Funding Circle Plc Announces Share Buyback Details and Cancellation Plan

Funding Circle Holdings plc confirmed the purchase and forthcoming cancellation of a portion of its own shares, as part of an announced buyback strategy from March 7, 2024. On April 16, the company repurchased 134,664 of its ordinary shares from Numis Securities Limited on the London Stock Exchange.

The transaction saw shares bought at prices ranging between 45.92p and 46.40p, with the average price per share at 46.1639p. This move is set to reduce the total issued share capital to 356,781,376 ordinary shares with voting rights after cancellation. The company also announced that no ordinary shares are held in Treasury.

These developments are crucial for shareholders and market watchers in calculating changes in their stake relative to the new total number of shares issued. The company has completed this buyback under the Market Abuse Regulation as part of UK's retained EU law, ensuring transparency and regulatory compliance in its dealings.