Standard Chartered (GB:STAN) has released an update.
Standard Chartered PLC has purchased 615,361 of its own shares as part of a previously announced buy-back program, with prices ranging between 745.40 and 756.20 GB pence per share. The company intends to cancel the acquired shares, which will reduce the total number of ordinary shares in issue to 2,530,640,183, thereby also reducing the total number of voting rights. This move is in line with the company’s capital management strategy and complies with the regulations set forth in its July 31, 2024 announcement.
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