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HSBC Proceeds with Multi-Billion Share Buy-Back
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HSBC Proceeds with Multi-Billion Share Buy-Back

HSBC Holdings (GB:HSBA) has released an update.

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HSBC Holdings plc has announced the buy-back and cancellation of 2,970,512 of its ordinary shares on September 6, 2024, for a total consideration of roughly US$1.216 billion since the commencement of the buy-back program. The share repurchases were conducted on UK Venues, with no transactions on the Hong Kong Stock Exchange. Following cancellation, the total issued share capital of HSBC will consist of 18,363,652,712 ordinary shares with voting rights.

For further insights into GB:HSBA stock, check out TipRanks’ Stock Analysis page.

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