Funding Circle Plc Executes Share Buy-back and Plans Cancellation

Funding Circle Holdings plc, a well-known entity in the financial sector, has made a significant announcement regarding the buy-back of its own shares. On 11 April 2024, the company successfully purchased 126,511 of its ordinary shares. This transaction was carried out on the London Stock Exchange, with assistance from Numis Securities Limited, operating as Deutsche Numis. This buy-back is part of a strategy announced earlier on 7 March 2024.

The shares were bought at prices varying between 45.70p and 46.10p, resulting in a volume-weighted average price of 46.0256p per share. Funding Circle Holdings plc has expressed its intention to cancel all the acquired shares. Following the planned cancellation, the company's issued share capital will be 357,166,040 ordinary shares, all carrying voting rights. This move will not affect the treasury as no shares are held there.

This action enables shareholders and others with notification obligations to use the updated number of shares as the denominator for ownership disclosure requirements under the FCA's Disclosure Guidance and Transparency Rules. Funding Circle also complied with regulatory disclosure requirements by providing detailed information on individual trades conducted as part of this share buy-back programme.