Funding Circle Holdings Plc Completes Share Buy-Back Initiative

Funding Circle Holdings Plc (FCH), a prominent figure in the financial sector, has successfully completed a share buy-back transaction, purchasing shares for cancellation. This initiative, carried out through transactions on the London Stock Exchange with Numis Securities Limited, was part of a strategy announced earlier on March 7, 2024. On March 12, 2024, the company acquired a total of 237,023 of its ordinary shares, navigating through varying prices with the highest at 47.75p and the lowest at 45.90p, settling at a volume weighted average price of 47.1951p per share.

The purpose behind this transaction is clear; all acquired shares are slated for cancellation. Resultantly, this will adjust Funding Circle Holdings' issued share capital to accommodate 361,066,120 ordinary shares, each with voting rights. This adjustment reaffirms the company's commitment to optimizing shareholder value. The cancellation affects no shares held in Treasury; instead, it focuses solely on outstanding shares. With this transaction, shareholders and those with notification obligations are advised to use the new share count as a reference for disclosures under the FCA's Disclosure Guidance and Transparency Rules.

This latest financial maneuver is part of Funding Circle Holdings' broader strategic initiatives aimed at enhancing shareholder value and maintaining a healthier capital structure. The detailed trades executed as part of this buy-back have been disclosed, ensuring transparency and adherence to regulatory requirements.