Funding Circle Plc Announces Share Buyback and Cancellation

Funding Circle Holdings plc, on 2 April 2024, declared the completion of a share buyback operation, engaging Numis Securities Limited for the transaction on the London Stock Exchange. The financial maneuver aimed at repurchasing 280,000 of its own ordinary shares, following an announcement made on 7 March 2024. Prices for shares varied, recording a high of 43.50p and a low of 39.50p, averaging at 41.9134p per share.

The company plans to cancel all the acquired shares, indicating a move to reduce the total number of shares available and potentially increase the value of remaining shares. Post-cancellation, Funding Circle's total issued share capital will stand at 358,313,191 ordinary shares, holding voting rights. The firm highlighted that no ordinary shares are held in Treasury, aiming for a transparent shareholding structure.

Following the transaction, Funding Circle provided information to guide shareholders and those with notification obligations in calculating their interest or changes in interest in the company, as per the FCA's Disclosure Guidance and Transparency Rules. Detailed transaction data, including individual purchase times, prices, and volumes, were disclosed, maintaining regulatory compliance under the Market Abuse Regulation and the European Union (Withdrawal) Act 2018.