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Funding Circle Holdings PLC - London-based small and medium enterprise loans platform - Co-Founder Samir Desai intends to step down as non-executive director on October 25. Desai says: ‘Since stepping back as chief executive officer, it has been a pleasure to support Funding Circle as a non-executive director. As I come to the end of my three-year term, I am completing the transition and stepping down from the board. I am very supportive of the strategic changes [Chief Executive Officer] Lisa [Jacobs] and the team have made and am excited about Funding Circle’s future. I look forward to continuing to support the company as a shareholder and its biggest fan.’ Chair Andrew Learoyd says: ‘Samir has been instrumental in building Funding Circle into the highly innovative business it is today.’
Current stock price: 126.50 pence, down 0.4% on Wednesday afternoon in London
12-month change: up from 40.00p
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