Funding Circle Engages with Shareholders Post-AGM

Funding Circle Holdings plc has issued a statement following significant dissent at its 2025 AGM. Notably, more than 20% of shareholders opposed Resolutions 14, 15, and 16, which deal with the authority to allot shares and disapplication of pre-emption rights. Despite strong overall support, 21.77% voted against these motions.

The opposition stemmed primarily from shareholder concerns over potential dilution, as no specific transaction was linked to the share issuance authority. Investors express a preference for pre-approval of share issuances.

While the Board believes in the flexibility these resolutions offer, aligning with the 2015 Pre-Emption Group's Principles, they remain responsive to shareholder feedback and look to reassess their approach. An update will be included in the 2025 Annual Report.