Funding Circle Concludes Share Buyback Programme and Initiates New One

Funding Circle Holdings plc has wrapped up its second share buyback programme, acquiring 21,040,683 ordinary shares valued at £25 million. This represents 6.72% of the company’s total capital. As a result, 312,954,121 ordinary shares remain in issuance.

Following a previous announcement, the company has launched a new share buyback initiative, again setting a maximum budget of £25 million. Shares obtained will be either cancelled or held to fulfill employee share schemes. The process will adhere to regulatory requirements set by the Market Abuse Regulation and FCA rules.

The company’s broker, Investec Bank plc, will manage the buyback through the London Stock Exchange. The programme is slated to conclude when the total spend nears the £25 million mark, unless terminated earlier.