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IN BRIEF: Funding Circle to start new £25 million buyback programme

ALN

Funding Circle Holdings PLC - London-based lending platform focused on small and medium enterprises - Announces a further share buyback programme for up to £25 million, to begin after the current programme completes. The current £25 million programme is expected to complete in May. Funding Circle has repurchased around £47.6 million in shares, or 13% of its share capital, over two £25 million share buyback programmes during 2024 and up to Tuesday this week. Shares will be cancelled or held to satisfy awards under the company’s employee share schemes.

Current stock price: 106.64 pence, up 5.0% in London on Wednesday afternoon

12-month change: up 89%

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