HSBC Holdings (GB:HSBA) has released an update.
HSBC Holdings plc has announced the purchase and subsequent cancellation of a significant number of its own shares, in a buy-back initiative that started on May 7, 2024. The company repurchased shares from two different venues, totaling over 239 million shares for around US$2.1 billion. This move will reduce the total number of HSBC’s issued ordinary shares with voting rights, potentially impacting shareholder value and stock market performance.
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