Completion of First Tranche of Share Buyback
First £5m tranche of £10m share buyback programme completed.
- First tranche repurchased 323,406 shares
- Average price paid 1,546.036 pence per share
- First tranche aggregate consideration approximately £5 million
- Total planned buyback £10 million
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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.
- Business Finance, and
- Retail Finance through its V12 brand.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.