Funding Circle Holdings Limited ( (GB:FCH) ) just unveiled an announcement.
Funding Circle Holdings Limited announced the purchase and cancellation of 105,691 of its own ordinary shares on the London Stock Exchange as part of a share buy-back program. This transaction, executed with Investec Bank plc, aims to reduce the company’s share capital to 317,122,183 ordinary shares with voting rights, potentially impacting shareholder interests and the company’s market positioning.
More about Funding Circle Holdings Limited
Funding Circle Holdings Limited operates in the financial technology industry, primarily offering peer-to-peer lending services. The company focuses on providing small and medium-sized enterprises (SMEs) with access to financing through its online platform, connecting them with investors seeking to lend capital.
YTD Price Performance: -18.81%
Average Trading Volume: 1,072,822
Technical Sentiment Signal: Sell
Current Market Cap: £330M
See more insights into FCH stock on TipRanks’ Stock Analysis page.