The latest update is out from Standard Chartered ( (GB:STAN) ).
Standard Chartered PLC has executed a share buy-back program, purchasing 1,195,473 of its ordinary shares on 24 March 2025, with the intention of cancelling these shares. This move is part of a broader strategy to manage the company’s capital structure, potentially enhancing shareholder value by reducing the number of shares in circulation and thus increasing earnings per share. The buy-back was conducted through various trading venues, including the London Stock Exchange, with a total expenditure of over $323 million. Following the cancellation of these shares, the total number of voting rights in the company will be adjusted accordingly.
More about Standard Chartered
Standard Chartered PLC is a leading international banking group, primarily offering financial services across Asia, Africa, and the Middle East. The company focuses on providing a wide range of banking products and services, including personal banking, corporate banking, and wealth management, catering to both individual and institutional clients.
YTD Price Performance: 25.14%
Average Trading Volume: 6,231
Technical Sentiment Signal: Sell
Current Market Cap: $35.58B
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