HSBC Holdings (GB:HSBA) has released an update.
HSBC Holdings plc has announced the buyback and cancellation of 3,250,000 of its ordinary shares at a volume weighted average price of HK$66.5264 per share from Morgan Stanley, as part of its share buy-back program initiated on 7 May 2024. Since the start of the program, the company has repurchased a total of 331,371,599 shares for approximately US$2.9 billion. The repurchases were made on the Hong Kong Stock Exchange and the total issued share capital post-cancellation is 18,518,135,661 shares.
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