Funding Circle Holdings Acquires Own Shares for Cancellation in a Bid to Optimise Capital Structure

Funding Circle Holdings plc caused a stir in the market when it revealed its latest tactical play, acquiring a significant number of its own shares from Investec Bank plc for cancellation. This buy-back action, announced on 16 October 2024, reached a crescendo on 28 April 2025 with the purchase of 78,787 ordinary shares. Among the acquired shares, the highest price paid per share was 112.00p, with the lowest at 110.80p, the volume-weighted average price per share dominating at 111.8577p.

As a result of this decisive action, Funding Circle intends to cancel all of the purchased ordinary shares. This move is expected to streamline the Company’s issued share capital which, following the cancellation, will consist of 314,781,998 ordinary shares bearing voting rights. Notably, no ordinary shares are held in Treasury.