Standard Chartered (GB:STAN) has released an update.
Standard Chartered PLC (SC) has reported the purchase of 1,083,500 of its own ordinary shares at prices ranging from 721.8 to 730.6 pence each, under the 2024 share buy-back program announced in February. Following the buy-back, which cost a total of nearly $954 million, the company plans to cancel the acquired shares, leaving SC with 2,555,691,787 ordinary shares and corresponding voting rights. This move is part of SC’s effort to optimize shareholder value and is in compliance with relevant laws and regulations.
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