HSBC Holdings ( (GB:HSBA) ) has shared an announcement.
HSBC Holdings plc has announced the repurchase and cancellation of a significant number of its ordinary shares as part of a buy-back program initiated on 20 February 2025. On 18 March 2025, HSBC purchased 1,398,537 shares on UK venues and 2,891,200 shares on the Hong Kong Stock Exchange. This buy-back effort, amounting to approximately US$1,119.6 million, aims to reduce the number of shares in circulation, potentially increasing the value of remaining shares and enhancing shareholder value. The company’s issued ordinary share capital now consists of 17,762,721,627 shares with voting rights, with further announcements expected as the process continues.
More about HSBC Holdings
HSBC Holdings plc is a global banking and financial services organization, headquartered in London, United Kingdom. It operates in various markets worldwide, providing a wide range of services including retail banking, commercial banking, global banking, and markets and wealth management. HSBC is listed on multiple stock exchanges, including the Hong Kong Stock Exchange and the London Stock Exchange.
YTD Price Performance: 11.77%
Average Trading Volume: 26,618,356
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £154.6B
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