HSBC Holdings ( (GB:HSBA) ) just unveiled an update.
HSBC Holdings plc 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. The company purchased 2,553,474 shares on UK venues and 2,971,600 shares on the Hong Kong Stock Exchange, with a total of 20,358,389 shares repurchased since the program’s commencement. This strategic move aims to enhance shareholder value and optimize the company’s capital structure, reflecting HSBC’s commitment to returning capital to shareholders. The cancellation of shares will impact the company’s issued ordinary share capital, with further announcements expected regarding the total voting rights once the Hong Kong shares are cancelled.
More about HSBC Holdings
HSBC Holdings plc is a global financial services company headquartered in London, United Kingdom. It operates in the banking and financial services industry, offering a wide range of services including personal, commercial, and investment banking. HSBC has a significant market presence in both Europe and Asia, with its shares listed on multiple stock exchanges, including the London and Hong Kong Stock Exchanges.
YTD Price Performance: 14.54%
Average Trading Volume: 22,693,507
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £160.3B
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