Funding Circle Holdings plc Completes Share Buyback Transaction

Funding Circle Holdings plc announced the completion of a share buyback transaction on May 16, 2024. The company purchased 85,413 of its own ordinary shares on the London Stock Exchange at varying prices, with a volume weighted average price of 79.3343p per share. The transactions, facilitated by Deutsche Numis, ranged from 78.00p to 81.00p per share.

Post this transaction, all purchased shares are slated for cancellation. This activity will reduce the company’s issued share capital to 354,149,827 ordinary shares, all carrying voting rights. Notably, these shares are not part of any held in treasury, simplifying ownership and potential voting calculations.

This buyback aligns with the company's announcement from March 7, 2024, reflecting ongoing strategic financial management aimed at optimizing shareholder value. This transaction underscores confidence by the management in the intrinsic value and future prospects of the company.