HSBC Holdings ( (GB:HSBA) ) has provided an announcement.
HSBC Holdings plc has announced the repurchase and cancellation of its ordinary shares as part of a buy-back program initiated on 20 February 2025. The company purchased a total of 5,492,289 shares across UK and Hong Kong exchanges on 25 February 2025, with a total consideration of approximately US$165.8 million since the program’s commencement. This move is expected to impact the company’s share capital structure, with the current issued ordinary share capital standing at 17,816,046,498 shares with voting rights. The cancellation of shares on the Hong Kong Stock Exchange will be announced separately, highlighting the company’s strategic efforts to manage its capital and enhance shareholder value.
More about HSBC Holdings
HSBC Holdings plc is a multinational banking and financial services organization headquartered in London, United Kingdom. It offers a wide range of financial products and services, including personal, commercial, and investment banking, as well as wealth management. The company operates globally with a significant presence in both the UK and Hong Kong markets.
YTD Price Performance: 11.77%
Average Trading Volume: 22,877,611
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £156.4B
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