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Funding Circle Holdings Limited ( (GB:FCH) ) just unveiled an announcement.
Funding Circle Holdings Limited has repurchased 125,714 of its own ordinary shares from Investec Bank plc on the London Stock Exchange as part of a share buy-back program. This transaction is intended to cancel the repurchased shares, reducing the company’s issued share capital to 326,417,332 ordinary shares. The move is likely aimed at enhancing shareholder value by reducing the number of shares in circulation, potentially increasing the earnings per share and influencing the company’s stock market performance.
More about Funding Circle Holdings Limited
Funding Circle Holdings Limited operates in the financial services industry, specializing in peer-to-peer lending platforms that connect small and medium-sized enterprises with investors. The company focuses on offering accessible financing solutions to support business growth and development.
YTD Price Performance: -9.70%
Average Trading Volume: 812,543
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £368.7M
See more data about FCH stock on TipRanks’ Stock Analysis page.
