Funding Circle Plc Announces Share Buyback Transactions

Funding Circle Holdings plc (Funding Circle Plc) disclosed that it has repurchased a significant number of its ordinary shares as part of a share buyback initiative previously announced. The shares, totaling 241,098 at varying prices, were bought on 14 March 2024 from Numis Securities Limited, trading as Deutsche Numis, through the London Stock Exchange. The buyback activity saw shares purchased at prices fluctuating between 47.70p and 48.80p, with the average price paid per share settled at 48.4422p. These transactions are geared towards reducing the company's issued share capital by cancelling the acquired shares.

Post-cancellation, Funding Circle’s issued share capital will stand at 360,713,634 ordinary shares, as confirmed by the company, with no ordinary shares held in Treasury. This adjustment in share capital will serve as a new basis for shareholders to determine their percentage of ownership or any alterations in interest as per the FCA's Disclosure and Transparency Rules guidelines. Full details of the transactions, including individual trade data, have been duly provided in compliance with the Market Abuse Regulation.

Funding Circle has also provided contact information for investor and media relations inquiries, reiterating its commitment to transparent communication with its stakeholders. The share buyback is part of the company's broader strategy to optimize shareholder value.