Funding Circle Plc Executes Share Buy-Back, Announces Share Cancellation

Funding Circle Holdings plc (Funding Circle) has officially announced the completion of a transaction to buy back ordinary shares on 9 April 2024. This action was carried out on the London Stock Exchange facilitated by Numis Securities Limited, referred to as Deutsche Numis. The transaction is part of a buy-back plan that the company declared on 7 March 2024.

A total of 225,000 ordinary shares were purchased for cancellation at varying prices, with the highest being 47.00p and the lowest at 45.50p. The average price paid for these shares was calculated to be 46.2754p. With the cancellation of these shares, Funding Circle’s issued share capital is now adjusted to 357,442,551 ordinary shares, all of which have voting rights. Additionally, it is important to note that there are no shares held in Treasury following this transaction.

This considerable action will potentially influence ownership percentages, offering a pivotal moment for shareholders and interested parties to recalculate their interest or changes in their interest in Funding Circle. This recent transaction aligns with regulatory compliance and aims to enhance shareholder value as the company continues to adjust its capital structure.