Secure Trust Bank has completed its £10m share buyback programme following the repurchase of a further £5m of shares.
The specialist bank repurchased 331,134 ordinary shares between 7 September and 20 October at an average price of 1,509.361p per share.
The purchases represented the second £5m tranche of the programme and brought the buyback, originally announced in June, to a close.
In total, Secure Trust Bank repurchased 654,540 ordinary shares at an average price of 1,527.790p per share.
EXCESS CAPITAL RETURNED
The bank launched the £10m programme to return excess capital released following the sale of its Consumer Vehicle Finance business to shareholders.
The buyback sits alongside Secure Trust Bank’s progressive dividend policy.
