Funding Circle Announces New Share Buyback Programme

Funding Circle Holdings plc has completed a £25 million share buyback programme, acquiring 27,308,339 ordinary shares, representing 7.56% of its issued capital. Following the cancellation of these shares, the total number of ordinary shares now stands at 333,994,804.

The company has initiated a further buyback programme worth up to £25 million. Managed by Investec Bank plc, the programme will adhere to trading conditions set by UK law and Financial Conduct Authority's Listing Rules. The buyback aims to acquire shares through the London Stock Exchange, cancel them, and potentially repurchase up to 50% of the average daily trading volume from September 2024.

The Programme will remain active until the £25 million limit is reached or further instructions are issued during the 2025 Annual General Meeting, scheduled for May 2025.