SECURE TRUST BANK PLC — Remuneration Information 2018

Apr 20, 2018

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RNS Number : 6894L

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 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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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