HSBC Holdings ( (GB:HSBA) ) has provided an update.
HSBC Holdings plc announced a significant share buy-back transaction, purchasing 1,900,000 ordinary shares on UK venues and 1,556,400 on the Hong Kong Stock Exchange. This move is part of a larger buy-back program initiated in February 2025, with the company having repurchased over 163 million shares for approximately $1.826 billion. The repurchase aims to enhance shareholder value by reducing the number of shares in circulation, thereby increasing the value of remaining shares. The cancellation of shares repurchased on UK venues is immediate, while those on the Hong Kong Stock Exchange take longer, impacting the company’s issued share capital and voting rights.
More about HSBC Holdings
HSBC Holdings plc is a prominent financial services organization based in London, England. It operates in the banking industry, offering a wide range of financial products and services including retail banking, wealth management, commercial banking, and global banking and markets. HSBC has a significant market presence across various regions, particularly in Europe and Asia.
YTD Price Performance: -9.18%
Average Trading Volume: 28,942,799
Technical Sentiment Signal: Sell
Current Market Cap: £126.1B
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