Business
Completion of First Tranche of Share Buyback
Secure Trust Bank PLC has successfully completed the first £5 million tranche of its share buyback programme, repurchasing 323,406 ordinary shares between June 29 and August 5, 2026, at an average price of 1,546.036 pence per share. This buyback, funded by excess capital from the sale of its Consumer Vehicle Finance business, is part of a planned £10 million return to shareholders. The company intends to launch the second £5 million tranche in September 2026. Disclaimer*
About this update from Secure Trust Bank Plc
PRESS RELEASE Secure Trust Bank PLC 6 August 2026 For immediate release SECURE TRUST BANK PLC Completion of First Tranche of Share Buyback Programme Secure Trust Bank PLC (the "Company") announces that the initial £5 million tranche of the share buyback programme announced on 29 June 2026 (the "Buyback Programme") has been completed in accordance with its terms. Between 29 June 2026 and 5 August 2026, the Company repurchased 323,406 ordinary shares at an average price of 1,546.036 pence per share, for an aggregate consideration of approximately £5 million. The Buyback Programme represented the first tranche of the Company's planned £10 million share buyback, intended to return excess capital released from the sale of its Consumer Vehicle Finance business to shareholders alongside its progressive dividend policy. The Board intends to commence the second £5 million tranche of the planned £10 million share buyback programme in September 2026, and a further announcement will be made when it launches. Enquiries: Secure Trust Bank PLC Ian Corfield, Chief Executive Officer Rachel Lawrence, Chief Financial Officer Phil Deakin, Strategy and Corporate Development Director [email protected] Tel: +44 (0)121 693 9100 Investec Bank plc (Joint Broker) Christopher Baird Gordon Hamilton Tel: +44 (0)20 7597 5970 Shore Capital Stockbrokers (Joint Broker) Mark Percy Oliver Jackson Sophie Collins Ansh Batura Tel: +44 (0)20 7408 4090 Camarco Geoffrey Pelham-Lane, Amr ith Uppuluri [email protected] Tel: +44 (0) 7733 124 226, +44 (0) 7763 083 058 About STB 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. STB's diversified lending portfolio focuses on two lending sectors, with multiple product verticals, supported by a strong deposits franchise: (i) Business Finance, and (ii) Retail Finance through its V12 brand. Secure Trust Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Secure Trust Bank PLC, Yorke House, Arleston Way, Solihull, B90 4LH.
View stock analysis, news, and events for Secure Trust Bank Plc