HSBC Holdings (GB:HSBA) has released an update.
HSBC Holdings plc has announced the purchase of 3,246,800 of its own ordinary shares for cancellation, as part of its share buy-back program initiated on 7 May 2024. The transactions, conducted through Morgan Stanley on the Hong Kong Stock Exchange, are part of a larger buy-back scheme totaling approximately US$2.823 billion for 322,955,599 shares, affecting the company’s voting rights share capital. The share cancellation process varies between the Hong Kong Stock Exchange and UK Venues, with further updates to be announced.
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