Funding Circle Plc Announces Share Buyback Transaction

Funding Circle Holdings plc confirmed it has executed a share buyback on the London Stock Exchange on 28 March 2024. Partnering with Numis Securities Limited for the transaction, the company repurchased 250,000 of its ordinary shares. Prices for these shares ranged between 43.50p and 45.30p, with an average payment of 44.5497p per share. This move is a part of Funding Circle's buyback strategy announced earlier on 7 March 2024.

The repurchased shares are set for cancellation, which will alter the company's issued share capital to 358,593,191 ordinary shares, all endowed with voting rights. Funding Circle has stated that, post-cancellation, no ordinary shares will remain in Treasury, impacting the share's availability for investors and potentially its market value.

These transactions are part of a broader strategy to manage the company's equity and reinforce shareholder value. Investors and other stakeholders are advised to use the updated share quantity as a reference for any required notifications under the FCA's Disclosure Guidance and Transparency Rules.