Business
Funding Circle Holdings plc: Completion of Sh...
Funding Circle Holdings plc: Completion of Sh....
About this update from Funding Circle Holdings Plc
[{"type":"text","content":"\n \n \n \n\n\t\n\n\n\n\n\n\n\n\n\n\n\nFunding Circle Holdings plc (FCH)\n\n\n\n\n\n\nFunding Circle Holdings plc: Completion of Share Buyback Programme and Commencement of New Buyback Programme 15-May-2025 / 07:00 GMT/BST\n\n\n15 May 2025\n\nLEI: 2138003EK6UAINBBUS19\n\nFunding Circle Holdings plc\n\n(the “Company”)Completion of Share Buyback Programme\n\nand Commencement of New Buyback Programme\n\nThe 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.\n\nFurther 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.\n\nAny 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.\n\nThe 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 \"P...