18, 2013

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RNS Number : 5734J

Secure Trust Bank PLC

18 July 2013

PRESS RELEASE

For immediate release

18 July 2013

Secure Trust Bank PLC

Director's Dealing

In 2011, Secure Trust Bank PLC (the "Company") established a Share Option Scheme (the "Scheme"), with the main features summarised in the Company's Admission Document. 

As set out in the Company's annual report and accounts, the Scheme is currently cash settled.  The Board has exercised its discretion such that exercised options pursuant to the Scheme will now be equity settled.  Effective today, ordinary shares (of 40 pence) in the Company ("Ordinary Shares") will be issued upon the exercise of options granted under the Scheme, with such Ordinary Shares ranking pari passu with the Company's issued Ordinary Shares on the date of exercise, save as regards any rights arising by reference to a record date prior to the date of such exercise. In all other respects the terms of the Scheme remain as previously disclosed.

Paul Lynam, Chief Executive Officer, Neeraj Kapur, Chief Financial Officer and Andrew Salmon, Non-Executive Director, directors of the Company are participants in the Scheme with respectively 283,332, 70,833 and 283,332 of Ordinary Shares subject to share options under the Scheme.

Enquiries: Henry Angest, Non-Executive Chairman	Tel: 020 7012 2400
Andrew Salmon, Non-Executive Director
Paul Lynam, Chief Executive Officer	Tel: 0121 693 9100
Neeraj Kapur, Chief Finance Officer
David Marshall, Director of Communications	Tel: 020 7012 2400
Canaccord Genuity Limited (Nominated Adviser and Broker)	Tel: 020 7665 4500
Roger Lambert
Paul Baines
Sunil Duggal
Lucy Tilley
Pelham Bell Pottinger	Tel: 020 7861 3232
Ben Woodford
Dan de Belder

This information is provided by RNS

The company news service from the London Stock Exchange

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