on Funding Circle Plc (isin : GB00BG0TPX62)
Funding Circle Implements Share Buyback Strategy
On 4 February 2025, Funding Circle Holdings plc announced the acquisition of 350,000 ordinary shares for cancellation. The transaction was executed on the London Stock Exchange with Investec Bank plc as part of a share buyback program initiated on 16 October 2024. The highest price paid per share was 119.50 pence, while the lowest was 92.00 pence. The volume-weighted average price for the shares stood at 102.7147 pence.
Following this buyback, 323,657,145 ordinary shares remain in issuance, all retaining voting rights. The action aims to adjust the company’s capital structure, potentially enhancing shareholder value. This move aligns with Funding Circle's strategic capital management objectives amid evolving market conditions.
R. E.
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