Standard Chartered Executes Share Buy-Back to Enhance Shareholder Value

Standard Chartered ( (GB:STAN) ) has provided an update.

Standard Chartered PLC announced the purchase of 1,138,800 of its ordinary shares as part of a share buy-back program. The shares were acquired at prices ranging from 1,169.0000 to 1,220.5000 GB pence, with a volume-weighted average price of 1,187.6750 GB pence. This buy-back is part of a previously detailed program, and the company intends to cancel the purchased shares, reducing the total number of shares in issue to 2,404,046,095. This move is likely to impact the company’s market position by potentially increasing shareholder value and optimizing capital structure.

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 products, focusing on emerging markets across Asia, Africa, and the Middle East.

YTD Price Performance: 30.07%

Average Trading Volume: 5,465

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $37.68B

See more insights into STAN stock on TipRanks’ Stock Analysis page.