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Funding Circle Holdings Limited ( (GB:FCH) ) has issued an update.
Funding Circle Holdings Limited has executed a share buy-back program, purchasing 198,211 ordinary shares from Investec Bank plc on the London Stock Exchange. The shares, acquired at a volume-weighted average price of 109.6080 pence, will be canceled, reducing the company’s issued share capital to 322,519,156 ordinary shares with voting rights. This move is part of a strategic effort to manage the company’s capital structure and may affect shareholder interests and market perceptions of the company’s financial health.
More about Funding Circle Holdings Limited
Funding Circle Holdings Limited operates in the financial services industry, specializing in providing loans to small and medium-sized enterprises (SMEs). The company focuses on facilitating peer-to-peer lending and has established itself as a key player in the SME lending market.
YTD Price Performance: -19.78%
Average Trading Volume: 901,184
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £323.2M
For a thorough assessment of FCH stock, go to TipRanks’ Stock Analysis page.
