Standard Chartered ( (GB:STAN) ) just unveiled an update.
Standard Chartered PLC announced the purchase of 1,191,842 of its ordinary shares as part of its ongoing share buy-back program. The shares were acquired at a volume-weighted average price of 1,158.1432 GB pence, and the company plans to cancel these shares, reducing its total number of shares in issue to 2,387,420,432. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
More about Standard Chartered
Standard Chartered PLC is a leading international banking group, primarily focused on providing financial services and products such as personal banking, corporate banking, and wealth management. The company operates across various markets, with a significant presence in Asia, Africa, and the Middle East.
YTD Price Performance: 23.29%
Average Trading Volume: 6,364
Technical Sentiment Signal: Sell
Current Market Cap: $35.2B
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