Standard Chartered ( (GB:STAN) ) has issued an announcement.
Standard Chartered PLC has executed a share buy-back program, purchasing over 1.2 million of its ordinary shares from J.P. Morgan Securities plc. The shares were bought at prices ranging from 1,179.0000 to 1,211.5000 GB pence, with a volume-weighted average price of 1,198.6814 GB pence. The company intends to cancel these shares, reducing its total shares in issue to 2,413,025,845, which will also be the total number of voting rights. This move is part of a strategic effort to manage the company’s capital structure and potentially enhance shareholder value.
More about Standard Chartered
Standard Chartered PLC is a leading international banking group, primarily focused on providing financial services and products across Asia, Africa, and the Middle East. The company offers a wide range of services including retail, corporate, and institutional banking, and is known for its strong presence in emerging markets.
YTD Price Performance: 25.10%
Average Trading Volume: 5,187
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $35.83B
For detailed information about STAN stock, go to TipRanks’ Stock Analysis page.