HSBC Holdings (GB:HSBA) has released an update.
HSBC Holdings PLC has progressed with its share buy-back program, purchasing a significant quantity of its ordinary shares from Merrill Lynch for cancellation, with transactions conducted on both UK and Hong Kong stock exchanges. As a result of the buy-back, which commenced on 1 August 2024, the company’s total repurchased shares have reached nearly 290 million for a total cost of approximately US$2.5 billion. Post-cancellation, HSBC’s issued share capital will be adjusted, with no shares held in treasury.
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