REG-Funding Circle Holdings plc Funding Circle Holdings plc: Update on Current Share Buyback Programme and announcement of new £25 million Share Buyback Programme

Funding Circle HoldingsAnnouncement

23/04/2025 07:02

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   Funding Circle Holdings plc (FCH)
   Funding Circle Holdings plc: Update on Current Share Buyback Programme and
   announcement of new £25 million Share Buyback Programme

   23-Apr-2025 / 07:00 GMT/BST

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   23 April 2025

                                                    LEI: 2138003EK6UAINBBUS19

                          Funding Circle Holdings plc

                                (the “Company”)

                   Update on Current Share Buyback Programme
          and announcement of new £25 million Share Buyback Programme

   During 2024  and  up to  22  April 2025,  the  Company has  purchased  for
   cancellation 46,310,785 of its ordinary  shares of £0.001 each  (“Ordinary
   Shares”), equating  to  12.82% of  the  Company’s issued  and  outstanding
   capital; a return of surplus capital of approximately £47.63 million  from
   the two £25 million share buyback programmes previously announced.

   In line with its disciplined approach  to managing capital as part of  its
   capital allocation framework, the Company announces that it will  commence
   a further discretionary share buyback programme of up to £25 million  (the
   "New Buyback Programme").

   The New Buyback Programme will commence following the successful execution
   of the current buyback programme, which  is expected to complete in  May. 
   It is intended  that any purchased  Ordinary Shares will  be cancelled  or
   held in  Treasury to  satisfy awards  under the  Company’s employee  share
   schemes.

    

                                      ENDS

    

   Enquiries:

   Funding Circle:

   Funding Circle Holdings plc       1 ir@fundingcircle.com
   Tony Nicol, Chief Financial Officer

   Headland Consultancy
   Stephen Malthouse and Jack Gault (+44 20 3805 4822)

    

   About Funding Circle:

   Funding Circle (LSE: FCH) is the UK’s leading SME finance platform.
   Established in the UK in 2010,  Funding Circle has extended more than
   £14.6bn in credit to over 110,000 businesses in the UK.

   For SME borrowers, Funding Circle provides an unrivalled customer
   experience, delivered through its technology and data, coupled with a
   human touch. Its solutions continue to help customers access the funding
   they need to succeed. For institutional investors, Funding Circle provides
   access to an alternative asset class in an underserved market, and
   delivers robust and attractive returns.

    

    

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           GB00BG0TPX62
   Category Code:  MSCL
   TIDM:           FCH
   LEI Code:       2138003EK6UAINBBUS19
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   383925
   EQS News ID:    2121746


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:ir@fundingcircle.com


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