HSBC Holdings ( (GB:HSBA) ) has provided an update.
HSBC Holdings plc has announced the purchase and cancellation of a significant number of its ordinary shares as part of a buy-back program initiated in February 2025. On March 19, 2025, the company repurchased over 5 million shares across UK and Hong Kong exchanges, with a total of 103,607,547 shares bought back since the program’s commencement. This strategic move is aimed at optimizing the company’s capital structure and enhancing shareholder value, reflecting HSBC’s commitment to returning capital to its shareholders. The buy-back is expected to impact the company’s share capital and voting rights, with further announcements pending the cancellation of shares repurchased on the Hong Kong Stock Exchange.
More about HSBC Holdings
HSBC Holdings plc is a leading global financial services company, incorporated in England and Wales, with its registered and group head office located in London, United Kingdom. The company operates in the banking and financial services industry, providing a wide range of services including retail banking, commercial banking, investment banking, and wealth management. HSBC has a significant presence in various markets around the world, with a strong focus on Asia, Europe, and the Americas.
YTD Price Performance: 13.88%
Average Trading Volume: 26,956,932
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £158.9B
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