HSBC Holdings ( (GB:HSBA) ) has provided an announcement.
HSBC Holdings plc announced the repurchase and cancellation of a significant number of its ordinary shares as part of a buy-back program initiated in February 2025. This transaction, involving shares purchased on both the London and Hong Kong stock exchanges, reflects HSBC’s strategic efforts to manage its capital structure and enhance shareholder value. The buy-back program has led to the repurchase of over 135 million shares, amounting to approximately $1.55 billion, indicating a substantial impact on the company’s share capital and voting rights.
More about HSBC Holdings
HSBC Holdings plc is a major global bank headquartered in London, United Kingdom. It operates in the financial services industry, offering a wide range of banking and financial products and services. The company is focused on serving both individual and corporate clients across various markets worldwide.
YTD Price Performance: 12.75%
Average Trading Volume: 27,779,077
Technical Sentiment Signal: Sell
Current Market Cap: £157.1B
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