Secure Trust Bank PLC Grant of awards under the Company's 2017 LTIP (2526H)
June 06 2017 - 3:57AM
UK Regulatory
TIDMSTB
RNS Number : 2526H
Secure Trust Bank PLC
06 June 2017
Secure Trust Bank PLC (the "Company")
Grant of awards under the Company's 2017 Long Term Incentive
Plan ("LTIP")
On 01 June 2017 Secure Trust Bank PLC granted awards over
ordinary shares ("Ordinary Shares") under the LTIP to the following
PDMRs:
Number of Ordinary
Shares over which
PDMR award granted Exercise price*
--------------- ------------------- ---------------------
Paul Lynam 26,335 GBP0.40 per Ordinary
Share
--------------- ------------------- ---------------------
Neeraj Kapur 7,132 GBP0.40 per Ordinary
Share
--------------- ------------------- ---------------------
Kevin Hayes 4,389 GBP0.40 per Ordinary
Share
--------------- ------------------- ---------------------
David Nield 4,389 GBP0.40 per Ordinary
Share
--------------- ------------------- ---------------------
Jon Bowers 3,292 GBP0.40 per Ordinary
Share
--------------- ------------------- ---------------------
Anne McKenning 3,292 GBP0.40 per Ordinary
Share
--------------- ------------------- ---------------------
Roy Aston 1,811 GBP0.40 per Ordinary
Share
--------------- ------------------- ---------------------
Adrian Walters 1,920 GBP0.40 per Ordinary
Share
--------------- ------------------- ---------------------
Alan Karter 841 GBP0.40 per Ordinary
Share
--------------- ------------------- ---------------------
Nick Davies 3,292 GBP0.40 per Ordinary
Share
--------------- ------------------- ---------------------
Nick Shepherd 878 GBP0.40 per Ordinary
Share
--------------- ------------------- ---------------------
Esther Morley 3,292 GBP0.40 per Ordinary
Share
--------------- ------------------- ---------------------
Paul Kilbride 658 GBP0.40 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 2017 (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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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