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SECURE TRUST BANK PLC — Remuneration Information 2019
Apr 26, 2019
4895_dirs_2019-04-26_27dbb576-c011-416b-a856-8727ebf18f20.html
Remuneration Information
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RNS Number : 1624X
Secure Trust Bank PLC
26 April 2019
Secure Trust Bank PLC
26 April 2019
Secure Trust Bank PLC ("the Company")
Grant of Awards under the Company's 2017 Deferred Bonus Plan
On 25 April 2019 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 2018.
| PDMR | Number of ordinary shares subject to DBP award |
| Paul Lynam | 19,169 |
| Neeraj Kapur | 9,606 |
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 25 April 2020 as regards one third of the shares subject to it;
· 25 April 2021 as regards one third of the shares subject to it; and
· 25 April 2022 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 | 19,169 |
e)
Aggregated information
- Volume
- Price
N/A
f)
Date of the transaction
25 April 2019
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 | 9,606 |
e)
Aggregated information
- Volume
- Price
N/A
f)
Date of the transaction
25 April 2019
g)
Place of the transaction
Outside a trading venue
A J Karter
Company Secretary
Secure Trust Bank PLC
+44 121 693 9100
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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