Funding Circle Plc Completes Share Buyback Transaction

Funding Circle Holdings Plc announced the completion of a share buyback transaction, wherein the company purchased 161,366 ordinary shares for cancellation. Conducted on 22 April 2024, the transaction took place on the London Stock Exchange through Numis Securities Limited. Shares were bought at prices ranging from 47.20p to 48.00p, with a volume-weighted average of 47.8424p per share.

The objective of this buyback, initially announced on 7 March 2024, is to reduce the company's outstanding shares, thereby potentially increasing the value of remaining shares. Following the cancellation of these purchased shares, Funding Circle’s total issued share capital will be reduced to 356,104,489 shares, all carrying voting rights.

This transaction serves not only as a strategic financial maneuver but is also in compliance with regulatory requirements, underlining the company’s adherence to the Market Abuse Regulation and EU transparency rules.