Funding Circle Plc Executes Share Buyback, Announces Cancellation

Funding Circle Holdings plc reported that on 15th May 2024, it executed a buyback of ordinary shares. The company acquired 250,000 shares at a volume weighted average price of 80.2062p through transactions on the London Stock Exchange. Numis Securities Limited facilitated the operations. The highest price paid per share during the buyback was 81.00p, with the lowest at 77.80p.

Post-buyback, the shares are set for cancellation, which will reduce the total issued share capital to 354,235,240 shares, all retaining voting rights. This reduction aligns with Funding Circle’s announced share buyback plan from 7th March 2024. The company confirmed that no shares are held in Treasury.

This action will impact shareholders and investors as the total number of shares in circulation decreases, potentially affecting share value and voting percentages. Shareholders must adjust their notifications and interests accordingly to remain compliant with the FCA’s Disclosure Guidance and Transparency Rules.