Standard Chartered Executes Share Buy-back to Optimize Capital Structure

Standard Chartered ( (GB:STAN) ) has shared an announcement.

Standard Chartered PLC has executed a share buy-back program, purchasing 1,150,000 of its ordinary shares at prices ranging from 1,183.5 to 1,199.0 GB pence. The company plans to cancel these shares, reducing the total number of shares in issue to 2,395,673,854, which will also be the total number of voting rights. This move is part of a strategic effort to manage the company’s share capital and potentially enhance shareholder value.

More about Standard Chartered

Standard Chartered PLC is a multinational banking and financial services company headquartered in London, England. It operates primarily in Asia, Africa, and the Middle East, providing a range of services including personal banking, corporate banking, and wealth management.

YTD Price Performance: 28.46%

Average Trading Volume: 6,422

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $37.33B

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