Completion of First Tranche of Share Buyback

Summary by AI BETAClose X

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*

Secure Trust Bank PLC
06 August 2026
 

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

ir@securetrustbank.co.uk   

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, Amrith Uppuluri

securetrustbank@camarco.co.uk

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.

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 

Companies

Secure Trust Bank (STB)
UK 100
FTSE quotes by TradingView

Latest directors dealings

All directors dealings today