Standard Chartered Executes Share Buy-Back to Optimize Capital Structure

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

Standard Chartered PLC announced the purchase of 1,116,741 of its ordinary shares as part of a share buy-back program. The shares were acquired at a volume-weighted average price of 1,266.2633 GB pence and will be cancelled, reducing the total number of shares in issue to 2,410,831,613. This move is part of the company’s strategy to manage its capital structure and enhance shareholder value.

More about Standard Chartered

Standard Chartered PLC is a leading international banking group, incorporated in England and Wales. The company provides a wide range of financial services and operates primarily in Asia, Africa, and the Middle East, focusing on corporate and institutional banking, retail banking, and wealth management.

YTD Price Performance: 31.73%

Average Trading Volume: 6,696

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $38.44B

Learn more about STAN stock on TipRanks’ Stock Analysis page.