TIDMSTB

RNS Number : 0636D

Secure Trust Bank PLC

23 October 2020

PRESS RELEASE

Secure Trust Bank PLC

LEI: 213800CXIBLC2TMIGI76

23 October 2020

For immediate release

Secure Trust Bank PLC (the "Company")

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

On 22 October 2020 the Company granted awards over ordinary shares ("Ordinary Shares") under the LTIP to the following PDMRs:

 
                      Number of Ordinary 
                    Shares over which award 
 PDMR                       granted                 Exercise price 
 Paul Lynam                 91,837            GBP0.40 per Ordinary Share 
                  -------------------------  --------------------------- 
 Rachel Lawrence            10,204            GBP0.40 per Ordinary Share 
                  -------------------------  --------------------------- 
 Kevin Hayes                17,857            GBP0.40 per Ordinary Share 
                  -------------------------  --------------------------- 
 David Nield                17,857            GBP0.40 per Ordinary Share 
                  -------------------------  --------------------------- 
 Jon Bowers                 14,286            GBP0.40 per Ordinary Share 
                  -------------------------  --------------------------- 
 Anne McKenning             9,184             GBP0.40 per Ordinary Share 
                  -------------------------  --------------------------- 
 Roy Aston                  6,122             GBP0.40 per Ordinary Share 
                  -------------------------  --------------------------- 
 Adrian Walters             6,122             GBP0.40 per Ordinary Share 
                  -------------------------  --------------------------- 
 Paul Kilbride              2,041             GBP0.40 per Ordinary Share 
                  -------------------------  --------------------------- 
 Nick Davies                17,857            GBP0.40 per Ordinary Share 
                  -------------------------  --------------------------- 
 Nick Shepherd              3,061             GBP0.40 per Ordinary Share 
                  -------------------------  --------------------------- 
 Alan Karter                9,184             GBP0.40 per Ordinary Share 
                  -------------------------  --------------------------- 
 David Mercer               6,122             GBP0.40 per Ordinary Share 
                  -------------------------  --------------------------- 
 John Bevan                 5,102             GBP0.40 per Ordinary Share 
                  -------------------------  --------------------------- 
 

The number of shares under each award was set by reference to a value per Ordinary Share of GBP9.80. GBP9.80 is a year to date average determined in late September 2020.

Each award has been granted subject to performance conditions based on sliding scale measures of: (1) the Company's total shareholder return over the performance period (see below) relative to the total shareholder return of a group of eight comparator companies over the same period; (2) the Company's total shareholder return over the performance period relative to the total shareholder return performance of the current constituent companies of the FTSE Small Cap Index (excluding investment trusts) over the same period ; (3) the compound annual rate of growth of the Company's total shareholder return over the performance period (20% p.a. for threshold vesting, to 40% p.a. for full vesting of this element); and (4) an assessment of the Company's approach to risk management over the performance period.

The performance conditions also include an underpin measure in respect of the total shareholder return elements, which includes an assessment of general financial performance, shareholder experience and risk management performance.

The performance period in each case is a period of three years starting on 1 October 2020 and ending with 30 September 2023 except in the case of the award to John Bevan. Mr Bevan's award is structured so as to comprise three equal tranches, with respective performance periods of one year, two years and three years respectively each starting on 1 October 2020.

Each of the four performance conditions noted above accounts for 25% of the award (or tranche as relevant).

Each award (or tranche as relevant) will, ordinarily, vest on the date on which the Company's Remuneration Committee of the Board of Directors, determines the extent to which the performance conditions have been satisfied. Each award (or tranche as relevant) 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 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.

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)   Positio n / status          Director/PDMR 
     --------------------------  ---------------------------------------- 
 b)   Initial notification        Initial notification 
       / amendment 
     --------------------------  ---------------------------------------- 
 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          Ordinary shares of 40p each in Secure 
       financial instrument,       Trust Bank PLC. 
       t ype of instrument 
     --------------------------  ---------------------------------------- 
 b)   Identification code         GB00B6TKHP66 
     --------------------------  ---------------------------------------- 
 c)   Nature of the transaction   Grant of nominal-cost option over 
                                   ordinary shares under the Secure Trust 
                                   Bank 2017 Long Term Incentive Plan 
     --------------------------  ---------------------------------------- 
 d)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                   Nil         91,837 
                                              ---------- 
     --------------------------  ---------------------------------------- 
 e)   Aggregated information      N/A 
        *    Volume 
 
 
        *    Price 
     --------------------------  ---------------------------------------- 
 f)   Date of the transaction     22 October 2020 
     --------------------------  ---------------------------------------- 
 g)   Place of the transaction    Outside a trading venue 
     --------------------------  ---------------------------------------- 
 
 
 1.   Details of PDMR / person closely associated with them 
       ("PCA ") 
 a)   Name                        Rachel Lawrence 
     --------------------------  ---------------------------------------- 
 2.   Reason for the notification 
     -------------------------------------------------------------------- 
 a)   Positio n / status          Director/PDMR 
     --------------------------  ---------------------------------------- 
 b)   Initial notification        Initial notification 
       / amendment 
     --------------------------  ---------------------------------------- 
 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          Ordinary shares of 40p each in Secure 
       financial instrument,       Trust Bank PLC. 
       t ype of instrument 
     --------------------------  ---------------------------------------- 
 b)   Identification code         GB00B6TKHP66 
     --------------------------  ---------------------------------------- 
 c)   Nature of the transaction   Grant of nominal-cost option over 
                                   ordinary shares under the Secure Trust 
                                   Bank 2017 Long Term Incentive Plan 
     --------------------------  ---------------------------------------- 
 d)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                   Nil         10,024 
                                              ---------- 
     --------------------------  ---------------------------------------- 
 e)   Aggregated information      N/A 
        *    Volume 
 
 
        *    Price 
     --------------------------  ---------------------------------------- 
 f)   Date of the transaction     22 October 2020 
     --------------------------  ---------------------------------------- 
 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)   Positio n / status          PDMR 
     --------------------------  ---------------------------------------- 
 b)   Initial notification        Initial notification 
       / amendment 
     --------------------------  ---------------------------------------- 
 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          Ordinary shares of 40p each in Secure 
       financial instrument,       Trust Bank PLC. 
       t ype of instrument 
     --------------------------  ---------------------------------------- 
 b)   Identification code         GB00B6TKHP66 
     --------------------------  ---------------------------------------- 
 c)   Nature of the transaction   Grant of nominal-cost option over 
                                   ordinary shares under the Secure Trust 
                                   Bank 2017 Long Term Incentive Plan 
     --------------------------  ---------------------------------------- 
 d)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                   Nil         17,857 
                                              ---------- 
     --------------------------  ---------------------------------------- 
 e)   Aggregated information      N/A 
        *    Volume 
 
 
        *    Price 
     --------------------------  ---------------------------------------- 
 f)   Date of the transaction     22 October 2020 
     --------------------------  ---------------------------------------- 
 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)   Positio n / status          PDMR 
     --------------------------  ---------------------------------------- 
 b)   Initial notification        Initial notification 
       / amendment 
     --------------------------  ---------------------------------------- 
 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          Ordinary shares of 40p each in Secure 
       financial instrument,       Trust Bank PLC. 
       t ype of instrument 
     --------------------------  ---------------------------------------- 
 b)   Identification code         GB00B6TKHP66 
     --------------------------  ---------------------------------------- 
 c)   Nature of the transaction   Grant of nominal-cost option over 
                                   ordinary shares under the Secure Trust 
                                   Bank 2017 Long Term Incentive Plan 
     --------------------------  ---------------------------------------- 
 d)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                   Nil         17,857 
                                              ---------- 
     --------------------------  ---------------------------------------- 
 e)   Aggregated information      N/A 
        *    Volume 
 
 
        *    Price 
     --------------------------  ---------------------------------------- 
 f)   Date of the transaction     22 October 2020 
     --------------------------  ---------------------------------------- 
 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)   Positio n / status          PDMR 
     --------------------------  ---------------------------------------- 
 b)   Initial notification        Initial notification 
       / amendment 
     --------------------------  ---------------------------------------- 
 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          Ordinary shares of 40p each in Secure 
       financial instrument,       Trust Bank PLC. 
       t ype of instrument 
     --------------------------  ---------------------------------------- 
 b)   Identification code         GB00B6TKHP66 
     --------------------------  ---------------------------------------- 
 c)   Nature of the transaction   Grant of nominal-cost option over 
                                   ordinary shares under the Secure Trust 
                                   Bank 2017 Long Term Incentive Plan 
     --------------------------  ---------------------------------------- 
 d)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                   Nil         14,286 
                                              ---------- 
     --------------------------  ---------------------------------------- 
 e)   Aggregated information      N/A 
        *    Volume 
 
 
        *    Price 
     --------------------------  ---------------------------------------- 
 f)   Date of the transaction     22 October 2020 
     --------------------------  ---------------------------------------- 
 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)   Positio n / status          PDMR 
     --------------------------  ---------------------------------------- 
 b)   Initial notification        Initial notification 
       / amendment 
     --------------------------  ---------------------------------------- 
 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          Ordinary shares of 40p each in Secure 
       financial instrument,       Trust Bank PLC. 
       t ype of instrument 
     --------------------------  ---------------------------------------- 
 b)   Identification code         GB00B6TKHP66 
     --------------------------  ---------------------------------------- 
 c)   Nature of the transaction   Grant of nominal-cost option over 
                                   ordinary shares under the Secure Trust 
                                   Bank 2017 Long Term Incentive Plan 
     --------------------------  ---------------------------------------- 
 d)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                   Nil         9,184 
                                              ---------- 
     --------------------------  ---------------------------------------- 
 e)   Aggregated information      N/A 
        *    Volume 
 
 
        *    Price 
     --------------------------  ---------------------------------------- 
 f)   Date of the transaction     22 October 2020 
     --------------------------  ---------------------------------------- 
 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)   Positio n / status          PDMR 
     --------------------------  ---------------------------------------- 
 b)   Initial notification        Initial notification 
       / amendment 
     --------------------------  ---------------------------------------- 
 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          Ordinary shares of 40p each in Secure 
       financial instrument,       Trust Bank PLC. 
       t ype of instrument 
     --------------------------  ---------------------------------------- 
 b)   Identification code         GB00B6TKHP66 
     --------------------------  ---------------------------------------- 
 c)   Nature of the transaction   Grant of nominal-cost option over 
                                   ordinary shares under the Secure Trust 
                                   Bank 2017 Long Term Incentive Plan 
     --------------------------  ---------------------------------------- 
 d)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                   Nil         6,122 
                                              ---------- 
     --------------------------  ---------------------------------------- 
 e)   Aggregated information      N/A 
        *    Volume 
 
 
        *    Price 
     --------------------------  ---------------------------------------- 
 f)   Date of the transaction     22 October 2020 
     --------------------------  ---------------------------------------- 
 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)   Positio n / status          PDMR 
     --------------------------  ---------------------------------------- 
 b)   Initial notification        Initial notification 
       / amendment 
     --------------------------  ---------------------------------------- 
 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          Ordinary shares of 40p each in Secure 
       financial instrument,       Trust Bank PLC. 
       t ype of instrument 
     --------------------------  ---------------------------------------- 
 b)   Identification code         GB00B6TKHP66 
     --------------------------  ---------------------------------------- 
 c)   Nature of the transaction   Grant of nominal-cost option over 
                                   ordinary shares under the Secure Trust 
                                   Bank 2017 Long Term Incentive Plan 
     --------------------------  ---------------------------------------- 
 d)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                   Nil         6,122 
                                              ---------- 
     --------------------------  ---------------------------------------- 
 e)   Aggregated information      N/A 
        *    Volume 
 
 
        *    Price 
     --------------------------  ---------------------------------------- 
 f)   Date of the transaction     22 October 2020 
     --------------------------  ---------------------------------------- 
 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)   Positio n / status          PDMR 
     --------------------------  ---------------------------------------- 
 b)   Initial notification        Initial notification 
       / amendment 
     --------------------------  ---------------------------------------- 
 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          Ordinary shares of 40p each in Secure 
       financial instrument,       Trust Bank PLC. 
       t ype of instrument 
     --------------------------  ---------------------------------------- 
 b)   Identification code         GB00B6TKHP66 
     --------------------------  ---------------------------------------- 
 c)   Nature of the transaction   Grant of nominal-cost option over 
                                   ordinary shares under the Secure Trust 
                                   Bank 2017 Long Term Incentive Plan 
     --------------------------  ---------------------------------------- 
 d)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                   Nil         2,041 
                                              ---------- 
     --------------------------  ---------------------------------------- 
 e)   Aggregated information      N/A 
        *    Volume 
 
 
        *    Price 
     --------------------------  ---------------------------------------- 
 f)   Date of the transaction     22 October 2020 
     --------------------------  ---------------------------------------- 
 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)   Positio n / status          PDMR 
     --------------------------  ---------------------------------------- 
 b)   Initial notification        Initial notification 
       / amendment 
     --------------------------  ---------------------------------------- 
 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          Ordinary shares of 40p each in Secure 
       financial instrument,       Trust Bank PLC. 
       t ype of instrument 
     --------------------------  ---------------------------------------- 
 b)   Identification code         GB00B6TKHP66 
     --------------------------  ---------------------------------------- 
 c)   Nature of the transaction   Grant of nominal-cost option over 
                                   ordinary shares under the Secure Trust 
                                   Bank 2017 Long Term Incentive Plan 
     --------------------------  ---------------------------------------- 
 d)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                   Nil         17,857 
                                              ---------- 
     --------------------------  ---------------------------------------- 
 e)   Aggregated information      N/A 
        *    Volume 
 
 
        *    Price 
     --------------------------  ---------------------------------------- 
 f)   Date of the transaction     22 October 2020 
     --------------------------  ---------------------------------------- 
 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)   Positio n / status          PDMR 
     --------------------------  ---------------------------------------- 
 b)   Initial notification        Initial notification 
       / amendment 
     --------------------------  ---------------------------------------- 
 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          Ordinary shares of 40p each in Secure 
       financial instrument,       Trust Bank PLC. 
       t ype of instrument 
     --------------------------  ---------------------------------------- 
 b)   Identification code         GB00B6TKHP66 
     --------------------------  ---------------------------------------- 
 c)   Nature of the transaction   Grant of nominal-cost option over 
                                   ordinary shares under the Secure Trust 
                                   Bank 2017 Long Term Incentive Plan 
     --------------------------  ---------------------------------------- 
 d)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                   Nil         3,061 
                                              ---------- 
     --------------------------  ---------------------------------------- 
 e)   Aggregated information      N/A 
        *    Volume 
 
 
        *    Price 
     --------------------------  ---------------------------------------- 
 f)   Date of the transaction     22 October 2020 
     --------------------------  ---------------------------------------- 
 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)   Positio n / status          PDMR 
     --------------------------  ---------------------------------------- 
 b)   Initial notification        Initial notification 
       / amendment 
     --------------------------  ---------------------------------------- 
 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          Ordinary shares of 40p each in Secure 
       financial instrument,       Trust Bank PLC. 
       t ype of instrument 
     --------------------------  ---------------------------------------- 
 b)   Identification code         GB00B6TKHP66 
     --------------------------  ---------------------------------------- 
 c)   Nature of the transaction   Grant of nominal-cost option over 
                                   ordinary shares under the Secure Trust 
                                   Bank 2017 Long Term Incentive Plan 
     --------------------------  ---------------------------------------- 
 d)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                   Nil         9,184 
                                              ---------- 
     --------------------------  ---------------------------------------- 
 e)   Aggregated information      N/A 
        *    Volume 
 
 
        *    Price 
     --------------------------  ---------------------------------------- 
 f)   Date of the transaction     22 October 2020 
     --------------------------  ---------------------------------------- 
 g)   Place of the transaction    Outside a trading venue 
     --------------------------  ---------------------------------------- 
 
 
 1.   Details of PDMR / person closely associated with them 
       ("PCA ") 
 a)   Name                        David Mercer 
     --------------------------  ---------------------------------------- 
 2.   Reason for the notification 
     -------------------------------------------------------------------- 
 a)   Positio n / status          PDMR 
     --------------------------  ---------------------------------------- 
 b)   Initial notification        Initial notification 
       / amendment 
     --------------------------  ---------------------------------------- 
 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          Ordinary shares of 40p each in Secure 
       financial instrument,       Trust Bank PLC. 
       t ype of instrument 
     --------------------------  ---------------------------------------- 
 b)   Identification code         GB00B6TKHP66 
     --------------------------  ---------------------------------------- 
 c)   Nature of the transaction   Grant of nominal-cost option over 
                                   ordinary shares under the Secure Trust 
                                   Bank 2017 Long Term Incentive Plan 
     --------------------------  ---------------------------------------- 
 d)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                   Nil         6,122 
                                              ---------- 
     --------------------------  ---------------------------------------- 
 e)   Aggregated information      N/A 
        *    Volume 
 
 
        *    Price 
     --------------------------  ---------------------------------------- 
 f)   Date of the transaction     22 October 2020 
     --------------------------  ---------------------------------------- 
 g)   Place of the transaction    Outside a trading venue 
     --------------------------  ---------------------------------------- 
 
 
 1.   Details of PDMR / person closely associated with them 
       ("PCA ") 
 a)   Name                        John Bevan 
     --------------------------  ---------------------------------------- 
 2.   Reason for the notification 
     -------------------------------------------------------------------- 
 a)   Positio n / status          PDMR 
     --------------------------  ---------------------------------------- 
 b)   Initial notification        Initial notification 
       / amendment 
     --------------------------  ---------------------------------------- 
 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          Ordinary shares of 40p each in Secure 
       financial instrument,       Trust Bank PLC. 
       t ype of instrument 
     --------------------------  ---------------------------------------- 
 b)   Identification code         GB00B6TKHP66 
     --------------------------  ---------------------------------------- 
 c)   Nature of the transaction   Grant of nominal-cost options over 
                                   ordinary shares under the Secure Trust 
                                   Bank 2017 Long Term Incentive Plan 
     --------------------------  ---------------------------------------- 
 d)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                   Nil         5,102 
                                              ---------- 
     --------------------------  ---------------------------------------- 
 e)   Aggregated information      N/A 
        *    Volume 
 
 
        *    Price 
     --------------------------  ---------------------------------------- 
 f)   Date of the transaction    22 October 2020 
     --------------------------  ---------------------------------------- 
 g)   Place of the transaction    Outside a trading venue 
     --------------------------  ---------------------------------------- 
 

Mark Stevens

Company Secretary

Secure Trust Bank PLC

+44 121 693 9100

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END

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October 23, 2020 08:55 ET (12:55 GMT)

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