Secure Trust Bank Finalizes Buyback of 53,716 Shares in July 2026 Under Ongoing Repurchase Plan

Share Buyback Conducted Over Five Trading Days in July 2026

Secure Trust Bank PLC carried out its share repurchase programme over five consecutive trading days from 13 to 17 July 2026, acquiring a total of 53,716 ordinary shares of 40p each. This activity forms part of the wider buyback initiative announced on 29 June 2026. All purchases were executed on the London Stock Exchange under ticker XLON, facilitated by the appointed broker Shore Capital Stockbrokers Limited.

Daily purchase volumes varied, with 10,273 shares bought on 13 July and 11,487 shares on 17 July. This phased approach reflects a deliberate execution strategy within the parameters of the announced programme. The repurchased shares constitute a small portion of the bank’s overall share capital, demonstrating controlled repurchase activity during this initial tranche.

Price Range and Volume-Weighted Average Price Throughout Repurchase

Prices paid during the repurchase period showed variation. On 13 July 2026, shares were bought between 1,488 and 1,491 pence, with a volume-weighted average price (VWAP) of 1,490.354 pence. The lowest price paid during the entire period was 1,476 pence on 14 July, with that day’s VWAP at 1,486.387 pence.

Share prices trended upward midweek. On 15 July, all shares were purchased at a uniform price of 1,497.36 pence. The highest prices occurred on 16 and 17 July, with a peak of 1,530 pence on 16 July (VWAP 1,511.334 pence) and 1,540.6 pence on 17 July, marking the highest price paid during the five-day window.

Detailed Transaction Breakdown and Individual Purchases

In compliance with Market Abuse Regulation (EU) No 596/2014 as applied in the UK, Secure Trust Bank disclosed detailed individual share purchase transactions during the repurchase period. On 13 July 2026, four purchases totaling 10,273 shares were made, including a 1,500-share order at 11:29 and a 5,000-share block at 14:39.

On 14 July, two transactions totaling 10,384 shares occurred: 7,704 shares at 16:00 priced at 1,490 pence, and 2,680 shares at 15:58 at 1,476 pence. A single purchase of 10,572 shares on 15 July was executed at 15:16 at 1,497.36 pence. The 16 July purchases comprised four transactions totaling 11,000 shares between 09:45 and 16:35, with prices ranging from 1,493 to 1,530 pence. On 17 July, a single large purchase of 11,487 shares was made at 14:32 for 1,540.6 pence per share.

Effect on Voting Share Capital and Shareholder Disclosure

Following cancellation of the 53,716 repurchased shares, Secure Trust Bank confirmed the total ordinary shares with voting rights will be reduced to 18,976,722. This figure is critical for shareholders when calculating notification thresholds under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules. The cancellation results in a direct reduction of the company’s issued share capital, as STB holds no treasury shares.

The precise post-cancellation share count demonstrates the company’s calculated impact of this buyback tranche on its capital structure. Shareholders and market participants will use this updated figure for assessing significant shareholding disclosures under regulatory requirements.

Secure Trust Bank’s Business Model and Market Standing

Secure Trust Bank PLC is a well-capitalised UK retail bank with over 72 years of trading history, headquartered in Solihull, West Midlands. It is authorised by the Prudential Regulation Authority and regulated by both the Financial Conduct Authority and the Prudential Regulation Authority, ensuring compliance with UK banking regulations.

The bank’s business model features a diversified lending portfolio split between Business Finance and Retail Finance, the latter conducted through its V12 brand. These lending verticals are supported by a robust deposits franchise, providing a strong retail deposit base that funds lending activities. This diversified approach balances growth with prudent risk management.

Revenue Streams from Business and Retail Finance Divisions

The Business Finance division offers lending products to business customers, contributing to net interest income and fees across multiple product verticals to mitigate concentration risk. The Retail Finance division, operating under the V12 brand, serves consumer lending needs, generating interest income from retail credit portfolios. Together, these sectors diversify revenue and leverage the bank’s deposits franchise to fund lending at competitive rates.

Context of Share Buyback Programme Announcement

Secure Trust Bank announced its share buyback programme on 29 June 2026, under which the July repurchases were conducted. The 53,716 shares repurchased between 13 and 17 July represent the programme’s initial tranche. The announcement on 20 July 2026 confirmed that further updates will be provided as additional purchases occur, indicating the programme remains active.

Share buybacks are typically used to return value to shareholders when management believes shares are undervalued. The prices paid during this period, from 1,476 to 1,540.6 pence, reflect management’s valuation judgment. Continued buyback activity suggests confidence in deploying capital through share repurchases at current market prices.

Regulatory Compliance and Market Abuse Regulation Disclosures

Secure Trust Bank’s detailed disclosure of repurchase transactions complies with Market Abuse Regulation (EU) No 596/2014 as applied in the UK. The bank provided transaction dates, volumes, prices, and execution venues with granular detail, including specific times for each purchase.

Shore Capital Stockbrokers Limited served as the executing broker for all purchases on the London Stock Exchange (XLON). Transactions were spread throughout trading hours, from early morning to late afternoon, reflecting a strategy to minimise market impact consistent with regulatory expectations for orderly buyback programmes.

Outlook for Future Buyback Activity and Investor Considerations

Secure Trust Bank has stated it will announce further repurchases under the buyback programme as they occur. The initial 53,716 shares repurchased represent only the first phase, with no disclosed total target or timeline for programme completion, leaving scope for significant additional buybacks.

Investors should monitor ongoing announcements detailing share repurchases, price ranges, and impacts on voting share capital. Progressive share cancellations could enhance earnings per share if profits remain stable. Future buyback pacing will depend on management’s assessment of share valuations and capital position.