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The latest announcement is out from Funding Circle Holdings Limited ( (GB:FCH) ).
Funding Circle Holdings plc has executed a share buy-back program, purchasing 270,000 of its ordinary shares from Investec Bank plc on the London Stock Exchange. This transaction, part of a previously announced buy-back initiative, will result in the cancellation of the shares, reducing the company’s issued share capital to 325,741,293 ordinary shares with voting rights. This move is likely to impact the company’s stock value and stakeholder interests, as it adjusts its capital structure and aims to enhance shareholder value.
More about Funding Circle Holdings Limited
Funding Circle Holdings plc is a prominent financial technology company that primarily focuses on providing business loans to small and medium-sized enterprises (SMEs). The company operates mainly in the lending sector, leveraging its platform to connect borrowers with investors, thereby facilitating access to capital for businesses in the UK and other markets.
YTD Price Performance: -3.73%
Average Trading Volume: 836,976
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £392.1M
See more insights into FCH stock on TipRanks’ Stock Analysis page.
