REG-Funding Circle Holdings plc Funding Circle Holdings plc: Completion of Share Buyback Programme and Commencement of New Buyback Programme

Funding Circle HoldingsAnnouncement

15/05/2025 07:02

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   Funding Circle Holdings plc (FCH)
   Funding Circle Holdings plc: Completion of Share Buyback Programme and
   Commencement of New Buyback Programme

   15-May-2025 / 07:00 GMT/BST

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   15 May 2025

                                                    LEI: 2138003EK6UAINBBUS19

                          Funding Circle Holdings plc

                                (the “Company”)

                     Completion of Share Buyback Programme

                   and Commencement of New Buyback Programme

   The Company announces  that on  14 May 2025  it completed  its second  £25
   million share buyback programme, with the Company repurchasing a total  of
   21,040,683 ordinary  shares  of £0.001  each  in its  share  capital  (the
   “Ordinary  Shares”)  equating  to  6.72%  of  the  Company’s  issued   and
   outstanding  capital.  Following  the  cancellation  of  the   repurchased
   Ordinary Shares, Funding Circle has 312,954,121 Ordinary Shares in issue.

   Further to the announcement  of 23 April 2025,  the Company is pleased  to
   announce the commencement of  the new share buyback  programme of up to  a
   maximum consideration of £25 million, (the "New Buyback Programme"). 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.

   Any purchases of  Ordinary Shares  by the  Company under  the New  Buyback
   Programme will be carried out on  the London Stock Exchange in  compliance
   with the relevant conditions for trading, restrictions regarding time  and
   volume, disclosure and  reporting obligations, and  price conditions.  The
   New  Buyback  Programme  will  be  carried  out  in  accordance  with  the
   parameters prescribed by the Market Abuse Regulation 596/2014 (as it forms
   part of UK law pursuant to  the European Union (Withdrawal) Act 2018)  and
   Chapter 12 of the  Financial Conduct Authority’s  Listing Rules using  the
   average daily volume of  Ordinary Shares traded in  April 2025, being  the
   month preceding the month of this announcement. The Company may repurchase
   up to 50% of this average daily volume.

   The New Buyback Programme will be  conducted by the Company in  accordance
   with the general authority  to repurchase Ordinary  Shares granted by  the
   Company’s  shareholders   at  the   2024  Annual   General  Meeting   (the
   "Authority"), and  with  a  future  such  authority,  if  granted  by  the
   Company’s shareholders, that  has been  put to the  Company's 2025  Annual
   General Meeting (the  "2025 AGM")  in the ordinary  course (the  "Proposed
   Authority). The maximum  number of  Ordinary Shares that  the Company  may
   purchase under  the  Authority,  which  expires  on  the  earlier  of  the
   conclusion of the 2025  AGM and 30 June  2025, is 54,085,678. The  maximum
   number of Ordinary Shares that the Company may purchase under the  Buyback
   Programme thereafter will  be limited  to the maximum  number of  Ordinary
   Shares that  the Company  is  authorised to  purchase under  the  Proposed
   Authority, if granted by shareholders, being 47,803,082.

   It is expected that, unless terminated earlier, the New Buyback  Programme
   will end on the date on which the total GBP purchase price of all Ordinary
   Shares purchased by Funding Circle pursuant to the Programme is equal  to,
   or as close  as possible to,  £25 million. The  Company has appointed  its
   broker, Investec  Bank  plc, to  manage  the share  buyback  programme  to
   repurchase Ordinary Shares on its behalf.

     

                                      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:  MSCH
   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.:   388366
   EQS News ID:    2137808


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:ir@fundingcircle.com


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