Standard Chartered ( (GB:STAN) ) has shared an announcement.
Standard Chartered PLC announced the purchase of 1,156,291 of its ordinary shares as part of its ongoing share buy-back program. The shares were acquired at prices ranging from 1,173.5 to 1,202.5 pence, with an average price of 1,186.5026 pence. This move is part of the company’s strategy to optimize its capital structure, and the purchased shares will be canceled, reducing the total number of shares in issue to 2,389,783,160. The buy-back reflects the company’s commitment to returning value to shareholders and may enhance its market position by improving financial metrics such as earnings per share.
More about Standard Chartered
Standard Chartered PLC is a leading international banking group, primarily focused on providing financial services and products such as retail and corporate banking, wealth management, and investment services. The company operates in key markets across Asia, Africa, and the Middle East, positioning itself as a pivotal player in emerging markets.
YTD Price Performance: 25.64%
Average Trading Volume: 6,426
Technical Sentiment Signal: Sell
Current Market Cap: $36.7B
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