HSBC Holdings ( (GB:HSBA) ) just unveiled an announcement.
HSBC Holdings plc has announced the purchase and cancellation of a significant number of its own ordinary shares as part of a buy-back program initiated in February 2025. On April 3, 2025, HSBC repurchased 2,532,500 shares on UK venues and 1,600,000 shares on the Hong Kong Stock Exchange. This move is part of a larger strategy, with a total of 147,168,341 shares repurchased since the program’s inception, amounting to approximately US$1,674.4 million. The cancellation of these shares will impact the company’s issued ordinary share capital, which will now consist of 17,708,715,850 ordinary shares with voting rights. This buy-back initiative is likely to influence HSBC’s market positioning by potentially increasing shareholder value and optimizing capital structure.
More about HSBC Holdings
HSBC Holdings plc is a prominent financial institution incorporated in England and Wales, with its registered office in London. The company operates in the banking and financial services industry, offering a wide range of services including personal, commercial, and investment banking. HSBC is listed on various stock exchanges, including the Hong Kong Stock Exchange, and has a significant global presence.
YTD Price Performance: -3.22%
Average Trading Volume: 28,186,397
Technical Sentiment Signal: Sell
Current Market Cap: £134.6B
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