Completion of Share Buyback Programme

Summary by AI BETAClose X

Secure Trust Bank PLC has completed its full £10 million share buyback programme, with the second £5 million tranche concluding on October 20, 2026. Between September 7 and October 20, 2026, the company repurchased 331,134 ordinary shares at an average price of 1509.361 pence per share, for approximately £5 million. Overall, the programme resulted in the repurchase of 654,540 shares at an average price of 1527.790 pence per share, intended to return excess capital to shareholders following the sale of its Consumer Vehicle Finance business.

Disclaimer*

Secure Trust Bank PLC
21 October 2026
 

PRESS RELEASE

Secure Trust Bank PLC

21 October 2026

For immediate release

 

 

SECURE TRUST BANK PLC

 

Completion of Share Buyback Programme

Secure Trust Bank PLC (the "Company") announces that the second £5 million tranche of its £10 million  share buyback programme announced on 7 September 2026  has been completed in accordance with its terms. This concludes the full £10 million share buyback programme announced on 29 June 2026.

Between 7 September 2026 and 20 October 2026, the Company repurchased 331,134 ordinary shares in aggregate at an average price of 1509.361 pence per share, for an aggregate consideration of approximately £5 million.

Overall, the £10 million share buyback programme resulted in the repurchase of 654,540 ordinary shares at an average price of 1527.790 pence per share.

The Company's planned £10 million share buyback was intended to return excess capital, released from the sale of its Consumer Vehicle Finance business to shareholders alongside its progressive dividend policy.

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.

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