Funding Circle Plc Announces Share Purchase for Cancellation
Company Intends to Cancel Purchased Shares
Transaction Details
Funding Circle Plc (LON: FCH) announced on August 9, 2024, that it has purchased its own shares for cancellation. The transaction was executed on August 14, 2024, and involved the purchase of a significant number of shares.
The Company intends to cancel all of the purchased ordinary shares.
This move by Funding Circle Plc is part of its ongoing efforts to manage its capital structure and enhance shareholder value. The cancellation of the shares is expected to reduce the Company's total number of outstanding shares, potentially leading to an increase in earnings per share.
Further details of the transaction, including the exact number of shares purchased and the purchase price, are expected to be released in due course.
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