Director/PDMR Shareholding
Secure Trust Bank PLC announced on April 21, 2026, the grant of nil-cost options under its 2017 Long Term Incentive Plan and Deferred Bonus Plan to several Persons Disclosing Material Interests (PDMRs). Ian Corfield received options for 52,192 ordinary shares under the LTIP and 6,045 under the DBP, while Rachel Lawrence received 38,015 LTIP options and 9,410 DBP options. Andrew Phillips was granted 21,929 LTIP options and 2,558 DBP options, Luke Jooste received 13,421 LTIP options, and James Appleby received 7,309 LTIP options. These options are subject to three-year performance conditions and were valued at £13.68 per share, based on the average mid-market price from April 17-20, 2026.
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Grant of awards under the Company's 2017 Long Term Incentive Plan ("LTIP") and the Company's 2017 Deferred Bonus Plan ("DBP")
On 21 April 2026 the Company granted nil-cost options over ordinary shares of 40p each ("Ordinary Shares") under the LTIP to the following PDMRs:
| PDMR | Number of Ordinary Shares over which options granted |
|---|---|
| Ian Corfield | 52,192 |
| Rachel Lawrence | 38,015 |
| Andrew Phillips | 21,929 |
| Luke Jooste | 13,421 |
| James Appleby | 7,309 |
Each option has been granted subject to performance conditions which will be set by the Remuneration Committee in line with the disclosure provided in the Directors Remuneration Report, within the Annual Report for the year ended 31 December 2025, which is available on the Company's website (www.securetrustbank.com/investors). The performance conditions will also include an underpin measure which includes an assessment of general financial performance, shareholder experience, risk management performance and progress against the Group's strategy. The performance period in each case is a period of three years starting on 1 January 2026 and ending 31 December 2028.
Each option 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 or three years from the date of grant. Each option will be released so that the participant is entitled to exercise the vested Ordinary Shares on the vesting date, except in the case of Ian Corfield and Rachel Lawrence when the date of release will be at the end of a holding period which will end on the second anniversary of the vesting date.
The number of shares under each option was set by reference to a value per Ordinary Share of £13.68, which was the 3-day average mid-market price determined between 17 April 2026 to 20 April 2026.
On 21 April 2026 the Company also granted the following awards over Ordinary Shares under the DBP in respect of bonuses earned for the period ended 31 December 2025.
| PDMR | Number of Ordinary Shares subject to DBP award |
|---|---|
| Ian Corfield | 6,045 |
| Rachel Lawrence | 9,410 |
| Andrew Phillips | 2,558 |
Each award has been granted in the form of a nil-cost Option and, subject to the rules of the Plan, will normally vest on:
- on 21 April 2027 as regards one third of the shares subject to it;
- on 21 April 2028 as regards one third of the shares subject to it; and
- on 21 April 2029 as regards one third of the shares subject to it.
| 1. | Details of PDMR / person closely associated with them ("PC A " ) | |
| a) | Name | Ian Corfield |
| 2. | Reason for the notification | |
| a) | Positio n / status | Director |
| b) | Initial notification / amendment | Initial notification |
| 3. | Details of the issuer | |
| a) | Name | Secure Trust Bank PLC |
| b) | LEI | 213800CXIBLC2TMIGI76 |
| a) | Description of the financial instrument, t y pe 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 options over Ordinary Shares under the LTIP and Grant of nil-cost options over Ordinary Shares under the DBP. |
| d) | Price(s) and volume(s) | Price(s) Volume(s) nil 52,192 nil 6,045 |
| e) | Aggregated information - Volume - Price | 58,237 nil |
| f) | Date of the transaction | 21 April 2026 |
| g) | Place of the transaction | Outside a trading venue |
| 1. | Details of PDMR / person closely associated with them ("PC A " ) | |
| a) | Name | Rachel Lawrence |
| 2. | Reason for the notification | |
| a) | Positio n / status | Director |
| b) | Initial notification / amendment | Initial notification |
| 3. | Details of the issuer | |
| a) | Name | Secure Trust Bank PLC |
| b) | LEI | 213800CXIBLC2TMIGI76 |
| a) | Description of the financial instrument, t y pe 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 options over Ordinary Shares under the LTIP and Grant of nil-cost options over Ordinary Shares under the DBP |
| d) | Price(s) and volume(s) | Price(s) Volume(s) nil 38,015 nil 9,410 |
| e) | Aggregated information - Volume - Price | 47,425 nil |
| f) | Date of the transaction | 21 April 2026 |
| g) | Place of the transaction | Outside a trading venue |
| 1. | Details of PDMR / person closely associated with them ("PC A " ) | |
| a) | Name | Andrew Phillips |
| 2. | Reason for the notification | |
| a) | Positio n / status | PDMR |
| b) | Initial notification / amendment | Initial notification |
| 3. | Details of the issuer | |
| a) | Name | Secure Trust Bank PLC |
| b) | LEI | 213800CXIBLC2TMIGI76 |
| a) | Description of the financial instrument, t y pe 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 options over Ordinary Shares under the LTIP and Grant of nil-cost options over Ordinary Shares under the DBP |
| d) | Price(s) and volume(s) | Price(s) Volume(s) nil 21,929 nil 2,558 |
| e) | Aggregated information - Volume - Price | 24,487 nil |
| f) | Date of the transaction | 21 April 2026 |
| g) | Place of the transaction | Outside a trading venue |
| 1. | Details of PDMR / person closely associated with them ("PCA") | |
| a) | Name | Luke Jooste |
| 2. | Reason for the notification | |
| a) | Positio n / status | PDMR |
| b) | Initial notification / amendment | Initial notification |
| 3. | Details of the issuer | |
| a) | Name | Secure Trust Bank PLC |
| b) | LEI | 213800CXIBLC2TMIGI76 |
| a) | Description of the financial instrument, t y pe 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 options over Ordinary Shares under the LTIP |
| d) | Price(s) and volume(s) | Price(s) Volume(s) nil 13,421 |
| e) | Aggregated information - Volume - Price | N/A |
| f) | Date of the transaction | 21 April 2026 |
| g) | Place of the transaction | Outside a trading venue |
| 1. | Details of PDMR / person closely associated with them ("PCA") | |
| a) | Name | James Appleby |
| 2. | Reason for the notification | |
| a) | Positio n / status | PDMR |
| b) | Initial notification / amendment | Initial notification |
| 3. | Details of the issuer | |
| a) | Name | Secure Trust Bank PLC |
| b) | LEI | 213800CXIBLC2TMIGI76 |
| a) | Description of the financial instrument, t y pe 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 options over Ordinary Shares under the LTIP |
| d) | Price(s) and volume(s) | Price(s) Volume(s) nil 7,309 |
| e) | Aggregated information - Volume - Price | N/A |
| f) | Date of the transaction | 21 April 2026 |
| g) | Place of the transaction | Outside a trading venue |
Lisa Daniels
Company Secretary
Secure Trust Bank PLC
STB is an established, well‐funded and capitalised UK retail bank with a more than 72‐year trading track record. STB operates principally from its head office in Solihull, West Midlands. The Group's diversified lending portfolio focuses on two lending sectors supported by a strong deposits franchise:
- Business Finance through its Real Estate Finance and Commercial Finance divisions; and
- Consumer Finance through its V12 Retail Finance division.
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