Funding Circle Holdings Limited ( (GB:FCH) ) has shared an update.
Funding Circle Holdings Limited has repurchased 128,963 of its own ordinary shares from Investec Bank plc on the London Stock Exchange as part of a previously announced buy-back program. This transaction, involving a volume-weighted average price of 110.2098 pence per share, will result in the cancellation of these shares, reducing the company’s issued share capital to 317,373,037 ordinary shares. The buy-back is a strategic move to optimize the company’s capital structure, potentially enhancing shareholder value and reflecting confidence in its financial health.
More about Funding Circle Holdings Limited
Funding Circle Holdings Limited operates in the financial services industry, primarily focusing on providing loans to small and medium-sized enterprises (SMEs). The company facilitates peer-to-peer lending, connecting businesses seeking capital with investors looking for opportunities, thereby supporting the growth of SMEs in various markets.
YTD Price Performance: -16.04%
Average Trading Volume: 1,051,973
Technical Sentiment Signal: Sell
Current Market Cap: £332.4M
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