Funding Circle Holdings Limited (GB:FCH) has released an update.
Funding Circle Holdings Limited recently announced the purchase and subsequent cancellation of 231,022 of its Ordinary Shares, as part of its ongoing share repurchase program initiated on March 7, 2024. This move is set to reduce the number of shares with voting rights to 349,516,488 and is designed to fulfill the program’s objectives efficiently, with purchases possibly reaching up to 50% of the average daily volume from the previous month. The company’s action reflects a strategic effort to manage its capital and could potentially be of interest to shareholders tracking changes in their stake in the company.
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