Standard Chartered Executes Share Buy-Back to Optimize Capital Structure

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

Standard Chartered PLC has announced the purchase of 1,601,861 of its ordinary shares as part of a share buy-back program. This initiative, executed through J.P. Morgan Securities plc, is part of a broader strategy to optimize the company’s capital structure. The purchased shares will be canceled, reducing the total number of shares in issue to 2,376,496,640, which will also be the total number of voting rights. This move is expected to enhance shareholder value and reflects the company’s confidence in its financial stability and future prospects.

More about Standard Chartered

Standard Chartered PLC is a prominent financial services company incorporated in England and Wales. It operates primarily in the banking industry, offering a wide range of financial products and services. The company is known for its focus on emerging markets, providing services such as personal banking, corporate banking, and wealth management.

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Technical Sentiment Signal: Sell

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