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Funding Circle Holdings Limited ( (GB:FCH) ) has issued an update.
Funding Circle Holdings Limited has announced a buyback of 157,944 of its ordinary shares from Investec Bank plc, as part of a previously announced share buyback program. The purchased shares will be canceled, reducing the company’s total issued share capital to 326,172,102 ordinary shares. This move is part of a strategic effort to manage its capital structure, which could enhance shareholder value and signal confidence in the company’s financial stability.
More about Funding Circle Holdings Limited
Funding Circle Holdings Limited operates in the financial services industry, primarily focusing on providing online lending platforms for small and medium-sized enterprises (SMEs). The company facilitates business loans by connecting investors with SMEs in need of financing, aiming to support business growth within its market focus.
YTD Price Performance: -12.31%
Average Trading Volume: 812,659
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £357.6M
Find detailed analytics on FCH stock on TipRanks’ Stock Analysis page.
