Standard Chartered ( (GB:STAN) ) has shared an update.
Standard Chartered PLC announced the purchase of 1,184,000 of its ordinary shares as part of a share buy-back program. The shares were bought at a volume-weighted average price of 1,187.7110 GB pence, with the intention to cancel them, reducing the total number of shares in issue to 2,390,939,451. This move is part of a strategic effort to optimize the company’s capital structure and potentially enhance shareholder value.
More about Standard Chartered
Standard Chartered PLC is a leading international banking group, primarily operating in Asia, Africa, and the Middle East. The company offers a range of financial services including personal banking, corporate banking, and wealth management, focusing on emerging markets.
YTD Price Performance: 26.80%
Average Trading Volume: 6,426
Technical Sentiment Signal: Sell
Current Market Cap: $36.82B
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