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Standard Chartered ( (GB:STAN) ) has issued an update.
Standard Chartered PLC announced the purchase of 529,154 of its ordinary shares as part of its ongoing share buy-back program. The shares were bought at prices ranging from 1,000.50 to 1,017.00 GB pence, with a volume-weighted average price of 1,010.47 GB pence. This move aligns with the company’s strategy to manage its capital and share capital structure effectively. Following the cancellation of these shares, the total number of ordinary shares in issue will be 2,422,304,903, maintaining the same number of voting rights. The share buy-back program signifies Standard Chartered’s efforts to enhance shareholder value and optimize its financial resources.
More about Standard Chartered
Standard Chartered PLC is a leading banking and financial services company, incorporated as a public limited company in England and Wales. It primarily operates in the banking industry, offering a range of services including personal banking, corporate banking, and wealth management. The company is known for its significant presence in international markets, particularly in Asia, Africa, and the Middle East.
YTD Price Performance: 1.95%
Average Trading Volume: 6,141
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $30.15B
Learn more about STAN stock on TipRanks’ Stock Analysis page.
