Standard Chartered Executes Share Buy-Back to Optimize Capital Structure

The latest announcement is out from Standard Chartered ( (GB:STAN) ).

Standard Chartered PLC has announced the purchase of 1,145,000 of its ordinary shares as part of a share buy-back program. The shares were acquired at a volume-weighted average price of 1,225.5321 GB pence and will be canceled, reducing the total number of shares in issue to 2,405,184,895. This move is part of Standard Chartered’s strategy to manage its capital structure and enhance shareholder value.

More about Standard Chartered

Standard Chartered PLC is a major banking and financial services company, incorporated in England and Wales. It operates globally, focusing on providing a range of financial products and services, including personal and corporate banking, wealth management, and investment services.

YTD Price Performance: 30.07%

Average Trading Volume: 5,465

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $37.68B

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