Funding Circle Executes Share Buy-Back to Optimize Capital Structure

Funding Circle Holdings Limited ( (GB:FCH) ) has issued an update.

Funding Circle Holdings Limited has completed the repurchase of 350,000 ordinary shares from Investec Bank plc as part of its ongoing share buy-back program. This action reduces the company’s issued share capital to 323,657,145 ordinary shares, potentially impacting shareholder calculations for notification obligations under the FCA’s Disclosure Guidance and Transparency Rules.

More about Funding Circle Holdings Limited

Funding Circle Holdings Limited operates in the financial technology industry, primarily providing small and medium-sized enterprises (SMEs) with access to business loans through its peer-to-peer lending platform. The company focuses on enabling SMEs to secure financing in a more streamlined and efficient manner compared to traditional banks.

YTD Price Performance: -6.72%

Average Trading Volume: 711,733

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £377.5M

For a thorough assessment of FCH stock, go to TipRanks’ Stock Analysis page.