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Funding Circle Holdings Limited ( (GB:FCH) ) has provided an update.
Funding Circle Holdings Limited has conducted a share buy-back program, purchasing 95,791 of its own ordinary shares from Investec Bank plc on the London Stock Exchange. The repurchased shares will be canceled, reducing the company’s issued share capital to 321,847,448 ordinary shares. This move is part of a previously announced buy-back initiative aimed at optimizing the capital structure, which could potentially enhance shareholder value and market positioning.
More about Funding Circle Holdings Limited
Funding Circle Holdings Limited is a financial services company focused on providing loans to small and medium enterprises (SMEs). It operates primarily as a peer-to-peer lending platform, connecting businesses seeking financing with investors looking for opportunities in the SME sector.
YTD Price Performance: -21.27%
Average Trading Volume: 910,837
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £316.7M
For an in-depth examination of FCH stock, go to TipRanks’ Stock Analysis page.
