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An update from Standard Chartered ( (GB:STAN) ) is now available.
Standard Chartered PLC has announced a buy-back of its ordinary shares, purchasing 496,307 shares at a volume-weighted average price of 1,074.75 GB pence. This move is part of a previously announced share buy-back program, with the intention to cancel these shares, thereby reducing the total number of voting rights to 2,419,106,919. This strategic initiative is likely to impact the company’s financial structure by enhancing shareholder value and aligning with regulatory compliance.
More about Standard Chartered
Standard Chartered PLC is a major banking and financial services company headquartered in London, England. It primarily operates in consumer, corporate, and institutional banking services and is known for its extensive presence in Asia, Africa, and the Middle East.
YTD Price Performance: 6.46%
Average Trading Volume: 4,840
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $31.42B
See more insights into STAN stock on TipRanks’ Stock Analysis page.
