Standard Chartered ( (GB:STAN) ) just unveiled an update.
Standard Chartered PLC has announced the purchase of 1,113,178 of its ordinary shares as part of its ongoing share buy-back program. The shares were bought at prices ranging from 1,245.0000 to 1,271.0000 GB pence, with a volume-weighted average price of 1,254.6615 GB pence. The company plans to cancel these shares, reducing the total number of shares in issue to 2,408,588,435, which will also be the total number of voting rights. This move is part of a strategic effort to manage the company’s 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 operates primarily in the financial services industry, offering a range of products and services including personal banking, corporate banking, and wealth management. It focuses on markets in Asia, Africa, and the Middle East.
YTD Price Performance: 31.73%
Average Trading Volume: 6,852
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $38.55B
Learn more about STAN stock on TipRanks’ Stock Analysis page.