HSBC Holdings ( (GB:HSBA) ) has shared an announcement.
HSBC Holdings PLC announced the purchase and cancellation of 1.9 million of its ordinary shares as part of a buy-back program initiated in February 2025. This move, conducted through UK venues, is part of a broader strategy to manage the company’s share capital, having repurchased over 149 million shares for approximately $1.693 billion. The cancellation of these shares will adjust the company’s issued ordinary share capital, impacting shareholder calculations under regulatory guidelines.
More about HSBC Holdings
HSBC Holdings PLC is a major player in the financial services industry, offering a wide range of banking and financial products. The company focuses on providing services such as retail banking, wealth management, and commercial banking, with a significant presence in both the UK and international markets.
YTD Price Performance: 2.47%
Average Trading Volume: 27,842,257
Technical Sentiment Signal: Strong Sell
Current Market Cap: £142.5B
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