An announcement from HSBC Holdings ( (GB:HSBA) ) is now available.
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 over 5 million shares across UK and Hong Kong exchanges, with the total buy-back amounting to approximately US$425.5 million. This move is aimed at reducing the number of shares in circulation, potentially increasing the value of remaining shares and returning capital to shareholders. The cancellation of shares on the Hong Kong Stock Exchange will be announced separately once completed.
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 retail banking, commercial banking, investment banking, and wealth management. The company has a significant presence in both Europe and Asia, with a focus on facilitating international trade and investment.
YTD Price Performance: 18.88%
Average Trading Volume: 24,535,147
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £166.3B
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