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The latest announcement is out from Standard Chartered ( (GB:STAN) ).
Standard Chartered PLC announced the purchase of 540,938 of its ordinary shares as part of a share buy-back program that was initially detailed in July 2024. The shares were acquired at a volume-weighted average price of 990.87 pence per share, with the highest price being 999.60 pence and the lowest being 980.60 pence. The company plans to cancel these purchased shares, which will result in a total of 2,424,427,642 ordinary shares in issue, reflecting the updated number of voting rights. This move is aligned with the company’s strategy to manage its capital and enhance shareholder value.
More about Standard Chartered
Standard Chartered PLC is a leading international banking group incorporated in England and Wales. It provides a range of financial services and operates in various markets globally, focusing on areas such as retail and commercial banking, wealth management, and investment banking.
YTD Price Performance: 0.91%
Average Trading Volume: 6,070
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $29.76B
See more insights into STAN stock on TipRanks’ Stock Analysis page.
