Funding Circle Plc Announces Share Buyback and Cancellation

Funding Circle Holdings plc, a well-known entity within the financial sector, disclosed that it has executed a significant transaction of repurchasing its own shares. The operation, performed on 5 April 2024, was conducted on the London Stock Exchange and involved the acquisition of 86,390 ordinary shares at varying prices, with a volume weighted average price of 44.6634p. This move is part of a share buyback program initially announced on 7 March 2024.

The company has declared its intention to cancel all the acquired shares, a decision that will result in a reduction of the company's issued share capital to 357,777,232 ordinary shares. Post this cancellation, there will be no shares held in Treasury. This adjustment in share capital will serve as a reference point for shareholders and other stakeholders in adherence to the FCA's Disclosure Guidance and Transparency Rules.

Details of the transaction reveal purchases at both the highest price of 44.90p and the lowest at 44.60p across specific transaction times and volumes, presenting a detailed account of the buyback’s execution. A full breakdown of individual trades shows varied purchase times and quantities, highlighting the transaction's dynamic nature.