SECURE TRUST BANK PLC — Remuneration Information 2018

Apr 20, 2018

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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 / 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 Deferred Bonus Plan.

d)

Price(s) and

volume(s)

Price(s)	Volume(s)
Nil	10,493

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

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 Deferred Bonus Plan.

d)

Price(s) and

volume(s)

Price(s)	Volume(s)
Nil	4,197

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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