HSBC Holdings (GB:HSBA) has released an update.
HSBC Holdings PLC has announced the purchase and cancellation of a significant number of its shares, with nearly 5 million shares bought back on UK venues and over 3.5 million on the Hong Kong Stock Exchange. This move, part of a buy-back program initiated on August 1, 2024, has led to a total expenditure of approximately US$2.34 billion for the repurchase of 271.7 million shares since the program’s start. After cancellation of these shares, the company will have over 18 billion ordinary shares with voting rights remaining in issue.
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