21st Sep 2026 10:57
(Alliance News) - Funding Circle Holdings PLC said it has completed its third GBP25 million share buyback and is starting another of the same value on Monday.
The London-based lender to small and medium businesses said it repurchased 18.0 million shares, 5.9% of its total, in the most recent buyback, which was completed on Friday last week.
Shares in Funding Circle were up 1.9% to 190.40 pence on Monday morning in London.
Funding Circle will start a new share buyback programme for up to GBP25 million on Monday, as announced earlier this month. The new buyback will be run by Deutsche Bank AG and completed by the second quarter of 2027, it said. This fourth GBP25 million buyback will bring total share buybacks by Funding Circle since March 2024 to GBP100 million.
"The board of directors considers that the current trading price of ordinary shares materially undervalues Funding Circle's business and a share repurchase will improve balance sheet efficiency by returning excess capital to shareholders," the company said.
By Camilla Borri, Alliance News reporter
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