Funding Circle Plc Announces Buyback and Cancellation of Shares

Funding Circle Holdings plc disclosed on March 15, 2024, that it executed a share repurchase on the London Stock Exchange. The transaction, facilitated by Numis Securities Limited, involved the acquisition of 142,442 of its own ordinary shares for cancellation. The shares, each with a nominal value of £0.001, were bought back as part of a program announced earlier on March 7, 2024.

The purchase included shares acquired at prices ranging from 48.50p to 49.00p, culminating in a volume-weighted average price of 48.9620p per share. Following this operation, Funding Circle’s issued share capital will be adjusted to total 360,571,192 ordinary shares, all with voting rights. The company confirmed that no shares would be held in Treasury post-cancellation.

This recent transaction and consequent cancellation are intended to adjust the share capital structure of Funding Circle. Shareholders and interested parties are advised to use the new total of ordinary shares as the denominator for disclosures in compliance with the FCA's Disclosure Guidance and Transparency Rules. Detailed transaction data, in light of the Market Abuse Regulation, was also provided.