Funding Circle Plc Executes Share Buyback and Cancellation Operation

Funding Circle Holdings plc announced a significant buyback operation on March 19, 2024, purchasing 111,146 ordinary shares for cancellation. The shares, bought on the London Stock Exchange from Numis Securities Limited, are part of a buyback plan revealed earlier on March 7, 2024. Prices for these shares ranged from 47.50p to 48.00p, with a volume-weighted average price of 47.9751p per share. This initiative aims to reduce the company's issued share capital, which will stand at 360,243,191 ordinary shares post-cancellation.

The company confirmed that there are no ordinary shares held in Treasury following this transaction. This action is crucial for shareholders and market observers as the adjusted share capital figure will be the new reference for the calculation of ownership percentages and disclosure requirements under the FCA's rules.

This strategic financial move is in line with Funding Circle’s ongoing efforts to manage its capital efficiently and create value for its shareholders. Detailed information about individual transactions, including times and transaction reference numbers, was provided, showcasing the transparency of the operation.